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.

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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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KATY, Texas , Aug. 24, 2023 /PRNewswire/ -- Academy Sports and Outdoors, Inc. (the "Company") (Nasdaq: ASO) today announced its participation in the following upcoming investor conferences: 2023 Goldman Sachs Annual Global Retailing Conference Format: Fireside chat and small group meetings on September 12-13, 2023 Fireside Chat Presentation: Tuesday, September 12, 2023, at 8:55 a.m. Eastern Time Participants: Steve Lawrence, CEO; Michael Mullican, President; and Carl Ford, CFO 2023 Wells Fargo 6th Annual Consumer Conference Format: Fireside chat and small group meetings on September 20-21, 2023 Fireside Chat Presentation: Wednesday, September 20, 2023, at 3:40 p.m.

Academy Sports + Outdoors Announces Participation in Upcoming Investor Conferences

Academy Sports (ASO) focuses on the establishment of new stores to drive growth. The company has announced the opening of its first store in the Indianapolis area.

Academy Sports (ASO) Expands in Indiana With New Store Opening

The new Westfield/Carmel store marks Academy's fifth location in Indiana KATY, Texas , Aug. 22, 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 Indianapolis area. Located at 1960 East Greyhound Pass in Westfield, the approximately 75,000-square-foot store brings a wide assortment of sports and outdoors merchandise to the area.

Academy Sports + Outdoors Opens First Indianapolis-area Store

KATY, Texas , Aug. 17, 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 second quarter fiscal 2023 financial results before the market opens on Thursday, August 31, 2023. Academy will host a live conference call that day at 10:00 a.m.

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

The area's first Academy store will become the go-to destination for apparel, footwear, hunting, fishing, outdoor cooking, camping, and team sports equipment KATY, Texas , July 25, 2023 /PRNewswire/ -- Academy Sports and Outdoors, Inc. ("Academy") (Nasdaq: ASO), a leading full-line sporting goods and outdoor recreation retailer whose mission is to provide "Fun for All", will open its first location in Fredericksburg, Va. in the fall of 2023.

Academy Sports + Outdoors continues new store expansion with first location in Fredericksburg, Virginia

ASO 1Q23 performance was disappointing, with adjusted EPS and revenue below consensus estimates, leading to lowered FY23 projections. I maintain a buy rating for ASO, expecting the company to adapt to changing consumer preferences and provide more value to customers. Stock price movement is likely to track how successful is management in executing initiatives.

Academy Sports and Outdoors: Staying Positive On Management's Ability To Execute Its Strategy

Academy Sports (ASO) announces the opening of two new stores in Central Texas.

Academy Sports (ASO) Expands Domestic Footprint With New Stores

The new stores will grow Academy's footprint to 109 stores across Texas KATY, Texas , July 18, 2023 /PRNewswire/ -- Academy Sports and Outdoors, Inc. ("Academy") (Nasdaq: ASO), a leading full-line sporting goods and outdoor recreation retailer whose mission is to provide "Fun for All", will open two locations in Central Texas this fall in Brenham and Kyle, Texas. The Brenham store will stand at over 63,000 square feet, and the Kyle store will be approximately 56,000 square feet.

Academy Sports + Outdoors grows Central Texas store presence with new locations in Brenham and Kyle, Texas

Carl Ford has been appointed EVP and Chief Financial Officer of Academy Sports + Outdoors (ASO).

Academy Sports + Outdoors Has A New CFO.

KATY, Texas , July 11, 2023 /PRNewswire/ -- Academy Sports + Outdoors, Inc. ("Academy" or the "Company") (Nasdaq: ASO) today announced that Carl Ford has been promoted to Executive Vice President and Chief Financial Officer effective July 12, 2023, succeeding Michael Mullican, who recently transitioned to President.  In his new role, Mr.

Academy Sports + Outdoors Announces Promotion of Carl Ford to Executive Vice President and Chief Financial Officer

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Academy Sports (ASO) focuses on the establishment of new stores to drive growth. The company unveils a new store in Peoria, IL.

Academy Sports (ASO) Boosts Presence With New Store Opening

The new store marks Academy's second location in Illinois KATY, Texas , July 5, 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 Peoria area. Located at 7611 North Grand Prairie Dr., the over 60,000-square-foot store brings a wide assortment of sports and outdoors merchandise to the area.

Academy Sports + Outdoors Opens New Store in Peoria, Ill.

Academy Sports and Outdoors is well-positioned for future growth through store expansion and omnichannel delivery experiences. The company plans to open 13-15 new stores in 2023 and 120-140 new stores by 2027, boosting its top-line and bottom-line growth. Despite a 25% share price drop since April, ASO's cheap valuation and strong fundamentals make it a compelling buy opportunity.

Academy Sports and Outdoors: Long-Term Compounder Supported By Strong Fundamentals

The reorganization is complete at Academy Sports & Outdoors.

Academy Sports & Outdoors Promotes Matt McCabe To EVP And CMM

KATY, Texas , June 22, 2023 /PRNewswire/ -- Academy Sports + Outdoors, Inc. ("Academy" or the "Company") (Nasdaq: ASO) today announced that Matt McCabe has been promoted to Executive Vice President and Chief Merchandising Officer effective June 25, 2023, succeeding Steve Lawrence, who recently transitioned to Chief Executive Officer. Mr. McCabe will report directly to Mr.

Academy Sports + Outdoors Announces Promotion of Matt McCabe to Executive Vice President and Chief Merchandising Officer

Academy to serve as a Proud Partner of the Indianapolis Colts as part of expansion into metro area Flag Raising Ceremony to be held at Westfield-Carmel site on Wednesday, June 28 KATY, Texas , June 21, 2023 /PRNewswire/ -- Academy Sports and Outdoors, Inc. ("Academy") (Nasdaq: ASO), a leading full-line sporting goods and outdoor recreation retailer whose mission is to provide "Fun for All", will continue its new store expansion by opening its first two locations in Greater Indianapolis this fall with stores in Westfield-Carmel and Avon. The approximately 75,000-square-foot Westfield-Carmel store will be Academy's fifth in Indiana, while the approximately 60,000-square-foot Avon store will be Academy's sixth in the state.

Academy Sports + Outdoors expands into Greater Indianapolis with new stores in Westfield-Carmel and Avon, Ind.

Academy Sports and Outdoors trades at just over 6.0x free cash flow per share. The company is a high-quality sporting goods retailer with exposure to favorable macroeconomic tailwinds. Management has a proven track record of success and believes they can grow revenue by 50% over the next four years.

Academy Sports and Outdoors: Cheap, Growing, And Poised To Triple

After a sharp downturn in share prices, the bottom is in for Academy Sports + Outdoors NASDAQ: ASO. The chart suggests some were surprised by the weakness, but a more significant portion of the market expected much worse.

Academy Sports + Outdoors Looks Hot For A Summer Rebound

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

Here's What Key Metrics Tell Us About Academy Sports and Outdoors, Inc. (ASO) Q1 Earnings

Academy Sports and Outdoors, Inc. (NASDAQ:ASO ) Q1 2023 Earnings Conference Call June 6, 2023 10:00 AM ET Company Participants Matt Hodges - VP, IR Ken Hicks - Executive Chairman Steven Lawrence - CEO Michael Mullican - EVP, CFO Conference Call Participants Brian Nagel - Oppenheimer & Co. Kate McShane - Goldman Sachs Robert Ohmes - BAML Michael Lasser - UBS Christopher Horvers - JP Morgan Greg Melich - Evercore ISI Jackie Sussman - Morgan Stanley Kate Fitzsimons - Wells Fargo Anthony Chukumba - Loop Capital Markets Daniel Imbro - Stephens Seth Basham - Wedbush Securities Operator Good morning, ladies and gentlemen and welcome to the Academy Sports and Outdoor's First Quarter Fiscal 2023 Results Conference Call. At this time, this call is being recorded and all participants are in a listen-only mode.

Academy Sports and Outdoors, Inc. (ASO) Q1 2023 Earnings Call Transcript

Sales were $1.4 billion compared to last year's $1.5 billion a 5.7% drop.

Academy Sports & Outdoors First Quarter 2023 Report

Academy Sports and Outdoors, Inc. (ASO) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Down -19.92% in 4 Weeks, Here's Why You Should You Buy the Dip in Academy Sports and Outdoors, Inc. (ASO)

Academy Sports and Outdoors, Inc. (ASO) came out with quarterly earnings of $1.30 per share, missing the Zacks Consensus Estimate of $1.58 per share. This compares to earnings of $1.73 per share a year ago.

Academy Sports and Outdoors, Inc. (ASO) Misses Q1 Earnings and Revenue Estimates

First Quarter GAAP Diluted EPS of $1.19, or $1.30 Adjusted Diluted EPS Net Sales Decline 5.7%; Comparable Sales Decline 7.3% Company Opens One New Store During Q1; Plans to Open 13 to 15 in 2023 KATY, Texas, June 06, 2023 (GLOBE NEWSWIRE) -- Academy Sports and Outdoors, Inc. (Nasdaq: ASO) ("Academy" or the "Company") today announced its financial results for the first quarter ended April 29, 2023. Executive Chairman, Ken Hicks commented, "Our first quarter results were below our expectations for sales and profit as they were impacted by the ongoing macro-economic pressures on customers, unfavorable weather as well as strong comparisons in our hunting business last year.

News for Academy Sports and Outdoors Stock (ASO)