Academy Sports And Outdoors Q1 Earnings Miss Estimate On Macroeconomic Pressure
Portfolio Pulse from Shivani Kumaresan
Academy Sports And Outdoors Inc (ASO) reported a Q1 FY23 sales decline of 5.7% YoY to $1.38 billion, missing the analyst consensus estimate of $1.44 billion. Adjusted EPS of $1.30 also missed the consensus of $1.66. The company lowered its FY23 sales and adjusted EPS outlook.
June 06, 2023 | 2:08 pm
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Academy Sports And Outdoors (ASO) reported lower Q1 FY23 sales and earnings, missing estimates. The company also lowered its FY23 sales and adjusted EPS outlook.
ASO reported a decline in sales and earnings, missing analyst estimates. This negative performance, combined with the lowered outlook for FY23 sales and adjusted EPS, is likely to have a negative impact on the stock price in the short term.
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