Academy Sports and Outdoors down after narrowing annual sales forecast

Academy Sports and Outdoors

10/12/2024 13:40

** Sporting goods retailer Academy Sports and Outdoors'  ASO.O 
shares down 3.6% at $48.60 premarket
    ** Company now expects annual net sales between $5.90 bln
and $5.94 bln vs prior forecast range of $5.90 bln to $6.08 bln
    ** Forecasts full-year adj EPS between $5.80 and $6.10 vs
previous expectation of $5.75 to $6.50
    ** Company misses Q3 sales and profit estimates
    ** Reports Q3 net sales decline of 3.9% to $1.34 bln vs est
$1.39 bln; adj EPS of 98 cents vs est $1.29 - LSEG
    ** As of Monday's close, stock down 23.6% YTD

(Reporting by Neil J Kanatt in Bengaluru)
((Neil.JKanatt@thomsonreuters.com))