Academy Sports Q2 Adj $2.03, Inline, Sales $1.55B Miss $1.57B Estimate
Portfolio Pulse from Benzinga Newsdesk
Academy Sports reported Q2 earnings of $2.03 per share, meeting expectations but showing a 2.87% decrease from last year. Sales were $1.55 billion, missing the $1.57 billion estimate and down 2.15% from the previous year.
September 10, 2024 | 12:02 pm
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Academy Sports' Q2 earnings met expectations at $2.03 per share, but sales of $1.55 billion missed estimates and showed a decline from last year.
The earnings per share met expectations, which is neutral, but the sales miss and year-over-year decline in both earnings and sales are negative indicators. This could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100