ASO - Academy Sports and Outdoors reports mixed Q4 earnings; initiates FY23 outlook

2023-03-16 08:05:05 ET

• Academy Sports and Outdoors press release ( NASDAQ: ASO ): Q4 Non-GAAP EPS of $2.04 beats by $0.23 .
• Revenue of $1.75B (-3.3% Y/Y) misses by $40M and comparable sales declined 5.1%.
• For the fourth quarter, gross margin was $572.5 million, or 32.8% of net sales.
• Provides 2023 Outlook for Top-Line Growth and New Store Openings: Net sales of $6,500M-$6,700M vs. consensus of $6.72B; Adjusted earnings per common share, diluted of $7.00-$7.75 vs. consensus of $7.79 ; Comparable sales of -2.00% - 1.00%.

For further details see: