ASO Earnings Prediction
The chart below shows how ASO performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ASO sees a -0.91% change in stock price 10 days leading up to the earnings, and a +3.36% change 10 days following the report. On the earnings day itself, the stock moves by +3.19%. This data can give you a slight idea of what to expect for the next quarter's release.
ASO Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.40B
-6.44%
-11.71%
Gross Margin
34.53%
-1.26%
-2.98%
Operating Margin
9.78%
-19.57%
-26.63%
Net Margin
7.15%
-18.93%
-27.92%
EPS
1.31
-19.14%
-34.83%
No Data Available
ASO Earnings Analysis
Academy Sports and Outdoors, Inc. Corporation (ASO.O) Earnings Conference Call
Positive
Third Quarter Sales Performance: Third quarter sales of $1.34 billion and comparable sales of negative 4.9% fell in line with our expectations.
Gross Margin Decline: Our gross margin rate in the third quarter was 34.0%, a 50 basis point decrease, compared to the third quarter of last year, primarily driven by increased supply chain costs associated with international freight and labor expenses in our Georgia distribution facility.
Quarterly Net Income Report: Overall, in the third quarter, we generated GAAP net income of $65.8 million and GAAP diluted earnings per share of $0.92.
Adjusted Net Income Summary: Adjusted net income, which excludes stock-based compensation of $6.3 million was $70.5 million or $0.98 in adjusted earnings per share.
Quarterly Cash Position: We ended the quarter with $296 million in cash.
Negative
Sales Decline Analysis: Sales declined by 4.9% in the third quarter, amounting to $1.34 billion, aligning with expectations but indicating a negative trend.
Sales Performance Analysis: Comp sales decreased by 7.1%, contrasting with a 2.4% increase in ticket sales compared to last year.
Gross Margin Decline: Gross margin rate fell to 34.0%, a decrease of 50 basis points from the previous year, primarily due to increased supply chain costs.
SG&A Expense Increase: SG&A expenses increased by $19.3 million compared to last year, driven mainly by investments in growing store base and operational costs.
Third Quarter Net Income: Net income for the third quarter was $65.8 million, with diluted earnings per share at $0.92, reflecting a challenging financial environment.
ASO FAQs
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ASO Earning Call Sentiment
Academy Sports and Outdoors, Inc. (ASO) Q3 2024 Earnings Call Transcript
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ASO.O
0.38%Positive
The earnings call revealed several concerning factors: declining sales and margins, increased SG&A expenses, and supply chain challenges. Although there are positive aspects like Black Friday performance and a new share repurchase program, these are overshadowed by negative sales guidance and macroeconomic pressures. The Q&A highlighted potential consumer trade-down behavior and management's vague responses, adding to uncertainties. Given the market cap of $3.8 billion, these issues are likely to result in a negative stock price movement of -2% to -8% over the next two weeks.
