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 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.
Academy Sports + Outdoors (ASO) is renewing partnerships with the SWAC, CIAA, and SIAC, emphasizing its support for Historically Black Colleges and Universities (HBCUs) for the third consecutive year. The retailer will continue to provide assistance to HBCU students, athletes, and faculty, while offering a 10% discount to HBCU community members with a valid ID. A new partnership with PMM Agency will enhance HBCU initiatives. Academy also plans to host Homecoming events across several states, celebrating HBCU traditions and engaging consumers with licensed fan gear.
Academy Sports + Outdoors (Nasdaq: ASO) announces the opening of its new store in Jeffersonville, Indiana, marking the third location in the state. The 63,000 square-foot store, part of a plan to open nine new stores this year, will host grand opening events from Oct. 7-9. Customers can expect exclusive deals, giveaways, and a wide assortment of sports merchandise. Academy aims to expand by opening 80 to 100 stores in the next five years, with a focus on providing quality gear and customer service.
Academy Sports + Outdoors has opened its first store in Lexington, Kentucky, marking its sixth location in the state. The new approximately 80,000 square-foot store is located at 3220 Nicholasville Rd. and features a wide range of sports and outdoor merchandise. Academy plans to host a grand opening event from September 30 to October 2, 2022, offering exclusive deals and activities. The company aims to open 80 to 100 new stores in the next five years, reflecting its commitment to expansion and providing affordable options for outdoor and sports enthusiasts.
Academy Sports and Outdoors (ASO) reported a record second quarter EPS of $2.22, marking an 11.6% increase year-over-year. Despite this, net sales decreased 5.8% to $1.69 billion, and comparable sales declined 6.0%. E-commerce sales grew 12.1% and increased double digits for four consecutive quarters. The company reiterated its full-year guidance for net and comparable sales. Cash and equivalents stood at $399.9 million, with $206.4 million returned to shareholders through repurchases and dividends.
Academy Sports and Outdoors, Inc. (ASO) has declared a quarterly cash dividend of $0.075 per share for the fiscal quarter ending July 30, 2022. This dividend will be payable on October 13, 2022, to stockholders of record as of the close of business on September 15, 2022. The company continues to demonstrate its commitment to returning value to shareholders amidst a competitive retail landscape.
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