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

Academy Sports cuts fiscal 2024 guidance as second-quarter net sales fall 2.2%

Negative Impact 4 of 5 guidance Written later

Academy Sports and Outdoors reported second-quarter net sales of $1.55 billion, down 2.2% from a year earlier, and GAAP diluted EPS of $1.95 versus $2.01. The company lowered its fiscal 2024 guidance for net sales and GAAP EPS, citing a tough economy, a distribution center backlog tied to a new warehouse management system, and a active storm season.

Key points

  • Q2 net sales were $1.55 billion, down 2.2%; comparable sales fell 6.9%.
  • GAAP diluted EPS was $1.95, down from $2.01; adjusted diluted EPS was $2.03 versus $2.09.
  • Fiscal 2024 GAAP EPS guidance is now $5.45 to $6.20, down from $6.05 to $7.05; net sales guidance is now $5.895 billion to $6.075 billion, down from $6.070 billion to $6.350 billion.
  • Board declared a $0.11 per share dividend, payable October 17, 2024, to holders of record on September 19, 2024.

The filing

CompanyAcademy Sports + Outdoors (ASO)
Form8-K, current report
Filed with the SECSep 10, 2024, 8:16 AM ET
Accession number0001817358-24-000170

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 September 10, 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.