Academy Sports Lowers FY23 Sales Guidance From $6.5B-$6.7B To $6.175B-$6.365B Vs. Consensus Of $6.59B; Sees Adjusted EPS Of $6.80-$7.50 Down From Prior Guidance Of $7.00-$7.75 Vs. Consensus Of $7.49
Portfolio Pulse from Benzinga Newsdesk
Academy Sports (ASO) has lowered its FY23 sales guidance from $6.5B-$6.7B to $6.175B-$6.365B, below the consensus of $6.59B. The company also reduced its adjusted EPS guidance from $7.00-$7.75 to $6.80-$7.50, compared to the consensus of $7.49.
June 06, 2023 | 12:13 pm
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Academy Sports (ASO) has lowered its FY23 sales and adjusted EPS guidance, both below consensus estimates.
Academy Sports has lowered its FY23 sales and adjusted EPS guidance, both of which are now below consensus estimates. This negative news is likely to have a short-term negative impact on the stock price, as it indicates that the company's performance may not meet market expectations.
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