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June 8, 2021, 8:18 a.m. EDT

Academy Sports swings to a profit and raises full-year guidance

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By Tonya Garcia

Shares of Academy Sports & Outdoors Inc. /zigman2/quotes/221441945/composite ASO -2.34% soared 8.7% in Tuesday premarket trading after the athletic retailer swung to a profit and raised its guidance. Net income totaled $177.8 million, or $1.84 per share, after a loss of $10.0 million, or 14 cents per share, last year. Adjusted EPS was $1.89, blowing past the FactSet consensus for 83 cents. Sales of $1.580 billion were up from $1.136 billion last year and just ahead of the FactSet consensus for $1.579 billion. Comparable sales growth of 38.9% beat the FactSet consensus for 32.4% growth. Apparel, shoes and team sports drove sales. E-commerce sales fell 21% after triple-digit growth the prior year. For 2021, the company now expects comparable sales growth of 6% to 9%, up from a 2% decline to 2% growth previously. And EPS is now expected to be $4.15 to $4.50, up from $2.70 to $2.95. The FactSet consensus is for full-year comparable sales growth of 4.6% and EPS of $3.34. Academy Sports stock has gained 82.3% over the year to date while the S&P 500 index /zigman2/quotes/210599714/realtime SPX -1.89% is up 12.5% for the period.

/zigman2/quotes/221441945/composite
US : U.S.: Nasdaq
$ 36.33
-0.87 -2.34%
Volume: 4.21M
Jan. 21, 2022 4:00p
P/E Ratio
5.54
Dividend Yield
N/A
Market Cap
$3.22 billion
Rev. per Employee
$298,277
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/zigman2/quotes/210599714/realtime
US : S&P US
4,397.94
-84.79 -1.89%
Volume: 3.20B
Jan. 21, 2022 4:52p
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