Academy Sports earnings beat expectations, guidance raised

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Academy Sports & Outdoors Inc. ASO, -3.85% banal roseate 1.4% aft the retailer reported second-quarter net that Chief Executive Ken Hicks called the "best" successful the company's past and raised its full-year guidance. Net income totaled $190.5 million, oregon $1.99, compared with $167.7 million, oregon $2.25 per share, past year. Adjusted EPS of $2.34 bushed the FactSet statement for $1.42. Sales totaled $1.792 billion, up from $1.606 cardinal past twelvemonth and besides up of the FactSet statement for $1.658 billion. Comparable income grew 11.4%, good up of the FactSet statement for 6.2% growth. Academy Sports has approved a caller three-year, $500 cardinal stock repurchase program. And the institution raised its guidance. Academy expects income of $6.465 cardinal to $6.620 billion. Comparable income are forecast to turn 14% to 17%, up from erstwhile guidance for 6%-to-9% growth. And the institution is guiding for EPS of $5.45 to $5.80, up from $4.15 to $4.50. The FactSet statement is for income of $6.153 billion, comparable income maturation of 10.1% and EPS of $4.67. Academy Sports banal has much than doubled, up 109.4% for the twelvemonth to date, portion the S&P 500 scale SPX, -0.13% has tally up 20.2% for the period.

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