Shares of Academy Sports & Outdoors, Inc. (ASO) plummeted 6.30% in pre-market trading on Tuesday.
The sharp decline followed the company's release of its fourth-quarter financial results, which fell short of analyst expectations. Academy Sports reported adjusted earnings per share of $1.97, missing the consensus estimate of $2.06. Quarterly sales of $1.719 billion also missed the estimated $1.758 billion.
Furthermore, the company issued fiscal 2026 guidance that was below market forecasts. It projected full-year revenue in the range of $6.18 billion to $6.36 billion, compared to the FactSet estimate of $6.47 billion. Adjusted earnings per share guidance of $6.10 to $6.60 also came in below the estimated $6.46.
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