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Article Date: September 2021
Word Count: 616

Academy Sports Ups Guidance After Record Q2


Net income improved 14% to $190,510,000 in the second quarter from $167,676,000 last year as revenues climbed 12% to a record $1,791,530,000 from $1,606,420,000, including comp stores sales growth of 11.4% on top of 27.0% last year. E-commerce dipped 1%, lapping a 210% increase a year ago, and was up 207% from 2019. Online sales now account for 8.4% of the total, up from 4.1% in Q2 ’19, and more than 50% of sales were BOPIS. ASO launched a mobile shopping app in July, and also improved some website functions, such as search and checkout, aiming to grow the channel ... Log in to view full article.

 


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