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

Reuters

Dec 10, 2024

** 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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adj EPS of 98 cents vs est $1.29 - LSEG</p><p>   ** As of Monday's close, stock down 23.6% YTD</p><p>(Reporting by Neil J Kanatt in Bengaluru) ((Neil.JKanatt@thomsonreuters.com))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-Academy Sports and Outdoors down after narrowing annual sales forecast</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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adj EPS of 98 cents vs est $1.29 - LSEG</p><p>   ** As of Monday's close, stock down 23.6% YTD</p><p>(Reporting by Neil J Kanatt in Bengaluru) ((Neil.JKanatt@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ASO","symbol_name":"Academy Sports & Outdoors, Inc.","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2490013171","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490013171","pubTimestamp":1733838005,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"** 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; 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