Academy Sports & Outdoors, Inc. (ASO) saw its stock surge 5.12% during intraday trading on Tuesday following the release of its third-quarter earnings report. The company reported adjusted earnings per share of $1.14, surpassing the analyst consensus estimate of $1.06. This represents a 16.33% increase compared to the same period last year.
Despite a slight revenue miss ($1.384 billion vs. $1.403 billion estimate), the company's improved gross margin (35.7% vs. 34% YoY) and strong eCommerce sales growth (22.2%) contributed to investor optimism. Additionally, ASO narrowed its fiscal 2025 guidance, projecting adjusted EPS of $5.65-$6.15 and revenue of $6.025-$6.200 billion, which aligns closely with market expectations.
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