Welcome to our dedicated page for Academy Sports and Outdoors news (Ticker: ASO), a resource for investors and traders seeking the latest updates and insights on Academy Sports and Outdoors stock.
Academy Sports and Outdoors, Inc. (NASDAQ: ASO) is a premier retailer specializing in sporting goods, outdoor recreation products, and lifestyle apparel. Originally founded in 1938 as a family business in Texas, Academy has flourished into a significant market player with over 285 stores spread across 19 states. The company's mission is encapsulated in its motto, 'Fun for All.'
Academy offers a wide array of products covering key categories such as outdoor gear, sports & recreation equipment, apparel, and footwear. Customers can find top national brands like Nike, adidas, The North Face, YETI, and Carhartt, alongside exclusive private labels such as Magellan Outdoors, Freely, and BCG. The retailer is known for its commitment to providing high-quality products at everyday low prices, making it a go-to destination for active families.
In recent news, Academy has been on an aggressive expansion spree. In 2023, the company opened 14 new stores and is targeting a total of 120 to 140 new stores by the end of 2027. As part of its community outreach, Academy donated over $40,000 to local organizations during these openings. The new stores are designed to offer a localized assortment tailored to meet community needs, featuring grand opening festivities, exclusive deals, and appearances by local sports legends.
Academy Sports + Outdoors also places a strong emphasis on customer convenience. The company offers a variety of in-store services such as grill and bike assembly, scope mounting, line winding/spooling, and propane exchange. Hunting and fishing licenses can also be purchased in stores. The company's e-commerce platform, academy.com, and its mobile app provide customers with additional shopping convenience, complete with digital ads, offers, and email/text alerts.
Financially, Academy continues to show robust performance. The company recently announced its fourth quarter and fiscal 2023 financial results, with a webcast and live conference call scheduled to discuss further details. The company has also entered into an exclusive partnership with DoorDash to offer on-demand delivery from all its stores, ensuring customers can receive their purchases within an hour on average.
Academy Sports + Outdoors is committed to its mission of being a destination for families to find quality products and create lasting memories, whether shopping in-store or online.
Academy Sports and Outdoors (ASO) will host its inaugural Analyst + Investor Event on April 3-4, 2023. The event features a store walk on April 3, followed by a management dinner. On April 4, a presentation of the company's long-range strategy will be conducted at its Katy, Texas headquarters. The presentation will start at 7:30 a.m. Central Time, and a second store tour will be available later for interested attendees. Capacity for in-person attendance is limited and by invitation only. A live webcast of the presentation will be available on the company’s website, with materials posted afterwards.
Academy Sports and Outdoors, Inc. (ASO) reported its fiscal 2022 results, revealing a record GAAP diluted EPS of $7.49 and adjusted diluted EPS of $7.70. However, net sales decreased by 5.6% to $6.40 billion, with comparable sales declining 6.4%. In Q4, GAAP diluted EPS rose to $1.97, a 25.5% increase, while comparable sales dropped 5.1%. The company increased its dividend by 20% and plans to open 13-15 new stores in 2023, anticipating net sales between $6.5 and $6.7 billion. Academy aims for top-line growth amidst economic challenges, with a focus on e-commerce and supply chain improvement.
Academy Sports and Outdoors (ASO) has declared a cash dividend of $0.09 per share for the fiscal quarter ending January 28, 2023, marking a 20% increase from the previous quarter. The dividend will be paid on April 13, 2023, to shareholders recorded by the close of business on March 23, 2023. This decision reflects the company's commitment to returning value to its shareholders amidst its growth strategy, as Academy operates 268 stores across 18 states in the U.S.
Academy Sports and Outdoors, Inc. (ASO) will release its fourth quarter and fiscal 2022 financial results before the market opens on March 16, 2023. A live conference call is scheduled for 10:00 a.m. ET to discuss the results, with access available via phone and webcast. Founded in 1938 in Texas, Academy operates 268 stores across 18 states, focusing on outdoor, apparel, sports & recreation, and footwear products. The retailer aims to provide a localized shopping experience with a broad range of national and private label brands. For further details, visit www.academy.com.
Academy Sports and Outdoors, Inc. (ASO) will open its first store in Lafayette, Indiana, in spring 2023, marking its fourth location in the state. The new store, covering over 60,000 square feet, aims to provide a wide assortment of apparel, footwear, and sporting goods. Academy plans to expand further, targeting 80 to 100 new stores by 2026. This location is also expected to create about 60 new jobs and will offer services like buy online pick-up in store. The company focuses on community engagement through local sports programs and aims to deliver exceptional value and service.
Academy Sports and Outdoors reported a third-quarter diluted EPS of $1.62, decreasing by 5.8% from last year. Net sales fell to $1.49 billion, down 6.2%, with comparable sales declining 7.2%. Despite these declines, e-commerce sales rose 10.5% year-over-year. The company raised its full-year EPS guidance, predicting a diluted EPS between $7.25 and $7.40. During the quarter, Academy opened four new stores, totaling 268 stores overall and projecting 80-100 new openings over the next five years.
Academy Sports and Outdoors, Inc. (ASO) has declared a cash dividend of $0.075 per share for the fiscal quarter ending October 29, 2022. The dividend payment will be made on January 13, 2023, to stockholders who are on record by the close of business on December 20, 2022. This announcement reflects the company's ongoing commitment to return value to its shareholders while maintaining a robust financial position.
Academy Sports and Outdoors, Inc. (ASO) will announce its third quarter fiscal 2022 financial results on December 7, 2022, prior to market opening. The company will host a live conference call at 10:00 a.m. Eastern Time to discuss these results. Interested participants can join by calling 1-877-407-3982 (U.S.) or 1-201-493-6780 (International). A replay will be available for 30 days. Academy, founded in 1938, operates 268 stores across 18 states, focusing on sporting goods and outdoor recreation.
Academy Sports + Outdoors has announced the opening of two new stores in Barboursville, West Virginia, and Pinellas Park, Florida, marking the company's expansion into new markets. The Barboursville location spans over 60,000 square feet, while the Pinellas Park store is 50,000 square feet. Both stores aim to cater to local communities with an extensive range of sports and outdoor merchandise, enhancing Academy's footprint as it targets 80 to 100 new locations in the next five years. Grand opening events will take place from November 18 to 20, 2022, featuring exclusive deals and community activities.
Academy Sports + Outdoors (ASO) announces the opening of its new Meyerland store in Houston, Texas, marking its 33rd location in the Greater Houston area and the 107th in Texas. The 50,000 square-foot store will host grand opening festivities from November 4 to 6, offering exclusive deals and appearances by sports figures. This new location is part of Academy's expansion plan, with intentions to open 80 to 100 new stores over the next five years. Academy aims to provide a convenient shopping experience featuring a wide selection of sports and outdoor merchandise.
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