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Article Date: September 2024
Word Count: 591

Academy Sports Cuts Guidance after Sales Slip in Q2


Net income declined 9% in the second quarter to $142,588,000 from $157,075,000 as a -6.4% comp more than offset the additional revenue from new stores, sending total sales down 2% to $1,548,980,000 from $1,583,077,000 a year ago. Comp transactions fell 7.4% but average ticket was 0.5% higher. While store traffic was pressured in the quarter, e-commerce was a bright spot, growing 30 basis points to 9.7% of the top line, helped by the new partnership with DoorDash that is already accretive to online sales. The My Academy Rewards membership program launched ... Log in to view full article.

 


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