BUZZ-Academy Sports and Outdoors down after narrowing annual sales forecast

Reuters

2024/12/10

** Sporting goods retailer Academy Sports and Outdoors' shares down 3.6% at $48.60 premarket

** Company now expects annual net sales between $5.90 bln and $5.94 bln vs prior forecast range of $5.90 bln to $6.08 bln

** Forecasts full-year adj EPS between $5.80 and $6.10 vs previous expectation of $5.75 to $6.50

** Company misses Q3 sales and profit estimates

** Reports Q3 net sales decline of 3.9% to $1.34 bln vs est $1.39 bln; adj EPS of 98 cents vs est $1.29 - LSEG

** As of Monday's close, stock down 23.6% YTD

(Reporting by Neil J Kanatt in Bengaluru) ((Neil.JKanatt@thomsonreuters.com))

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