Academy Sports Lifts Outlook As CFO Explains Tariff Measures

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) shares are trading lower on Tuesday.

The company reported second-quarter adjusted earnings per share of $1.94, missing the analyst consensus estimate of $2.16. Quarterly sales of $1.599 billion (+3.3% year over year) missed the Street view of $1.614 billion.

Academy Sports and Outdoors reported that in the second quarter, comparable sales rose by 0.2%.

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“As we head into the back half of the year, we believe momentum is building in the business and we are confident in our strategy and ability to come out of this year better positioned than ever to ...