Why Academy Sports Stock Is Rising Today
Portfolio Pulse from Nabaparna Bhattacharya
Academy Sports And Outdoors Inc (NASDAQ:ASO) reported a Q2 FY23 sales decline of 6.2% YoY to $1.58 billion, in line with analyst consensus. Adjusted EPS of $2.09 beat the consensus of $1.99. The company increased its adjusted EPS guidance for FY23 to $6.95-$7.65, versus the consensus of $6.92. ASO shares traded higher by 12.54% at $56.20 premarket.
August 31, 2023 | 1:17 pm
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Academy Sports reported Q2 FY23 sales decline but beat EPS estimates and increased its FY23 EPS guidance. This led to a premarket increase in ASO shares.
Academy Sports reported a decline in sales but beat EPS estimates and raised its EPS guidance for FY23. This positive financial performance and outlook likely contributed to the increase in ASO's premarket share price.
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