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 + 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.
Academy Sports and Outdoors, Inc. (NASDAQ: ASO) will participate in the 2022 Goldman Sachs Annual Global Retailing Conference on September 8, 2022, at 2:30 p.m. ET. The event will include a fireside chat featuring Ken Hicks, Chairman and CEO, and Michael Mullican, EVP and CFO. Investors can access the live webcast and replay at investors.academy.com for 30 days post-event. Academy is a prominent U.S. sporting goods retailer with 263 stores across 17 states, emphasizing a value-driven approach to a diverse range of outdoor and sports products.
Academy Sports and Outdoors plans to release its second quarter fiscal 2022 financial results on September 7, 2022, before market opening. A live conference call will be held at 10:00 a.m. ET to discuss these results, available by dialing 1-877-407-3982 (U.S.) or 1-201-493-6780 (International), with a passcode of 13732261. The call will also be accessible via webcast on their website. A replay of the call will be available for 30 days.
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.
FAQ
What is the current stock price of Academy Sports and Outdoors (ASO)?
What is the market cap of Academy Sports and Outdoors (ASO)?
What is Academy Sports and Outdoors, Inc.?
Where is Academy Sports + Outdoors headquartered?
How many stores does Academy Sports + Outdoors operate?
What brands does Academy Sports + Outdoors offer?
Does Academy Sports + Outdoors provide any in-store services?
Can I purchase hunting and fishing licenses at Academy?
How can I shop online at Academy Sports + Outdoors?
What is the latest financial news about Academy Sports + Outdoors?
Does Academy Sports + Outdoors offer on-demand delivery?
How can I stay updated on Academy Sports + Outdoors' latest news?
