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 + 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.
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.