Academy Sports CEO Flags Pressure on Lower-Income Shoppers
Academy Sports (ASO) stock surged 11% after beating Q2 earnings estimates with $2.31 EPS and raising its full-year guidance.
Academy Sports did better than expected in the second quarter and raised its goals for the rest of the year, which made investors happy. But the CEO warned that people with less money are spending less right now, so the company needs to watch that carefully.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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