- Academy Sports And Outdoors Inc ASO reported a third-quarter FY22 sales decline of 6.2% year-on-year to $1.49 billion, missing the consensus of $1.55 billion.
- The decline in sales was primarily due to fewer transactions compared to last year, mainly from a decline in Hunting sales within the Outdoors division.
- Comparable sales declined 7.2%, and e-commerce sales grew 10.5%.
- Adjusted EPS of $1.69 beat the analyst consensus of $1.59.
- Gross margin contracted 20 basis points Y/Y to 35%, and gross profit fell 6.7% to $522.5 million.
- Operating margin was 12%, and operating income for the quarter declined 16.9% to $179.5 million.
- The company held $318.2 million in cash and equivalents as of October 29, 2022. Cash provided by operating activities for the quarter totaled $50.8 million.
- Adjusted EBITDA for the quarter totaled $217 million.
- Academy's Board declared a quarterly cash dividend of $0.075 per share of common stock, payable on January 13, 2023, to stockholders of record on December 20, 2022.
- As of October 29, 2022, the company had approximately $400 million remaining under its share repurchase program.
- Outlook: ASO tightened its FY22 sales guidance from $6.43 billion - $6.63 billion to $6.43 billion - $6.49 billion versus the consensus of $6.55 billion.
- The company raised its FY22 adjusted EPS outlook to $7.50 - $7.65 from the prior forecast of $6.75 - $7.50, against the consensus of $7.18.
- Price Action: ASO shares traded higher by 13.3% at $55.86 on the last check Wednesday.
- Photo Via Company
Loading...
Loading...
ASOAcademy Sports and Outdoors Inc
$45.600.84%
Edge Rankings
Momentum
25.67
Growth
86.93
Quality
Not Available
Value
70.54
Price Trend
Short
Medium
Long
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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!
Already a member?Sign in
