Academy Sports and Outdoors, Inc. (NASDAQ:ASO) on Tuesday posted upbeat earnings for its first quarter ended May 2.

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.

"We were pleased with the continued improvement in our results in first quarter, with total sales up 6.7%, driven by increases in both traffic and average ticket," stated Steve Lawrence, CEO. "Based on our first quarter performance, we are raising the low end of our full-year guidance."

Academy raised its full-year GAAP EPS guidance from its previous $5.65–$6.15 range up to $5.95–$6.35. Analysts currently expect $6.05.

Academy Sports raised ...