Comparable SalesA sustained inflection into positive comps proves elusive as May comps decelerate to -LSD% again, despite the Jordan brand launch and new store expansion.
Sales PerformanceASO reported 1Q25 adj. EPS of $0.76, below the consensus estimate of $0.90, and the company lowered FY25 guidance at the midpoint.
Traffic DeclineOverall traffic is down by 5.2%, with traffic outside of Quintiles 4 & 5 falling significantly, indicating potential challenges with the core customer.