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AI brief of an SEC Form 8-K · Academy Sports + Outdoors (ASO)

Academy Sports Q1 EPS falls 15.1% to $1.01 on 1.4% sales drop; EPS outlook raised

Negative Impact 4 of 5 earnings Written later

Academy Sports and Outdoors reported first-quarter results for the period ended May 4, 2024, with net sales of $1.36 billion, down 1.4%, and GAAP diluted EPS of $1.01, down from $1.19. The company raised its fiscal 2024 GAAP EPS forecast to $6.05 to $7.05 from $5.90 to $6.90, citing first-quarter share repurchases, while reiterating its sales and net income guidance.

Key points

  • Net sales $1.36 billion, down 1.4%; comparable sales down 5.7%
  • GAAP net income $76.5 million, down 18.6%; diluted EPS $1.01 versus $1.19
  • Fiscal 2024 GAAP diluted EPS guidance raised to $6.05 to $7.05 from $5.90 to $6.90; sales and net income guidance unchanged
  • Quarterly dividend of $0.11 per share, payable July 18, 2024, to holders of record on June 20, 2024

The filing

CompanyAcademy Sports + Outdoors (ASO)
Form8-K, current report
Filed with the SECJun 11, 2024, 8:32 AM ET
Accession number0001817358-24-000119

Items reported: 2.02 Results of Operations8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 11, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.