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 and Outdoors, Inc. reports developments tied to its U.S. sporting goods and outdoor recreation retail business. Company news commonly covers sales trends, comparable sales, earnings releases, store growth, merchandising strategy, and product categories such as outdoor, apparel, sports and recreation, and footwear.
Updates also include management presentations on long-term strategy, loyalty and credit-card program initiatives such as myAcademy Rewards, dividend actions, and capital-structure activity involving senior secured debt. The company’s disclosures frame Academy as an omnichannel retailer using national brands, private label brands, and localized merchandising to serve a broad consumer base.
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.
Academy Sports and Outdoors (ASO) has announced two significant shareholder initiatives. First, the Board of Directors 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. Second, the company 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.
Academy Sports + Outdoors (Nasdaq: ASO) concluded 2024 with five new store openings in Bradenton and Yulee, Florida; Searcy, Arkansas; Meridian, Mississippi; and Corsicana, Texas. The company expanded its footprint with a total of 16 new stores across 10 states in 2024, including its first locations in Ohio. Academy donated over $25,000 to local non-profits in these communities. The stores offer sporting goods, outdoor recreation equipment, apparel, and footwear from national brands and private labels, along with free services like grill assembly and scope mounting.