ASO Q3 Earnings & Revenues Miss Estimates, FY24 Guidance Down
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Academy Sports and Outdoors (ASO) reported disappointing third-quarter fiscal 2024 results, missing both earnings and revenue estimates. The company faced significant challenges in October, leading to a downward revision of its full-year 2024 guidance.
December 11, 2024 | 3:30 pm
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Academy Sports and Outdoors reported lower-than-expected earnings and revenues for Q3 FY24, with October being a particularly challenging month. The company has also revised its full-year 2024 guidance downwards.
The miss on both earnings and revenue estimates, coupled with a challenging October and a downward revision of FY24 guidance, suggests a negative short-term impact on ASO's stock price. Investors may react negatively to the missed estimates and reduced guidance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100