Welcome to our dedicated page for Academy Sports & Outdoors news (Ticker: ASO), a resource for investors and traders seeking the latest updates and insights on Academy Sports & Outdoors stock.
Academy Sports & Outdoors, Inc. (ASO) delivers quality sporting goods and outdoor recreation products through 250+ U.S. stores and digital platforms. This page provides investors and industry observers with essential updates on corporate developments, financial performance, and strategic initiatives.
Access timely updates including quarterly earnings reports, partnership announcements, store expansions, and product line developments. Our curated news collection simplifies tracking ASO's market position within the competitive sports retail sector.
Key coverage of operational milestones includes merchandising strategy shifts, supply chain enhancements, and leadership updates. All content is verified for accuracy and presented in compliance with financial disclosure standards.
Bookmark this page for streamlined access to ASO's latest press releases and market-moving developments. Check back regularly for neutral, factual reporting tailored for investment research and industry analysis.
Academy Sports + Outdoors (Nasdaq: ASO) has announced a new national partnership with Boys & Girls Clubs of America to enhance sports accessibility in underserved communities across the country. The initiative will support over 5,400 Clubs serving more than 3 million young people annually.
Through this collaboration, Academy will provide 'Intro to Sport' kits containing seasonal sports equipment and coaching instructions. The company will also host shopping sprees at local Boys & Girls Clubs throughout the year, offering back-to-school essentials, holiday gifts, and sports gear.
The partnership launched with shopping sprees during Academy's new store celebrations, featuring NFL linebacker Micah Parsons in Harrisburg and University of Pittsburgh running back Juelz Goff in York, Pennsylvania, each taking 100 children shopping.
Academy Sports + Outdoors (Nasdaq: ASO) has announced a multi-year partnership with Babe Ruth League, becoming their Official Sporting Goods Retailer starting in 2025. The collaboration aims to support youth baseball and softball development across the country.
Through this partnership, Babe Ruth League athletes, coaches, and families will receive exclusive benefits and access to high-quality sporting goods, equipment, and apparel from Academy. The initiative includes equipment support and special promotions to ensure young athletes have necessary resources.
The partnership aligns with Academy's commitment to supporting local communities and increasing youth sports participation. Babe Ruth League currently serves more than one million players nationwide, focusing on skills development, sportsmanship, and fair play.
Academy Sports and Outdoors (Nasdaq: ASO) has announced its participation in the upcoming J.P. Morgan Retail Roundup Conference in New York from April 2-3, 2025. CEO Steve Lawrence and CFO Carl Ford will engage in a fireside chat on April 2, 2025, at 8:00 a.m. Eastern Time.
The event will be accessible through a live webcast, with a 30-day replay available on the company's investor relations website at investors.academy.com. Academy, established in 1938 as a family business in Texas, has expanded to over 300 stores across 21 states, focusing on outdoor, apparel, sports & recreation, and footwear categories through national and private label brands.
Academy Sports + Outdoors (Nasdaq: ASO) has reached a significant milestone by surpassing 300 stores, marking its entry into Pennsylvania and Maryland with new locations in York, Harrisburg, and Hagerstown. The company has also opened a store in Kansas City, Mo., with another planned in Charlotte, N.C.
The retailer plans to open 20-25 new stores in fiscal 2025, expanding its presence to 21 states. This follows the company's successful expansion in 2023 and 2024, during which they opened 14 and 16 new stores respectively. The five new stores are expected to create approximately 300 jobs across their local communities.
Each store offers a comprehensive range of sporting goods, including apparel, footwear, sports equipment, and outdoor gear from leading national brands and private labels such as Magellan Outdoors, Freely, and R.O.W. The company also provides free services like grill and bike assembly, scope mounting, and propane exchange.
Academy Sports + Outdoors (ASO) reported its Q4 and fiscal 2024 results, showing a -3.0% decline in comparable sales, though marking a 190 basis point improvement from Q3 2024. The company achieved Q4 diluted GAAP EPS of $1.89, exceeding the midpoint of updated guidance.
Key announcements include the launch of Jordan Brand in 145 stores and online starting late April, and an 18% increase in quarterly dividend to $0.13 per share. Academy opened 5 new stores in Q4, totaling 16 new locations in 2024, with plans to open 20-25 new stores in 2025.
The company expects Q1 2025 to be challenging due to store openings and Jordan floor set transition, with improvements anticipated from Q2 onward. Management remains focused on growth strategies including new store openings, omnichannel experience enhancement, and supply chain optimization.
Academy Sports and Outdoors (Nasdaq: ASO) has announced an increase in its quarterly cash dividend. The company's Board of Directors declared a quarterly dividend of $0.13 per share for the fiscal quarter ended February 1, 2025, representing an 18% increase from the previous quarterly payment.
The dividend will be payable on April 17, 2025, to stockholders of record as of the close of business on March 25, 2025.
Academy Sports + Outdoors (Nasdaq: ASO) has announced the appointment of Sumit Anand as Executive Vice President and Chief Information Officer. In his new role, Anand will be responsible for overseeing all enterprise technology operations, including cybersecurity, IT infrastructure and operations, and IT shared services that support the company's corporate, distribution center, and retail initiatives.
Anand brings significant experience from his previous positions, including roles as Chief Information Officer and Head of Strategy at At Home in Dallas, and as Senior Vice President of Business and Technology Transformation at Signet Jewelers. He also held leadership positions at Accenture. Anand, who joined Academy in March 2025, reports directly to CEO Steve Lawrence.
Academy Sports and Outdoors (Nasdaq: ASO) has scheduled its fourth quarter and fiscal 2024 financial results announcement for Thursday, March 20, 2025, before market opening. The company will host a conference call at 10:00 a.m. Eastern Time to discuss the results.
Investors can access the live call by dialing 1-877-407-3982 (U.S.) or 1-201-493-6780 (International) using passcode 13751956. A webcast will be available on investors.academy.com. A replay of the call will be accessible for approximately 30 days via phone (1-844-512-2921 U.S., 1-412-317-6671 International) using the same passcode, and the webcast recording will be archived on the company's investor website.
Academy Sports + Outdoors (ASO) reported third quarter 2024 results with net sales declining 3.9% to $1.34 billion and comparable sales falling 4.9%. The company's net income decreased 34.2% to $65.8 million, with diluted EPS of $0.92. Despite challenges, the Outdoor division saw a 7% sales increase, and the company opened 16 new stores in fiscal 2024.
The company narrowed its fiscal 2024 guidance, projecting net sales between $5.89B and $5.94B. The Board authorized a new $700 million share repurchase program and declared a quarterly dividend of $0.11 per share. Academy plans to open 20-25 new stores in fiscal 2025, representing approximately 7.5% annual unit growth.
Academy Sports and Outdoors (Nasdaq: ASO) has announced two significant shareholder initiatives. The company's Board of Directors has approved a new $700 million share repurchase program, replacing the previous program which had $423 million remaining. The new program will be effective from December 4, 2024, for three years. Additionally, the Board declared a quarterly cash dividend of $0.11 per share for the fiscal quarter ended November 2, 2024, payable on January 15, 2025, to stockholders of record as of December 18, 2024.
