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, 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.
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.
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