10:39 AM EDT, 06/10/2025 (MT Newswires) -- Academy Sports and Outdoors ( ASO ) on Tuesday widened its full-year earnings guidance to factor in potential economic headwinds, as the sporting goods retailer delivered disappointing first-quarter results.

For fiscal 2025, the company now expects adjusted earnings per share between $5.45 and $6.25, compared with its previous outlook of $5.75 to $6.20. Wall Street is projecting non-GAAP EPS of $5.94, compared with the previous year's $6.02.

The company is guiding full-year revenue of $5.97 billion to $6.27 billion, lowering the bottom end of the prior range from $6.09 billion. The consensus is for sales to rise to $6.14 billion from the previous year's $5.93 billion. Comparable sales are now expected to be down 4% to up 1% versus its previous forecast of down 2% to up 1%, while analysts are looking for a 0.4% decline.

"We are updating our fiscal 2025 guidance range to account for a wider range of scenarios as we move forward in this uncertain demand environment," Chief Financial Officer Carl Ford said in a statement. "We remain confident in our strategic initiatives and their progress to date, which has allowed us to maintain the high end of our guidance as we drive toward positive comps."

The outlook accounts for downside risks from inflation and tariffs, the company said. Trade discussion between US and Chinese officials reportedly continued on Tuesday in the UK. Previously, the two sides accused each other of violating their preliminary trade deal reached in May.

For the fiscal first quarter ended May 3, adjusted EPS fell to $0.76 from $1.08 a year earlier, below the FactSet-polled consensus of $0.89. Revenue fell 0.9% year over year to $1.35 billion, while analysts projected an improvement to $1.37 billion.

Comparable sales fell 3.7%, compared with the Street's view of a 3.1% decline.

"We saw sequential improvement across each month of the quarter, despite a choppy macro-economic backdrop, which resulted in a positive comp in April," Chief Executive Steve Lawrence said. "Moving forward, we are balancing our optimism about our strategic initiatives against the uncertain environment that our customers will face in the back half of the year."

Shares of the company were up 3.3% intraday Tuesday.

Price: 46.49, Change: +2.12, Percent Change: +4.77