ASO (47.57) reports solid Jan Q4 earnings, but issues FY26 guidance a bit below estimates -
briefing -
Academy Sports + Outdoors beats by $0.13, reports revs in-line; guides FY26 EPS below consensus, revs in-line (47.57 ) :
Reports Q4 (Jan) earnings of $1.96 per share, excluding non-recurring items, $0.13 better than the FactSet Consensus of $1.83; revenues fell 6.6% year/year to $1.68 bln vs the $1.68 bln FactSet Consensus.
Co issues guidance for FY26, sees EPS of $5.75-6.20, excluding non-recurring items, vs. $6.45 FactSet Consensus; sees FY26 revs of 6.09-6.27 bln vs. $6.24 bln FactSet Consensus.
The company expects the first quarter to be the most challenging from a sales and earnings per share prospective as they plan to open five stores and transition to the new Jordan floor set. They further expect their internal initiatives to start to positively impact results beginning in the second quarter. Additionally, they expect the back half of the year to be stronger than the first half as their internal initiatives take hold.