ASO - Why Academy Sports And Outdoors Shares Are Trading Lower Today | Benzinga
Academy Sports And Outdoors Inc (NASDAQ:ASO) shares are plunging after the company reported fourth-quarter FY23 sales growth of 2.8% year-on-year to $1.794 billion, merely missing the analyst consensus estimate of $1.796 billion.
Comparable sales declined 3.6%. Adjusted EPS of $2.21 missed the analyst consensus estimate of $2.30.
Gross margin expanded 50 basis points Y/Y to 33.3%, and gross profit rose 4.3% to $597 million.
Operating margin was 11.4%, and operating income for the quarter slipped 0.4% to $203.9 million. Adjusted ...