Academy Sports and Outdoors Inc (NASDAQ:ASO) reported downbeat earnings for the fourth quarter on Tuesday.
The company posted quarterly earnings of $1.97 per share which missed the analyst consensus estimate of $2.06 per share. The company reported quarterly sales of $1.719 billion which missed the analyst consensus estimate of $1.758 billion.
“We are optimistic the strategies we have in place should enable us to return to consistent comp sales growth,” CEO Steve Lawrence said.
Academy Sports expects fiscal 2026 GAAP earnings of $5.65 to $6.15 per share, below the analyst estimate of $6.37 per share.
The company also projects adjusted earnings of $6.10 to $6.60 per share, compared with the analyst estimate of $6.46 per share, and sales of …