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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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Academy Sports and Outdoors (ASO) Right Now?

KATY, Texas , Nov. 16, 2023 /PRNewswire/ -- Academy Sports and Outdoors, Inc. ("Academy" or the "Company") (Nasdaq: ASO), a leading full-line sporting goods and outdoor recreation retailer, plans to release its third quarter fiscal 2023 financial results before the market opens on Thursday, November 30, 2023. Academy will host a live conference call that day at 10:00 a.m.

Academy Sports + Outdoors Announces Third Quarter Fiscal 2023 Results Conference Call

The consensus price target hints at a 51.3% upside potential for Academy Sports and Outdoors, Inc. (ASO). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Believe Academy Sports and Outdoors, Inc. (ASO) Could Rally 51.25%: Here's is How to Trade

Is Academy Sports and Outdoors (ASO) Stock Undervalued Right Now?

Sam J. Johnson promoted to President Eric Friederich promoted to Senior Vice President of Retail Operations Michael P. Mullican steps down as President to pursue other personal and professional opportunities KATY, Texas , Oct. 23, 2023 /PRNewswire/ -- Academy Sports and Outdoors, Inc. ("Academy") (Nasdaq: ASO) today announced that, effective on October 23, 2023, Sam J.

Academy Sports + Outdoors Announces President Transition

Academy Sports And Outdoors is a specialty retailer that offers a wide range of sport, outdoor, and recreational goods. Weaker traffic, coupled with a greater promotional environment, is putting significant pressure on both the top and bottom lines. Academy Sports And Outdoors is a shareholder-oriented and cash-flow generative business that is trading at a significant discount to its intrinsic value.

Academy Sports and Outdoors: The Hidden Gem Amid Short-Term Challenges

Academy Sports (ASO) emphasis on store expansion bodes well. The company unveils its 11th store in Missouri.

Academy Sports (ASO) on Expansion Spree, Boosts Presence in MO

The new store will expand Academy's footprint to 11 stores across Missouri KATY, Texas , Oct. 17, 2023 /PRNewswire/ -- Academy Sports + Outdoors ("Academy") (Nasdaq: ASO), a leading full-line sporting goods and outdoor recreation retailer, is excited to announce the opening of its eleventh location in Missouri. Located in Jefferson City, Mo.

Academy Sports + Outdoors Opens New Store in Jefferson City, Mo.

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Academy Sports (ASO) strengthens its market foothold through the inauguration of a sprawling 77,000-square-foot store in Fredericksburg, VA.

Academy Sports (ASO) Expands Virginia Footprint With New Store

The new store marks Academy's second location in Virginia KATY, Texas , Oct. 3, 2023 /PRNewswire/ -- Academy Sports + Outdoors ("Academy") (Nasdaq: ASO), a leading full-line sporting goods and outdoor recreation retailer, is excited to announce the opening of its second location in Virginia. Located in Fredericksburg, Va.

Academy Sports + Outdoors Opens New Store in Fredericksburg, Va.

The sporting goods retailer has committed over $2 million towards HBCUs and has expanded its HBCU discount to include alumni KATY, Texas , Sept. 27, 2023 /PRNewswire/ -- Academy Sports + Outdoors ("Academy") ( Nasdaq: ASO ) is continuing its commitment to support Historically Black Colleges and Universities (HBCUs) throughout its footprint for the fourth consecutive year.

Academy Sports + Outdoors Continues to Celebrate the Tradition and Legacy of HBCU Homecomings

Academy Sports (ASO) opens its first store in Kyle, TX, signifying its focus on an ambitious plan to introduce 120-140 new locations by 2027.

Academy Sports (ASO) Expands in Texas With Kyle Store Opening

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The new Kyle store marks Academy's 109th location in Texas KATY, Texas , Sept. 19, 2023 /PRNewswire/ -- Academy Sports + Outdoors ("Academy") (Nasdaq: ASO), a leading full-line sporting goods and outdoor recreation retailer, is excited to announce the opening of its first store in the Kyle area.

Academy Sports + Outdoors Opens First Kyle Store

Academy Sports (ASO) opens its first store in Brenham, TX, thus stepping forward toward its expansion goal of opening 120-140 new stores by 2027.

Academy Sports (ASO) on Expansion Spree, Sets Foot in Brenham

The new store will grow Academy's footprint to 108 stores across Texas KATY, Texas, Sept. 12, 2023 /PRNewswire/ -- Academy Sports + Outdoors ("Academy") (Nasdaq: ASO), a leading full-line sporting goods and outdoor recreation retailer, is excited to announce the opening of its first store in Brenham, TX.

Academy Sports + Outdoors Opens First Brenham Store

Academy Sports and Outdoors has outperformed the market and is a standout in the retail industry. The company's valuation is cheaper compared to DICK'S Sporting Goods, despite similar gross margins. Academy's revenue growth, earnings per share, and returns on invested capital make it an appealing investment option.

Academy Sports and Outdoors: Still A Rational Buy In A Tough Market Environment

Academy Sports is more like Dick's Sporting Goods than it is like Hibbett, and management hopes to eventually reach a comparable size. Athletic retailers benefit from consistent consumer demand and predictable profitability.

Dick's Sporting Goods, Hibbett, and Academy Sports: Which Is the Best Stock for Investors Right Now?

I reiterate my buy rating due to management's ability to execute on their strategy and meet consumer demands. ASO's management is addressing challenges with big-ticket items by focusing on value and introducing fresh offerings, such as private label products and partnerships with new brands. Sales are expected to stabilize and trend upwards, with improvements seen in July and August, and stronger sales anticipated in the second half of the year. Gross margin is also expected to gradually improve.

Academy Sports and Outdoors: Reiterating Buy As Comp Sales Should Improve From Here

Academy Sports' (ASO) fiscal second-quarter comps reflect lower sales across all merchandise divisions owing to a fall in transactions.

Academy Sports (ASO) Q2 Earnings Beat Estimates, Stock Up

The sports retailer is holding up much better than investors expected in a challenging business environment. Sales are under pressure, but margins are holding up well.

Why Academy Sports and Outdoors Stock Jumped This Week

Although the revenue and EPS for Academy Sports and Outdoors, Inc. (ASO) give a sense of how its business performed in the quarter ended July 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Academy Sports and Outdoors, Inc. (ASO) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Academy Sports (ASO) partners with Fanatics to expand its Licensed Sports Products portfolio.

Academy Sports (ASO) Collabs With Fanatics, Expands Portfolio

Academy Sports and Outdoors, Inc. (NASDAQ:ASO ) Q2 2023 Results Conference Call August 31, 2023 10:00 AM ET Company Participants Matt Hodges - Vice President, Investor Relations Steve Lawrence - Chief Executive Officer Michael Mullican - President Carl Ford - Chief Financial Officer Conference Call Participants Daniel Imbro - Stephens Greg Melich - Evercore Christopher Horvers - JPMorgan Emily Ghosh - Goldman Sachs Alex Perry - Bank of America Anthony Chukumba - Loop Capital Brian Nagel - Oppenheimer Michael Lasser - UBS Seth Basham - Wedbush Jackie Sussman - Morgan Stanley Operator Good morning, ladies and gentlemen, and welcome to the Academy Sports + Outdoors Second Quarter Fiscal 2023 Results Conference Call. At this time, this call is being recorded and all participants are in a listen-only mode.

News for Academy Sports and Outdoors Stock (ASO)