Academy Sports and Outdoors falls on annual sales forecast cut

Academy Sports and Outdoors

30/11/2023 13:52

** Shares of Academy Sports and Outdoors  ASO.O  down 6.6%
at $47.20 premarket after co lowers annual sales forecast
    ** Co says it expects annual net sales between $6.11 bln to
$6.17 bln vs $6.18 bln to $6.37 bln previously
    ** Co also misses Q3 sales expectations as sticky inflation
and warm weather hurt consumer demand
    ** Q3 adj profit of $1.38 per share misses avg estimates of
$1.59/shr - LSEG
    ** Up to last close, stock down ~4% YTD

 (Reporting by Juveria Tabassum in Bengaluru)
 ((Juveria.Tabassum@thomsonreuters.com;))