Academy Sports + Outdoors Results Hit as Economic Pressure Affects Shoppers
ASOAcademy(ASO) Investopedia·2024-06-11 23:30

Key TakeawaysAcademy Sports + Outdoors missed first-quarter profit and sales estimates, which it blamed on economic pressures on its shoppers.The sporting goods and outdoor gear retailer's comparable store sales dropped 5.4% year-over-year.Shares fell more than 6% in intraday trading Tuesday to their 2024 lows. Shares of Academy Sports + Outdoors (ASO) fell Tuesday after the sporting goods and outdoor recreation gear retailer posted worse-than-expected quarterly results as it said its shoppers faced tough t ...