Academy Sports and Outdoors

Academy Sports & Outdoors, Inc. owns and operates sporting goods and outdoor recreation retail stores. It offers hunting, fishing, and camping equipment and gear, sports and leisure products, footwear, and apparel. The company organizes its merchandise in four divisions: Outdoors, Sports and Recreation, Apparel and Footwear. The company was founded in 1938 by Max Gochman and is headquartered in Katy, TX.

Earnings data Q4 2020

Earnings data Q1 2021

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ASO faces Q1 sales decline but anticipates growth opportunities ahead

ASO's Q1 performance was challenged by declining net sales and adjusted net income. However, the company is focused on leveraging customer preferences and new initiatives for sales improvement in the second half. Despite short-term challenges, management remains committed to the long-term growth strategy and expressed confidence in the team and the company's future.

ASO reports $1.58B in Q2 sales, cautious on marketplace health

ASO's Q2 performance was in line with guidance, with strength in certain product categories and cautious considerations for marketplace health. The company is focused on managing expenses, investing in new initiatives, and maintaining a comfortable margin guide. Back-to-school sales and new partnerships present growth opportunities amidst challenges in the marketplace.

ASO reports Q3 sales decline, focuses on brand strength

ASO's Q3 performance reflects a decrease in sales and challenges in certain divisions, but it also demonstrates strengths in customer engagement and cash flow generation. The company faces challenges in new store openings and supply chain tailwinds, but sees opportunities in brand focus, EBITDA improvement, and customer value delivery.

Academy Sports and Outdoors reports solid earnings amidst growth plans

Academy Sports and Outdoors navigated a challenging macroeconomic environment in 2022 with solid earnings and market share growth. The company's focus on expense management and profitability drove adjusted net income growth despite softer sales.
Despite facing challenges with softer sales and inventory growth, Academy's strengths lie in managing expenses, enhancing inventory productivity, and sustaining gross margin. Opportunities for growth include expanding store base, improving omnichannel capabilities, and strengthening the supply chain.
Looking ahead, Academy is well-positioned to capitalize on growth opportunities through strategic initiatives and a focus on operational efficiency. The company's confidence in future performance and commitment to driving shareholder value underscore its resilience and potential for success.

Academy Sports reports Q1 sales decline but sees gains in market share and plans for growth

Academy Sports and Outdoors faced challenges in sales decline and decreased net income, but saw gains in market share and stable shrink expectations.
Management remains cautious due to macroeconomic pressures but is taking actions to drive business, control expenses, and support growth initiatives.
Opportunities lie in introducing new brands, targeted marketing, and enhancing omni-channel functionality to improve sales in the second half of the year.
Balanced inventory levels, strong cash flow, and focus on value and newness position the company for potential growth and stock buybacks.

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Shares of Academy Sports & Outdoors Inc. ASO, +3.79% edged up 0.1% in premarket trading Monday, even after the sporting goods retailer disclosed that affiliates of Kohlberg Kravis Roberts & Co. L.P. is selling off its entire 18.65 million-share stake to the public.

Academy Sports & Outdoors' largest shareholder KKR to sell off its 20% stake

KATY, Texas, Sept. 13, 2021 (GLOBE NEWSWIRE) -- Academy Sports and Outdoors, Inc. (“Academy”) (NASDAQ: ASO) today announced that certain of its stockholders that are affiliates of Kohlberg Kravis Roberts & Co. L.P. (the “Selling Stockholders”) intend to offer for sale in an underwritten secondary offering 18,645,602 shares of common stock of Academy pursuant to a registration statement filed by Academy with the U.S. Securities and Exchange Commission (the “SEC”). No shares are being sold by Academy. The Selling Stockholders will receive all of the proceeds from this offering.

Academy Sports + Outdoors Announces Secondary Offering of Common Stock and Concurrent Share Repurchase

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Academy Sports (ASO) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

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There is a lot of news from Academy Sports & Outdoors (Academy) that encourages investors to look forward to a strong year's ending.

Academy Sports & Outdoors Reports Strong Second Quarter And Raises Sales Guidance

Academy Sports and Outdoors, Inc. (ASO) CEO Ken Hicks on Q2 2021 Results - Earnings Call Transcript

Academy Sports & Outdoors Inc (NASDAQ: ASO) reported second-quarter FY21 sales growth of 11.5% year-on-year, to $1.79 billion, beating the analyst consensus of $1.66 billion. Gross profit increased 29.4% Y/Y to $642.5 million and the gross margin improved 500 basis points to 35.9%.

Academy Sports & Outdoors Q2 Result Tops Consensus; Plans $500M Stock Buyback

Academy Sports & Outdoors Inc. ASO, -3.85% stock rose 1.4% after the retailer reported second-quarter earnings that Chief Executive Ken Hicks called the "best" in the company's history and raised its full-year guidance. Net income totaled $190.5 million, or $1.99, compared with $167.7 million, or $2.25 per share, last year.

Academy Sports earnings beat expectations, guidance raised

Net Sales Increased 11.5%; 44.8% Growth over Two Years

Academy Sports + Outdoors Announces Record Sales and Earnings for the Second Quarter and Raises 2021 Guidance

Academy Sports and Outdoors, Inc. (ASO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Can Academy Sports and Outdoors, Inc. (ASO) Keep the Earnings Surprise Streak Alive?

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Academy Sports and Outdoors (ASO) second-quarter 2021 results are likely to reflect robust consumer demand across all markets and merchandise divisions.

What's in Store for Academy Sports and Outdoors' (ASO) Q2 Earnings?

KATY, Texas, Aug. 26, 2021 /PRNewswire/ -- Academy Sports and Outdoors, Inc. ("Academy" or the "Company") (NASDAQ: ASO) plans to release its second quarter fiscal 2021 financial results before the market opens on Thursday, September 9, 2021. Academy will host a live conference call that day at 11:00 a.m.

Academy Sports + Outdoors Announces Second Quarter Fiscal 2021 Results Conference Call

Academy Sports and Outdoors has generated significant growth and cash flows over the past year or so. The company has done exceptionally well over the past year plus, driven by a surge in e-commerce and comparable store sales.

Academy Sports And Outdoors Is An Attractive Play On Sports

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KATY, Texas, Aug. 5, 2021 /PRNewswire/ -- Academy Sports and Outdoors, Inc. ("Academy" or the "Company") (Nasdaq: ASO) announced today, effective immediately, the appointments of Sharen J. Turney to its Board of Directors (the "Board"), its Compensation Committee and its Nominating and Governance Committee (the "Governance Committee").

Academy Sports + Outdoors Announces Appointment of Sharen J. Turney to Board of Directors

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Academy Sports and Outdoors, Inc. (ASO) CEO Ken Hicks on Q1 2021 Results - Earnings Call Transcript

News for Academy Sports and Outdoors Stock (ASO)