Academy Sports and Outdoors (ASO) Stock

We also respond to questions from listeners regarding diversification within the S&P 500.

In summary, 2024 was a good year for getting "average" returns in the stock market. This includes companies like Crocs (NASDAQ: CROX), Academy Sports and Outdoors (NASDAQ: ASO), and Universal Display (NASDAQ: OLED). Crocs is considered a low-cost stock, with a price-to-earnings ratio of only 8, while many other stocks have ratios above 20.

With just three weeks left in the year (as of this writing), the S&P 500 is up nearly 27% in 2024. To illustrate how great this gain is, if someone invested $10,000 and gained 27% annually, they'd have over $100,000 in just 10 years.

Academy Sports & Outdoors faces challenges with profitability and sales growth, despite boasting industry-leading metrics and expansion potential. Q3 2024 earnings show declines in net sales, net income, and EPS, with a negative trend persisting year-to-date. The company has improved its balance sheet, reduced leverage, and initiated significant share repurchase programs, indicating financial stability.

Academy Sports and Outdoors' third-quarter fiscal 2024 results are hurt by challenges in October, which proves to be a tough month for the company.

Academy Sports and Outdoors, Inc. (NASDAQ:ASO ) Q3 2024 Earnings Conference Call December 10, 2024 10:00 AM ET Company Participants Brad Morris - Director, Strategic Initiatives Steve Lawrence - Chief Executive Officer Carl Ford - Chief Financial Officer Conference Call Participants Emily Ghosh - Goldman Sachs Robby Ohmes - Bank of America Michael Lasser - UBS Anthony Chukumba - Loop Capital Markets Simeon Gutman - Morgan Stanley Anna Glaessgen - B. Riley Operator Good morning, and welcome to Academy Sports and Outdoors Third Quarter Fiscal 2024 Results Conference Call.

Academy Sports and Outdoors, Inc. (ASO) came out with quarterly earnings of $0.98 per share, missing the Zacks Consensus Estimate of $1.28 per share. This compares to earnings of $1.38 per share a year ago.

Net Sales Decline (3.9)% ; Comparable Sales of (4.9)% GAAP Diluted EPS of $0.92 , or $0.98 Adjusted Diluted EPS 1 Year-to-Date GAAP Operating Cash Flow +29%; Year-to-Date Adjusted Free Cash Flow 1 +67% vs LY Authorizes New $700 Million Share Repurchase Program Plans to Open 20 to 25 New Stores in Fiscal 2025 KATY, Texas, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Academy Sports and Outdoors, Inc. (Nasdaq: ASO) ("Academy" or the "Company") today announced its results for the third quarter ended November 2, 2024. Financial and operational highlights include: Opened 16 stores in fiscal 2024, consistent with plan, including further expansion into Ohio Narrowed fiscal 2024 guidance to Net Sales of $5.89B to $5.94B "We delivered third quarter sales in line with expectations and were encouraged to see an improvement in comp sales trends versus the first half of the year,” said Steve Lawrence, Chief Executive Officer.

ASO's third-quarter 2024 results are likely to indicate dismal comparable sales performance.