Academy Sports and Outdoors up after lower-than-expected drop in same store sales

Shares of sporting goods retailer Academy Sports and Outdoors ASO.O up 2% at $48.50 premarket

ASO reports a smaller-than-expected drop in same store sales for Q4, according to data compiled by LSEG

Co also beats Q4 adjusted profit estimates, and reports sales in line with expectations

However, annual sales and adjusted profit forecasts are largely below estimates

ASO fell 17.3% YTD, as of last close