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

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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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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.

Academy Sports + Outdoors Reports First Quarter 2023 Results

Academy Sports and Outdoors (ASO) first-quarter 2023 results are likely to reflect inflation and supply-chain disruptions.

What Awaits Academy Sports and Outdoors (ASO) in Q1 Earnings?

Academy Sports has dropped nearly 30% in the past few weeks. The specialty retailer operates in a massive market and continues to see multiple growth opportunities. The current valuation is very cheap as it is meaningfully discounted compared to other sports retailers.

Academy Sports and Outdoors: Recent Drop Seems Exaggerated

Academy Sports and Outdoors, Inc. (ASO) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Academy Sports and Outdoors, Inc. (ASO) Expected to Beat Earnings Estimates: Should You Buy?

Academy Sports (ASO) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Earnings Season Could Be Great for Academy Sports (ASO)

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Academy Sports and Outdoors Stock Lined Bears Pockets

KATY, Texas , May 23, 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 first quarter fiscal 2023 financial results before the market opens on Tuesday, June 6, 2023. Academy will host a live conference call that day at 10:00 a.m.

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

The throwback designs are available for a limited time online and in stores at Academy KATY, Texas , May 22, 2023 /PRNewswire/ -- Academy Sports + Outdoors, Inc. ("Academy") (Nasdaq: ASO) today announced it is kicking off the summer with the launch of its first-ever retro collection, a tribute to the summers of the 90s. The sports and outdoors retailer has been providing summer fun to families for over 40 years and looked to its archives for inspiration.

Academy Sports + Outdoors Steps Back in Time with 90's Retro Collection: Designed for an Americana Summer

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Outdoor Retail Stock Seeing Technical Headwinds

Apparel and sporting goods name Academy Sports and Outdoors (ASO) is in the midst of a pullback. The shares' recent drop is looking like an ideal entry point for contrarians, especially as ASO nears a historically bullish trendline.

Sporting Goods Stock Ready To Run Higher

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.

Will Academy Sports and Outdoors, Inc. (ASO) Beat Estimates Again in Its Next Earnings Report?

Ken Hicks, Chairman President and CEO transitions to Executive Chairman of the Board of Directors.

Academy Sports & Outdoors Announced Planned Leadership Succession

Ken C. Hicks to transition to Executive Chairman on June 1, 2023 Steven P. Lawrence to become Chief Executive Officer and Director Michael P.

Academy Sports + Outdoors Announces Planned Leadership Succession

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 , April 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 Peoria, IL in the summer of 2023. This is Academy's second location in Illinois which is set to open in Grand Prairie Plaza and will be over 60,000 square feet.

Academy Sports + Outdoors continues new store expansion with first location in Peoria, Illinois

Academy Sports and Outdoors: Business Fundamentals And Outlook Turning For The Better.

Academy Sports and Outdoors: Business Fundamentals And Outlook Turning For The Better

Academy Sports and Outdoors: Growth And Fundamentals

KATY, Texas, April 18, 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 Lafayette area. Located at 100 S. Creasy Ln., the approximately 60,000-square-foot store brings a wide assortment of sports and outdoors merchandise to the area. Academy will host grand opening festivities from Friday, April 21 through Sunday, April 23. Throughout the weekend, customers can look forward to exclusive deals and giveaways, and take advantage of great prices.

News for Academy Sports and Outdoors Stock (ASO)