Academy Sports & Outdoors, Inc. Stock Price, News & Analysis

Academy Sports + Outdoors (NASDAQ: ASO) will release its fourth quarter and fiscal 2020 results on March 30, 2021, before market opening. A live conference call to discuss these results is scheduled for 11:00 a.m. ET on the same day. Interested participants can access the call by dialing 1-877-407-3982 (U.S.) or 1-201-493-6780 (International) with passcode 13717292. The call will also be available via webcast on the Company's investor relations website. Additionally, a replay of the call will be accessible for 30 days post-event.

Academy Sports and Outdoors (NASDAQ: ASO) announces the appointment of Tom M. Nealon to its Board of Directors as of March 3, 2021. With over 20 years of experience in retail and consumer sectors, Nealon's expertise spans his roles at Southwest Airlines and J.C. Penney. Academy's Chairman, Ken C. Hicks, expressed confidence in Nealon’s strategic insight to help expand the brand's loyalty and growth strategy nationwide. Academy operates 259 stores across 16 states, focusing on outdoor recreation and sports, with a mission to provide 'Fun for All.'

Academy Sports and Outdoors has priced a secondary offering of 12 million shares at $21.50 each, with proceeds going to selling stockholders, including KKR affiliates. The underwriters also have a 30-day option to purchase an additional 1.8 million shares. No Academy shares are being sold directly. The offering is set to close on February 1, 2021. Credit Suisse, J.P. Morgan, and others are leading the offering. This move is structured under a registration statement declared effective by the SEC.

On January 27, 2021, Academy Sports and Outdoors (NASDAQ: ASO) announced a $150,000 donation to St. Jude Children's Research Hospital, generated through sales of holiday-themed t-shirts. For each shirt sold, 25% of the purchase price was donated to support St. Jude's mission. This initiative involved exclusive designs and was available in all 259 Academy stores and online. Academy's CEO, Ken C. Hicks, emphasized the importance of giving back during challenging times, thanking customers for their support.

Academy Sports and Outdoors (NASDAQ: ASO) announced a secondary offering of 12 million shares by certain stockholders, including Kohlberg Kravis Roberts & Co. The Selling Stockholders are expected to grant underwriters a 30-day option to purchase an additional 1.8 million shares. Academy itself is not selling any shares and will not receive proceeds from the offering. Credit Suisse, J.P. Morgan, KKR Capital Markets, and BofA Securities are managing the offering. A registration statement has been filed with the SEC but is not yet effective.

Academy Sports and Outdoors (ASO) reported robust financial results for Q3 2020, with net sales reaching $1.35 billion, a 17.8% increase year-over-year. Comparable sales rose 16.5%. The company saw net income of $59.6 million, or $0.74 per diluted share, marking a 109% growth. Pro Forma Adjusted Net Income also showed a substantial increase of 188% to $73.7 million. The gross margin improved to 32.7% while SG&A expenses as a percentage of sales decreased. E-commerce sales surged 95.9% compared to the previous year, indicating a strong performance despite challenges.

Academy Sports and Outdoors (NASDAQ: ASO) announced the appointment of Wendy A. Beck to its Board of Directors effective today. Beck, an experienced financial professional, joins Allen I. Questrom and Jeffrey C. Tweedy, who were appointed in October 2020. This brings the total number of board directors to nine. Beck's extensive background includes roles as CFO for several major companies, enhancing the board's expertise in management and finance. The new appointments align with Academy's growth strategy in the retail sporting goods sector.

Academy Sports and Outdoors (NASDAQ: ASO) has announced that it will report its third quarter 2020 financial results on December 10, 2020, before market opening. A live conference call is scheduled for 11:00 a.m. Eastern Time on the same day, accessible via U.S. and international dialing options. The company, a leading retailer in sporting goods and outdoor recreation, operates 259 stores across 16 states, focusing on a strong value proposition and localized merchandising.

Academy Sports and Outdoors, Inc. (NASDAQ: ASO) has announced a private offering of $400 million in 6.000% senior secured notes due 2027. The offering is scheduled to close on November 6, 2020, pending customary conditions. The notes will be secured by various assets and will be guaranteed on a senior secured basis by certain subsidiaries. Proceeds will help reduce the $1,434 million outstanding under its term loan facility. The notes are offered only to qualified institutional buyers and non-U.S. persons in accordance with specific exemptions under existing securities laws.