- Academy Sports And Outdoors Inc ASO reported third-quarter FY21 sales growth of 18.1% year-on-year, to $1.59 billion, beating the analyst consensus of $1.49 billion.
- Comparable sales increased 17.9% versus last year. E-Commerce sales rose 25.9%.
- Adjusted EPS of $1.75 beat the analyst consensus of $1.09.
- The gross margin expanded 250 basis points Y/Y to 35.2%, and the gross profit grew 27.3% to $560.8 million.
- The operating margin was 13.6%, and operating income for the quarter jumped 164.9% to $216.1 million.
- The company held $401.3 million in cash and equivalents as of October 30, 2021.
- Outlook: Academy raised FY21 GAAP EPS outlook to $6.75 - $6.85 (prior view $5.45 - $5.80).
- The company sees non-GAAP EPS of $7.21 -$7.31 versus the consensus of $6.48.
- The company expects FY21 sales of $6.675 billion -$6.74 billion (prior view $6.465 billion - $6.62 billion), against the consensus of $6.60 billion.
- Price action: ASO shares traded higher by 2.22% at $44.19 on the last check Friday.
© 2024 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