Academy Sports (ASO) Falls 15% YTD: What's Next for Investors?
ASOAcademy(ASO) ZACKS·2024-07-19 23:00

Academy Sports and Outdoors, Inc. (ASO) is navigating a challenging macroeconomic environment that is impacting its customer base. With inflation rates remaining high, the company is witnessing curtailment regarding discretionary spending on non-essential items like sports equipment and outdoor goods.The current economic climate led to notable shifts in consumer behavior. With personal savings depleted, consumers are becoming more cautious with their discretionary spending. Customers are shopping episodical ...