Academy Sports and Outdoors, Inc. slightly reduced its guidance for the year after reporting results for the first quarter ended April 29 missed plan although the sporting goods chains predicted sales would improve in the back half of the year.
Sales of $1.38 billion compared with Wall Street’s consensus estimate of $1.45 billion. Adjusted EPS of $1.30 was below Wall Street’s consensus estimate of $1.61 a share.
For full details on Academy’s first quarter and full-year outlook, including executive commentary from the analyst conference call, go here for SGB Executive coverage:
EXEC: Academy Sports Bets On Revenue Bounce Back In Second Half
Photo courtesy Academy
