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 story : Academy Sports earnings beat expectations, guidance raised #FinanceUSA #StockMarketNEWS Academy Sports & Outdoors Inc. stock rose 1.4% after the retailer reported second-quarter earnings that Chief

@stockMarketNEWS 10 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

Academy Sports earnings beat expectations, guidance raised #FinanceUSA #StockMarketNEWS
Academy Sports & Outdoors Inc. stock rose 1.4% after the retailer reported second-quarter earnings that Chief Executive Ken Hicks called the "best" in the company's history and raised its full-year guidance. Net income totaled 0.5 million, or .99, compared with 7.7 million, or .25 per share, last year. Adjusted EPS of .34 beat the FactSet consensus for .42. Sales totaled .792 billion, up from .606 billion last year and also ahead of the FactSet consensus for .658 billion. Comparable sales grew 11.4%, well ahead of the FactSet consensus for 6.2% growth. Academy Sports has approved a new three-year, 0 million share repurchase program. And the company raised its guidance. Academy expects sales of .465 billion to .620 billion. Comparable sales are forecast to grow 14% to 17%, up from previous guidance for 6%-to-9% growth. And the company is guiding for EPS of .45 to .80, up from .15 to .50. The FactSet consensus is for sales of .153 billion, comparable sales growth of 10.1% and EPS of .67. Academy Sports stock has more than doubled, up 109.4% for the year to date, while the S&P 500 index has run up 20.2% for the period.


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