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Academy Sports narrows FY25 adjusted EPS view to $5.65-$6.15 from $5.60-$6.30

Consensus $5.77. Narrows FY25 revenue view to $6.025B-$6.2B from $6B-$6.265B, consensus $6.11B. “The third quarter performed in-line with our expectations, and led to outperformance across our profit metrics including growth in gross margin, operating profit and net income,” said Carl Ford, Chief Financial Officer. “Based on the results from the first three quarters and the expectations for the remainder of fiscal 2025, we are narrowing the low end of our sales guidance from -3.0% to -2.0% and the high end from +1.0% to flat. Additionally, we have raised the low end of our gross margin guidance to 34.3% from 34.0%. We expect the tax rate for the year to be 23.5%.”

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