Academy Sports & Outdoors, Inc. Stock Price, News & Analysis

Academy Sports + Outdoors (Nasdaq: ASO) has opened its 20th store in Georgia, located in Atlanta at 130 Perimeter Center West. This new 50,200 square-foot store is part of Academy's expansion plan, aiming to open 80 to 100 new locations within five years. The grand opening event will feature giveaways and meet-and-greets with local sports figures. This new outlet will offer top brands and exclusive private label products, continuing Academy's commitment to providing accessible sporting goods.

Academy Sports + Outdoors (Nasdaq: ASO) announces the opening of its first store in Richmond, Virginia, on August 19-21, 2022. This 58,075 square-foot location is the third of nine planned openings for the year. Academy aims to expand significantly, with plans for 80 to 100 new stores over the next five years. The store will feature a variety of sports and outdoor merchandise, including popular brands and exclusive private label offerings. Customers can expect grand opening festivities and special deals.

Academy Sports + Outdoors (Nasdaq: ASO) has opened its 13th store in Florida, located in Panama City. This new 55,000 square-foot store will create approximately 60 jobs and is part of the company's plan to open nine new stores this year, with a goal of expanding by 80 to 100 stores over the next five years. The grand opening event will occur from July 29 to July 31, featuring exclusive deals and activities. The store will offer a wide range of sporting goods and outdoor equipment from renowned brands, alongside Academy’s exclusive product lines.

Academy Sports and Outdoors (Nasdaq: ASO) has appointed Theresa E. Palermo to its Board of Directors, expanding the board to nine members. Palermo, a seasoned marketing and eCommerce executive, brings over 20 years of experience from notable companies like Signet Jewelers and Neiman Marcus. Her appointment is expected to enhance Academy's marketing efforts and eCommerce growth as the company enters a significant growth phase. Academy operates 260 stores across 16 states, focusing on providing diverse sporting goods and outdoor recreation products.

Academy Sports and Outdoors has launched its new private label men's activewear brand, Right of Way (R.O.W.), available online and at all 260 stores. The collection includes shorts, joggers, and polos priced between $19.99 and $34.99. Designed for versatility and comfort, it features moisture-wicking fabrics and hidden pockets. This launch is expected to strengthen Academy's position in the activewear market and complement its existing private label brands.

Academy Sports and Outdoors (Nasdaq: ASO) is set to open its first two locations in the Tampa Bay area, specifically in Pinellas Park and Wesley Chapel. The Pinellas Park store will debut in winter 2022, while the Wesley Chapel location is scheduled for 2023, expanding Academy's presence in Florida to 15 stores. The new locations aim to provide a wide range of sports and outdoor products, create about 120 jobs, and enhance community engagement. Customers can also utilize services like buy online pick-up in store and free shipping on orders over $25.

Academy Sports and Outdoors reported Q1 results with a diluted EPS of $1.69, down from $1.84. Net sales were $1.47 billion, a decrease of 7.1%, while e-commerce sales rose by 18.8%. The company returned $95 million to shareholders through dividends and share repurchases. They opened their first store in two years and plan to launch at least eight more in 2022. Despite challenges, they project FY 2022 net sales of $6.43 to $6.63 billion. Academy announced a new $600 million share repurchase program, raising total availability to $700 million.

Academy Sports and Outdoors (NASDAQ: ASO) announced its participation in the 2022 Evercore ISI Consumer & Retail Conference on June 8, 2022, at 8:45 AM ET. The event will feature a virtual fireside chat with key executives, including CEO Ken Hicks and CFO Michael Mullican. This presentation will be webcast live, with a 30-day replay available on their investor website.

Academy operates 260 stores across 16 states, focusing on outdoor products, apparel, footwear, and sports recreation.

Academy Sports and Outdoors (ASO) declared a quarterly cash dividend of $0.075 per share for the fiscal quarter ending April 30, 2022. This dividend will be payable on July 14, 2022, to stockholders of record as of June 16, 2022. The company's strong commitment to shareholder returns is evident as it continues to distribute dividends while maintaining a solid presence with 260 stores across 16 states. Academy's strategy emphasizes localized merchandising and value propositions.