Investing.com -- Academy Sports and Outdoors Inc (NASDAQ:ASO) shares jumped over 4% in Thursday's premarket trade after the U.S. sporting-goods store chain delivered fourth-quarter earnings that surpassed analyst expectations.
The company posted quarterly earnings per share (EPS) of $1.96, trumping the consensus estimate of $1.82. Revenue for the three-month period fell 6.6% year-over-year to $1.68 billion, but was still above the consensus forecast of $1.67 billion.
Comparable sales declined 3%, better than the estimated 4.31% drop.
“Looking back on 2024, our team made significant strides toward achieving our long-term goals, all while thoughtfully navigating a challenging macroeconomic environment," said Steve Lawrence, CEO of Academy Sports + Outdoors.
"As we head into 2025, we’re energized by the opportunities that lie ahead. The foundation for growth that we’ve built over the past year should yield meaningful results this year and into the future," he added.
For the full fiscal year 2025, the company expects EPS in the range of $5.75 to $6.20, below the consensus estimate of $6.47.
Revenue is projected between $6.09 billion and $6.265 billion, compared to the $6.24 billion expected by analysts.
This content was originally published on Investing.com
