Academy Sports and Outdoors Inc (NASDAQ: ASO) shares fell after reporting disappointing Q1 FY24 earnings. Revenue dropped to $1.36 billion, missing forecasts, with comparable sales down by 5.7%. Adjusted EPS also fell short of expectations, amidst challenging economic conditions impacting consumer spending.
Academy Sports and Outdoors announced an exclusive partnership with DoorDash. This collaboration offers on-demand delivery from Academy's 285 stores across 19 states for the Back-to-School season, allowing customers to receive same-day delivery within an hour through the DoorDash app.