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- Academy Sports And Outdoors Inc (NASDAQ:ASO) reported fourth-quarter FY21 sales growth of 13.2% year-on-year, to $1.81 billion, beating the consensus of $1.77 billion. Net sales increased 32.0% versus Q4 FY19.
- Comparable sales increased 13.1% versus last year. E-Commerce sales rose 22.7%.
- Adjusted EPS of $1.61 beat the consensus of $1.42.
- The gross margin expanded 110 basis points Y/Y to 32.3%, and the gross profit grew 17% to $584.1 million.
- The operating margin was 11%, and operating income for the quarter jumped 40.5% to $198.2 million.
- The company held $486 million in cash and equivalents as of January 29, 2022.
- Outlook: Academy sees FY22 sales of $6.56 billion - $6.77 billion, against the consensus of $6.69 billion.
- The company sees FY22 non-GAAP EPS of $6.70 - $7.25 versus the consensus of $6.14.
- Price Action: ASO shares traded higher by 8.21% at $39.16 on the last check Tuesday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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