Academy Sports Q3 sales fall 3.9%, EPS down 29.8%; sets $700 million buyback
Academy Sports and Outdoors reported third-quarter fiscal 2024 net sales down 3.9% to $1.34 billion, with GAAP diluted EPS of $0.92 versus $1.31 a year earlier. The company narrowed its full-year fiscal 2024 guidance, cutting the top of its GAAP EPS range to $5.80 from $6.20 and its net sales ceiling to $5.94 billion from $6.08 billion, and its board approved a new $700 million share repurchase program.
Key points
- Q3 net sales $1,343.3 million, down 3.9%; comparable sales down 4.9%
- GAAP diluted EPS $0.92 vs $1.31 a year earlier; adjusted diluted EPS $0.98 vs $1.38
- FY2024 GAAP EPS guidance narrowed to $5.50 to $5.80 from $5.45 to $6.20; net sales guidance $5.895 billion to $5.94 billion
- Board approved $700 million buyback on December 4, 2024, with $423 million left under the prior program; quarterly dividend of $0.11 per share
The filing
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 December 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.