Academy Sports Stock Soars on Earnings Beat and Improved Outlook
Shares of Academy Sports and Outdoors Inc. are soaring in Tuesday premarket trading following the release of stellar first-quarter earnings and a raised outlook for the fiscal year.
For the three months ended May 1, the retailer posted an adjusted income of $182.5 million, or adjusted earnings of $1.89, versus the prior year’s adjusted income of $400,000, or adjusted earnings of 1 cent per share. Wall Street had predicted earnings of 84 cents. Revenues advanced 39.1{482a34b76424617b5d3a0277f042584de6a25db0c4296b01664a4767ca7d299e} to $1.58 billion, compared with consensus bets of $1.51 billion.
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Just before 9 a.m. ET, ASO stock was up 8.5{482a34b76424617b5d3a0277f042584de6a25db0c4296b01664a4767ca7d299e}
America’s Lifestyle Changes Lifting Academy Sports + Outdoors
After a strong first quarter paced by apparel and footwear sales, Academy Sports + Outdoors Inc. anticipates healthy back-to-school and holiday 2021 seasons, and high, single-digit-comp sales for the entire year.
“Halfway through the first quarter in 2020 when COVID-19 was shutting everything down, apparel and footwear really slowed down, but we gained that back,” Ken Hicks, chairman, president and chief executive officer of Academy, told WWD. “The good news is because we stayed open during the pandemic, we were able to understand what was selling and wasn’t selling so that enabled us to place the [right] orders for the
U.S. Olympic Trials TV, live stream schedule on NBC Sports, Peacock
NBC Sports, Olympic Channel: Home of Team USA and Peacock air record coverage of U.S. Olympic Trials for swimming, diving, track and field and gymnastics throughout June.
It includes more than 85 hours, more than 50 of which are in primetime, the most-ever for those combined Olympic Trials.
Swimming: Omaha, Neb.
Wave I — June 4-7
Wave II — June 13-20 (top-seeded swimmers)
Diving: Indianapolis
June 6-13
Track and Field: Eugene, Ore.
June 18-27
Gymnastics: St. Louis
June 24-27
In swimming, the top two per individual event in Wave II are in line to qualify for
WBRZ becomes first-in-nation to offer sports betting network to local TV viewers
BATON ROUGE – WBRZ Plus and sports betting network VSiN announced a first-of-its-kind broadcasting partnership Wednesday.
The partnership makes sports betting shows available to over-the-air television viewers. WBRZ Plus is available with an antenna on channel 2.2, Cox channel 1011, Eatel channel 2 and streaming on WBRZ.com and connected TV devices.
VSiN is a unique sports betting network providing news, analysis and insights that help bettors make informed wagering decisions. VSiN broadcasts originate from sports books at the heart of Las Vegas. Among its commentators seen on WBRZ Plus are Gill Alexander, LSU graduate Matt
Tom Del Beccaro: California’s Newsom is the last of the COVID emperors
Did you see the jam-packed New York City Madison Square Garden basketball game recently with over 16,000 attendees? Or maybe you plan to attend a game at Chicago’s Wrigley Field which is set to open for tens of thousands to enjoy America’s pastime.
As the world reopens, from Italy to Chicago, and the COVID pandemic recedes, our economies are coming to life. Even in places like New York and Illinois, leaders like New York Gov. Cuomo, Illinois Gov. Pritzker, and Chicago’s Mayor Lightfoot have relented.
But not in California.
California is the land where the last of the COVID
Pool Corp, Academy Sports and Outdoors, Callaway Golf Co, OneWater Marine and Vista Outdoor
For Immediate Release
Chicago, IL – June 8, 2021 – Today, Zacks Equity Research discusses Leisure and Recreation including Pool Corporation POOL, Academy Sports and Outdoors, Inc. ASO, Callaway Golf Company ELY, OneWater Marine Inc. ONEW and Vista Outdoor Inc. VSTO.
Link: https://www.zacks.com/commentary/1669339/5-top-stocks-to-buy-from-leisure-recreation-products-industry
The Zacks Leisure and Recreation Products industry continues to benefit from strong demand for recreational products and golf business. The industry participants, which design, market, retail, and distribute products for the outdoor and recreation market, are witnessing robust demand. Moreover, golf manufactures and boating suppliers are gaining from the ongoing coronavirus pandemic.
Further, a rise in fitness