Academy Sports & Outdoors Q2 Result Tops Consensus; Plans $500M Stock Buyback

Loading...
Loading...
  • Academy Sports & Outdoors Inc ASO reported second-quarter FY21 sales growth of 11.5% year-on-year, to $1.79 billion, beating the analyst consensus of $1.66 billion.
  • Gross profit increased 29.4% Y/Y to $642.5 million and the gross margin improved 500 basis points to 35.9%.
  • The operating margin was 14.2%, and operating income for the quarter rose 38.5% to $254.6 million.
  • The company held $553.8 million in cash and equivalents at Q2 end.
  • Net cash provided by operating activities totaled $186.4 million with an adjusted free cash flow of $169.5 million.
  • Adjusted EPS of $2.34 beat the analyst consensus of $1.42.
  • The company has announced a new $500 million shares buyback scheme.
  • Outlook: Academy Sports sees FY21 EPS of $5.45 - $5.80 (prior outlook $4.15 - $4.50) versus the consensus of $4.84.
  • The company expects FY21 sales of $6.465 billion - $6.620 billion versus the consensus of $6.20 billion.
  • Price Action: ASO shares traded higher by 3.34% at $44.86 on the last check Thursday.
Market News and Data brought to you by Benzinga APIs
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidanceBuybacksMoversTrading IdeasBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...