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Academy Sports Faces Headwinds, Plans Recovery Strategies

Published 2 days, 18 hours ago
Description

Academy Sports Q4 results missed expectations, with revenue at $1.72B vs. $1.76B forecast, and EPS at $1.97 vs. $2.05. Same-store sales dropped 1.6% YoY. Inflation on imported goods and winter storms impacted sales, but promotions boosted gross margins. Shares fell from $56.51 to $52.69. Academy Sports plans to launch a new loyalty program, open more stores, and enhance digital tools to drive e-commerce growth.

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