Academy Sports and Outdoors Non-GAAP EPS of $2.30 Beats by $0.26, Revenue of $1.69B Misses by $10M

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Academy Sports and Outdoors Non-GAAP EPS of $2.30 Beats by $0.26, Revenue of $1.69B Misses by $10M

Seeking Alpha2022-09-07

Academy Sports and Outdoors Q2 Non-GAAP EPS of $2.30beats by $0.26.
Revenue of $1.69B (-5.6% Y/Y)misses by $10M.
Comparable sales declined 6.0%.
The company reaffirms FY2022 sales guidance of $6.43B to $6.63B vs. consensus of $6.58B, comparable sales of -6% to -3%, gross margin rate of 33% to 33.5% and GAAP net income of $550M to $615M.
The company raised adjusted EPS outlook to $6.75 to $7.50 from $6.55 to $7.25 vs. consensus of $6.94.

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