ASO - Why Academy Sports Shares Are Sliding Today | Benzinga
Academy Sports And Outdoors, Inc. (NASDAQ: ASO) reported a third-quarter FY23 sales decline of 6.4% year-on-year to $1.398 billion, missing the analyst consensus estimate of $1.440 billion.
Adjusted EPS of $1.38 missed the analyst consensus of $1.59.
Comparable sales declined 8%. Gross margin contracted 50 basis points Y/Y to 34.5%, and gross profit fell 7.6% to $482.64 million.
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