Academy Sports and Outdoors, Inc.
(NASDAQ:ASO) gave retail stock traders a reason to cheer early Tuesday, delivering a top- and bottom-line outperformance for its first quarter ended May 2.
Q1 Earnings By The Numbers The sporting goods retailer reported first-quarter adjusted earnings per share (EPS) of 93 cents, beating Wall Street analyst expectations of 91 cents per share.
Net sales rose to $1.442 billion, in line with analyst expectations.
Total sales grew 6.7% year-over-year, supported by a 2.9% jump in comparable store sales and a 17.4% surge in eCommerce revenue.
