Academy Sports up after annual earnings forecast update, e-commerce boost

Academy Sports and Outdoors

10/06/2025 14:09

** Shares of sporting goods retailer Academy Sports and Outdoors ASO.O up 4.4% at $46.30 premarket

** Co says eCommerce sales grew 10.2% in Q1

** We saw sequential improvement across each month of the quarter, despite a choppy macro-economic backdrop, which resulted in positive comparable sales in April - CEO Steve Lawrence

** Co widens annual adjusted EPS forecast to between $5.45 and $6.25 vs. prior $5.75 to $6.20 outlook

** Says changes account for wider range of scenarios amid uncertain demand environment

** Sees annual comparable sales forecast to be between a 4% decline and 1% rise, compared to prior forecast of between a 2% decline and 1% rise, accounting for potential downside from inflationary pressures the remainder of the year.

** Co narrowly misses Q1 net sales estimates, while posting Q1 adjusted EPS below expectations, according to data compiled by LSEG

** Up to last close, stock has fallen 23% YTD

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))