Academy Sports and Outdoors, Inc. (NASDAQ:ASO) gave retail stock traders a reason to cheer early Tuesday, delivering a top- and bottom-line outperformance for its first quarter ended May 2.

Q1 Earnings By The Numbers

The sporting goods retailer reported first-quarter adjusted earnings per share (EPS) of 93 cents, beating Wall Street analyst expectations of 91 cents per share. Net sales rose to $1.442 billion, in line with analyst expectations.

Total sales grew 6.7% year-over-year, supported by a 2.9% jump in comparable store sales and a 17.4% surge in eCommerce revenue. Diluted GAAP EPS climbed 17.6% to 80 cents, while adjusted EPS surged 22.4% compared to the prior-year period.

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Inside Management’s Conservative Optimism

The company attributed the strong quarterly showing to robust operational ...