ASO - Academy Sports and Outdoors Non-GAAP EPS of $1.30 misses by $0.34 revenue of $1.38B misses by $60M

2023-06-06 08:13:21 ET

• Academy Sports and Outdoors press release ( NASDAQ: ASO ): Q1 Non-GAAP EPS of $1.30 misses by $0.34 .
• Revenue of $1.38B (-5.7% Y/Y) misses by $60M .

• Comparable Sales Decline 7.3%

• Company Opens One New Store During Q1; Plans to Open 13 to 15 in 2023

• FY23 Guidance:

• Revenue of $$6.175B-$6.365B from prior guidance of $6.5B-$6.7B

• Comp sales of -7.5% - -4.5% from prior guidance of -2.0% - +1.0%.

• EPS of $6.80-$7.50 from prior guidance of $7.00-$7.75.

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