Academy Sports + Outdoors Opens First Indianapolis-area Store

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Academy Sports + Outdoors opens new store in Westfield, Indiana

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• Academy plans to open 13-15 stores this year and a total of 120-140 new stores by the end of 2027

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• None.

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 will host grand opening festivities from Friday, August 25 through Sunday, August 27. Throughout the weekend, customers can look forward to exclusive deals and giveaways, special appearances by Indianapolis Colts defensive tackle Grover Stewart, renowned competitive eating professional and Indianapolis local Joey Chestnut, Indiana Fever point guard Grace Berger, Major League Fishing pro angler and Indianapolis native Jacob Wheeler, and more.

This marks the third store Academy has opened in 2023. This fall, Academy will also open the state's sixth store in Avon, Ind. Academy plans to continue its expansion efforts with the goal of opening 13 – 15 stores this year, and a total of 120 to 140 new stores by the end of 2027.

"As Academy Sports + Outdoors expands into Indy, we are thrilled to embrace the sports and outdoors passions of the entire community. Here in the Amateur Sports Capital of the World, our wide assortment of beginner to professional gear will help the community continue to embrace their passions and find new ones too," said Sam Johnson, Academy's Executive Vice President of Retail Operations. "Whether you're looking for a Colts jersey, a deer stand or a new basketball goal, we have something for every member of the family. We look forward to providing the best sports and outdoors equipment, at a great value, to enhance your family fun."

A Proud Partner of the Indianapolis Colts, Academy collaborated with the team during training camp to thank Westfield High School teachers with a sideline experience and gift cards from Academy. Both Academy and the Colts look forward to continuing to make a positive impact on the Indy community through additional events, digital content, and social media collaborations. Colts fans can find tailgating essentials, licensed apparel and novelty items both in store and online.

Customers can also expect to find the best assortment of athletic and casual shoes, sports and outdoors equipment, and clothing from top, national brands such as Nike, adidas, Carhartt, Titleist, Shimano, YETI, Brooks, The North Face and more. Academy also offers tremendous everyday value and quality through its exclusive, private label brands such as Magellan Outdoors, Freely, R.O.W., BCG, H2OX, Redfield, Mosaic, and O'Rageous, which cover outdoor apparel and equipment, women's and men's apparel, workout attire, fishing equipment, hunting optics, and accessories, outdoor furniture, and water gear, respectively.

The new Westfield/Carmel location is a fun destination where customers can find sleeping bags and tents for an upcoming camping trip, gear for fall sports from football to volleyball, and everything from grills to games to create a backyard oasis. Academy offers free services such as grill and bike assembly, scope mounting, bore sighting, and line winding/spooling. Customers can also purchase hunting and fishing licenses in the store.

For more information regarding the grand opening deals and events text WESTFIELD to 22369 or visit academy.com/westfield. Customers are invited to shop online at academy.com or through Academy's mobile app, receive digital ads and offers, engage with Academy's social media accounts (@academy) and follow us on TikTok (@academysports), sign up for email/text alerts, and watch out for information on upcoming grand opening events.

Individuals interested in careers at Academy can visit careers.academy.com to apply for open positions.

About Academy Sports + Outdoors
Academy is a leading full-line sporting goods and outdoor recreation retailer in the United States. Originally founded in 1938 as a family business in Texas, Academy has grown to 271 stores across 18 states. Academy's mission is to provide "Fun for All" and Academy fulfills this mission with a localized merchandising strategy and value proposition that strongly connects with a broad range of consumers. Academy's product assortment focuses on key categories of outdoor, apparel, sports & recreation and footwear through both leading national brands and a portfolio of private label brands. For more information, visit www.academy.com.

Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on Academy's current expectations and are not guarantees of future performance. Forward-looking statements are usually identified by or are associated with such words as "intends," "will," "plan," "believe," "expect," "may," and/or the negatives or variations of these terms or similar terminology. Actual results may differ materially from these expectations due to changes in global, regional, or local economic, business, competitive, market, regulatory and other factors, many of which are beyond Academy's control. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in Academy's filings with the U.S. Securities and Exchange Commission (the "SEC"), including Academy's Annual Report on Form 10-K under the caption "Risk Factors," as may be updated from time to time in our periodic filings with the SEC. Any forward-looking statement in this press release speaks only as of the date released. Academy undertakes no obligation to publicly update or revise any forward-looking statement, except as may be required by any applicable securities laws.

Media Contact: Shane Carlisle, Public Relations Manager, shane.carlisle@academy.com

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SOURCE Academy Sports + Outdoors