Academy Sports and Outdoors, Inc. (ASO) revealed earnings for first quarter that decreased from last year and missed the Street estimates.
The company's bottom line came in at $46.08 million, or $0.68 per share. This compares with $76.47 million, or $1.01 per share, last year.
Excluding items, Academy Sports and Outdoors, Inc. reported adjusted earnings of $51.60 million or $0.76 per share for the period.
Analysts on average had expected the company to earn $0.89 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 1.0% to $1.351 billion from $1.364 billion last year.
Academy Sports and Outdoors, Inc. earnings at a glance (GAAP) :
-Earnings: $46.08 Mln. vs. $76.47 Mln. last year.-EPS: $0.68 vs. $1.01 last year.-Revenue: $1.351 Bln vs. $1.364 Bln last year.
-Guidance:Full year EPS guidance: $5.45 - $6.25Full year revenue guidance: $5,970 - $6,265 Mln
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.