ASO Stock Recent News

Academy Sports (ASO) first-quarter fiscal 2024 results hurt by the current economic environment.

Academy Sports & Outdoor (Academy) sales in first quarter failed to meet expectations. Net sales decreased (1.4) % to $1,364.2.

Academy Sports and Outdoors reported Q1 results showing continued weakness as macroeconomic pressures on the consumer persist. The FY2024 guidance was reaffirmed, and with Q1 results only missing estimates slightly, I believe that the report was solid overall. The company targets aggressive retail location openings. With a demand recovery combined with long-term revenue growth, the stock has great upside even with more conservative estimates than is targeted.

While the top- and bottom-line numbers for Academy Sports and Outdoors (ASO) give a sense of how the business performed in the quarter ended April 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Academy Sports and Outdoors, Inc. (NASDAQ:ASO ) Q1 2024 Earnings Conference Call June 11, 2024 10:00 AM ET Company Participants Matt Hodges - VP, IR Steve Lawrence - CEO Carl Ford - CFO Conference Call Participants Seth Basham - Wedbush Securities Justin Cleaver - Baird Michael Lasser - UBS Simeon Gutman - Morgan Stanley Chris Horvers - JPMorgan Kate McShane - Goldman Sachs Robbie Ohmes - Bank of America Greg Melich - Evercore ISI Anthony Chukumba - Loop Capital Markets John Kernan - TD Cowen John Heinbockel - Guggenheim Securities Operator Good morning, ladies and gentlemen, and welcome to the Academy Sports and Outdoors First Quarter Fiscal 2024 Results Conference Call. At this time, this call is being recorded and all participants are in listen-only mode.

Academy Sports and Outdoors, Inc. ASO announced an exclusive partnership with DoorDash DASH, a leading local commerce platform. This collaboration is set to revolutionize the shopping experience for Academy Sports' customers by offering on-demand delivery from its 285 stores across 19 states.

Academy Sports and Outdoors, Inc. stock is down after a mixed earnings report, but is considered a trader's stock with potential for growth. The company plans to expand its store base by 30% in the next few years, despite weak Q1 performance and consumer pressures. While the short-term outlook is murky, long-term prospects for Academy Sports and Outdoors, Inc. are positive, with a healthy balance sheet and growth potential.

Shares of Academy Sports + Outdoors (ASO) fell Tuesday after the sporting goods and outdoor recreation gear retailer posted worse-than-expected quarterly results as it said its shoppers faced tough times financially.

Academy Sports and Outdoors, Inc. (ASO) came out with quarterly earnings of $1.08 per share, missing the Zacks Consensus Estimate of $1.23 per share. This compares to earnings of $1.30 per share a year ago.

Academy Sports (ASO) announces an exclusive partnership with DoorDash, a leading local commerce platform.