Academy Sports Misses Q1 Estimates, Trims Forecasts Amid Sales Slump

Academy Sports and Outdoors (NASDAQ:ASO) delivered Q1 results that missed expectations and narrowed its full-year outlook in response to ongoing economic headwinds.

The retailer reported adjusted earnings per share of $0.76 for the quarter, falling short of the $0.90 anticipated by analysts. Revenue declined 0.9% year-over-year to $1.35 billion, coming in just under the $1.37 billion consensus estimate. Comparable store sales dropped 3.7%, reflecting continued softness in consumer demand.

In light of these challenges, Academy widened its full-year comparable sales guidance to a range of -4% to +1%, compared to the earlier -2% to +1% outlook. The company also trimmed the lower end of its earnings forecast, now expecting fiscal 2025 adjusted EPS between $5.45 and $6.25, slightly lowering the midpoint relative to prior projections.

Total net sales are now forecast between $5.97 billion and $6.265 billion, down from the previous range of $6.09 billion to $6.265 billion.