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 and Outdoors (ASO) reported strong financial results for the fourth quarter and fiscal year 2021, with comparable sales up 13.1% and net sales reaching a record $1.8 billion, marking a 19.1% increase for the full year. Pre-tax income soared 55% to $188.4 million, while diluted EPS for the quarter stood at $1.57, up from $0.97. The company repurchased 10.6 million shares for $411.4 million in 2021. The initial guidance for fiscal 2022 suggests a slight decline in sales, anticipated at $6.560 billion to $6.770 billion.
Academy Sports and Outdoors (Nasdaq: ASO) announced a donation of $500,000 to St. Jude Children's Research Hospital from proceeds of exclusive holiday t-shirt sales, which more than doubled in 2021. Over two years, the partnership has generated over $650,000 for St. Jude's mission. The campaign aligns with Academy's commitment to local communities and support for children battling cancer. The t-shirts were available at 259 stores and online, highlighting Academy's broad consumer connection and its product strategy.
Academy Sports and Outdoors (Nasdaq: ASO) will release its fourth quarter and fiscal 2021 financial results on March 29, 2022, prior to market opening. A conference call to discuss the results is scheduled for 10:00 a.m. ET, accessible via phone or webcast. Academy operates 259 stores in 16 states and employs a localized merchandising strategy, focusing on outdoor products, apparel, and sports gear. The Company aims to connect with a diverse consumer base through a mix of national and private label brands.
Academy Sports and Outdoors (ASO) will replace Kraton (KRA) in the S&P SmallCap 600 index effective March 16, 2022. This change follows DL Chemical's acquisition of Kraton, which is expected to finalize on March 15. As a result, ASO will be added to the index while KRA will be removed. This shift highlights ASO's growing presence in the consumer discretionary sector.
Academy Sports and Outdoors (Nasdaq: ASO) has declared its inaugural quarterly cash dividend of $0.075 per share for the quarter ended January 29, 2022. This dividend will be payable on April 14, 2022, to stockholders of record as of March 17, 2022. The Board aims to support shareholder value through dividends and a stock repurchase program, demonstrating confidence in the company's growth strategies. Future dividend declarations will depend on the company's financial health and market conditions.
Academy Sports + Outdoors (Nasdaq: ASO) is expanding its private-label activewear collection, Freely, to include girls' apparel. Launched in 2021, Freely now offers new styles for Women, Women's Plus, and girls for the spring season, featuring matching sets and options ranging from $14.99 to $39.99. Over one-third of items utilize recycled materials, supporting sustainability. Customers can shop these items both online and in all 259 Academy stores across 16 states, promoting a mission to empower women and girls through versatile and stylish activewear.
Academy Sports and Outdoors, Inc. (ASO) announced plans to open at least eight new stores in 2022, expanding its presence in Florida, Georgia, Indiana, Kentucky, Texas, Virginia, and West Virginia. This will increase Academy's total store count to 267 across 18 states. The new stores aim to enhance customer convenience and provide a wide variety of sporting goods and outdoor gear. Academy expects the openings to create nearly 500 new jobs and also enhance shopping experiences with services such as curbside pick-up and free shipping on orders over $25.
Academy Sports and Outdoors, Inc. (Nasdaq: ASO) has appointed Chris Turner to its Board of Directors and Audit Committee, expanding the Board to ten directors. Turner brings over 20 years of experience in strategy, finance, and operations from leading consumer brands. He is currently CFO of Yum! Brands and has previously held significant roles at PepsiCo and McKinsey & Company. Academy's Chairman, Ken C. Hicks, emphasized Turner's extensive background and passion for the brand as assets for the Board. Academy operates 259 stores across 16 states, focusing on a wide array of sporting goods and outdoor recreational products.
Academy Sports and Outdoors reported a record third-quarter net sales of $1.59 billion, up 18.1% year-over-year, with a remarkable 39.1% growth compared to 2019. Pre-tax income surged 251.6% to $205.3 million. The company raised its full-year diluted GAAP EPS guidance to $6.75-$6.85, up from $5.45-$5.80. Comparable sales increased by 17.9%, marking nine consecutive quarters of growth. E-commerce sales rose 25.9% annually. Year-to-date sales reached $4.96 billion, a 21.3% increase, with gross margins improving by 540 basis points to 35.6%.
Academy Sports and Outdoors (Nasdaq: ASO) will announce its third-quarter fiscal 2021 financial results on December 10, 2021, before market opening. A conference call will follow at 11:00 a.m. ET to discuss the results, accessible via phone or on the company website. Academy operates 259 stores across 16 states, focusing on outdoor, apparel, sports and recreation, and footwear. The company aims to provide a strong value proposition through its national brands and 19 private label brands, enhancing consumer connection.