Academy Sports + Outdoors Announces Record Sales and Earnings for the Fourth Quarter & Fiscal 2020
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Academy Sports & Outdoors Inc. (ASO) PT Raised to 'Street High' $32 at Wells Fargo
March 30, 2021 12:49 PM EDTWells Fargo analyst Tom Nikic raised the price target on Academy Sports & Outdoors Inc. (NASDAQ: ASO) to a 'Street High' $32.00 (from $23.00) while maintaining an Overweight rating following results.
The analyst commented, "Underappreciated momentum coupled with a "self-help" story makes for a compelling... More
Academy Sports and Outdoor (ASO) Tops Q4 EPS by 57c, Revenues Beat; Offers FY21 EPS Guidance Below Consensus
March 30, 2021 8:03 AM EDTAcademy Sports and Outdoor (NASDAQ: ASO) reported Q4 EPS of $1.09, $0.57 better than the analyst estimate of $0.52. Revenue for the quarter came in at $1.6 billion versus the consensus estimate of $1.58 billion.
Net sales increased 16.6% to a record $1.60 billion. Comparable sales increased 16.1%, driven by strong consumer demand across all markets and merchandise divisions, particularly Sports & Recreation.E-commerce sales grew 60.7%, led by an increase in website visits and the continued consumer adoption of new fulfillment... More