Academy Sports第四季度:EPS优于预期,销售同比下降3%,预计第一季度艰难,但押注2025年后期反转

财报速递
03-21
周四,Academy Sports and Outdoors, Inc.(纳斯达克:ASO)报告第四季度调整后每股收益为1.96美元,超出市场预期的1.83美元。季度销售额为16.76亿美元,同比下降6.6%,微差低于分析师预期的16.77亿美元。季度可比销售下降3%,而去年同期下降了3.6%。公司在第四季度开设了五家新店,2024年总计开设16家新店。到2025年,公司计划开设20至25家新店。报告季度调整净收入为1.388亿美元,同比下降17.5%。 毛利率从去年同期的33.3%收缩至本季度的32.2%。季度调整后EBITDA总计为2.1166亿美元,低于去年的2.5515亿美元。公司以现金及等价物28,893万美元结束本季度。截止本季度末,商品库存为13.08亿美元。长期债务(净)为4.8268亿美元,而截至2024年2月3日为4.8455亿美元。 公司于3月6日宣布季度现金股息为每股普通股13美分,比上一季度增长了18%。股息将于4月17日支付。 展望未来:公司预计2025财政年度净收入在60.90亿至62.65亿美元之间,比预期的62.4亿美元略低。公司预计调整后每股收益在5.75至6.20美元之间,而市场预期为6.45美元。公司执行副总裁兼首席财务官Carl Ford表示:“自第二季度以来,我们在可比销售上看到连续改善,预计这种趋势将持续到2025年。”此外,公司预期第一季度料将是销售和每股收益角度最具挑战性的,因为公司计划开设五家新店并过渡到新Jordan销售楼层。公司进一步期望内部举措自第二季度开始将正面影响业绩。

以上内容来自Benzinga Earnings专栏,原文如下:

On Thursday, Academy Sports and Outdoors, Inc. (NASDAQ:ASO) reported fourth-quarter adjusted earnings per share of $1.96, beating the street view of $1.83. Quarterly sales of $1.676 billion (down 6.6% year over year) missed the analyst consensus estimate of $1.677 billion by a hairline.

Comparable sales declined 3% in the quarter under review, compared with a 3.6% dip in the year-ago period.

Academy opened five new stores during the fourth quarter for a total of 16 new stores in 2024. In 2025, the company plans on opening 20 – 25 new stores.

Adjusted net income in the quarter under review totaled $138.8 million, down 17.5% year over year.

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The gross margin in the quarter under review contracted to 32.2% from 33.3% in the year-ago period. Quarterly adjusted EBITDA totaled $211.66 million, down from $255.15 million a year ago.

The company exited the quarter with cash and equivalents worth $288.93 million. Merchandise inventories at the end of the quarter were $1.308 billion.

Long-term debt (net) as of quarter end was $482.68 million, compared with $484.55 million at the end of February 3, 2024.

On March 6, Academy Sports declared a quarterly cash dividend of 13 cents per share of common stock, marking an 18% increase from the previous quarter. The dividend will be payable on April 17.

Outlook: Academy Sports projects FY25 net revenues between $6.090 billion and $6.265 billion, compared with $6.240 billion estimate. The company expects adjusted EPS in the range of $5.75 to $6.20, compared to the $6.45 estimate.

“We have seen sequential improvements in comp sales since the second quarter and we anticipate that will continue into 2025,” said Carl Ford, Executive Vice President and Chief Financial Officer. 

Also, the company expects the first quarter to be the most challenging from a sales and earnings per share perspective as it plans to open five stores and transition to the new Jordan floor set. The company further expects its internal initiatives to start positively impacting results beginning in the second quarter.

Price Action: ASO shares are trading higher by 0.32% to $47.72 at last check Thursday.

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Photo via Shutterstock.

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