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 & Outdoors, Inc. (ASO) delivers quality sporting goods and outdoor recreation products through 250+ U.S. stores and digital platforms. This page provides investors and industry observers with essential updates on corporate developments, financial performance, and strategic initiatives.
Access timely updates including quarterly earnings reports, partnership announcements, store expansions, and product line developments. Our curated news collection simplifies tracking ASO's market position within the competitive sports retail sector.
Key coverage of operational milestones includes merchandising strategy shifts, supply chain enhancements, and leadership updates. All content is verified for accuracy and presented in compliance with financial disclosure standards.
Bookmark this page for streamlined access to ASO's latest press releases and market-moving developments. Check back regularly for neutral, factual reporting tailored for investment research and industry analysis.
Academy Sports + Outdoors (Nasdaq: ASO) has announced the appointment of Sumit Anand as Executive Vice President and Chief Information Officer. In his new role, Anand will be responsible for overseeing all enterprise technology operations, including cybersecurity, IT infrastructure and operations, and IT shared services that support the company's corporate, distribution center, and retail initiatives.
Anand brings significant experience from his previous positions, including roles as Chief Information Officer and Head of Strategy at At Home in Dallas, and as Senior Vice President of Business and Technology Transformation at Signet Jewelers. He also held leadership positions at Accenture. Anand, who joined Academy in March 2025, reports directly to CEO Steve Lawrence.
Academy Sports and Outdoors (Nasdaq: ASO) has scheduled its fourth quarter and fiscal 2024 financial results announcement for Thursday, March 20, 2025, before market opening. The company will host a conference call at 10:00 a.m. Eastern Time to discuss the results.
Investors can access the live call by dialing 1-877-407-3982 (U.S.) or 1-201-493-6780 (International) using passcode 13751956. A webcast will be available on investors.academy.com. A replay of the call will be accessible for approximately 30 days via phone (1-844-512-2921 U.S., 1-412-317-6671 International) using the same passcode, and the webcast recording will be archived on the company's investor website.
Academy Sports + Outdoors (ASO) reported third quarter 2024 results with net sales declining 3.9% to $1.34 billion and comparable sales falling 4.9%. The company's net income decreased 34.2% to $65.8 million, with diluted EPS of $0.92. Despite challenges, the Outdoor division saw a 7% sales increase, and the company opened 16 new stores in fiscal 2024.
The company narrowed its fiscal 2024 guidance, projecting net sales between $5.89B and $5.94B. The Board authorized a new $700 million share repurchase program and declared a quarterly dividend of $0.11 per share. Academy plans to open 20-25 new stores in fiscal 2025, representing approximately 7.5% annual unit growth.
Academy Sports and Outdoors (Nasdaq: ASO) has announced two significant shareholder initiatives. The company's Board of Directors has approved a new $700 million share repurchase program, replacing the previous program which had $423 million remaining. The new program will be effective from December 4, 2024, for three years. Additionally, the Board declared a quarterly cash dividend of $0.11 per share for the fiscal quarter ended November 2, 2024, payable on January 15, 2025, to stockholders of record as of December 18, 2024.
Academy Sports and Outdoors (ASO) has announced two significant shareholder initiatives. First, the Board of Directors approved a new $700 million share repurchase program, replacing the previous program which had $423 million remaining. The new program will be effective from December 4, 2024, for three years. Second, the company declared a quarterly cash dividend of $0.11 per share for the fiscal quarter ended November 2, 2024, payable on January 15, 2025, to stockholders of record as of December 18, 2024.
Academy Sports + Outdoors (Nasdaq: ASO) concluded 2024 with five new store openings in Bradenton and Yulee, Florida; Searcy, Arkansas; Meridian, Mississippi; and Corsicana, Texas. The company expanded its footprint with a total of 16 new stores across 10 states in 2024, including its first locations in Ohio. Academy donated over $25,000 to local non-profits in these communities. The stores offer sporting goods, outdoor recreation equipment, apparel, and footwear from national brands and private labels, along with free services like grill assembly and scope mounting.
Academy Sports and Outdoors (Nasdaq: ASO) has announced its upcoming third quarter fiscal 2024 financial results release, scheduled for Tuesday, December 10, 2024, before market opening. The company will host a live conference call at 10:00 a.m. Eastern Time to discuss the results. Investors can join via phone (1-877-407-3982 U.S. or 1-201-493-6780 International) using passcode 13750156, or through the webcast at investors.academy.com. Both the telephonic replay and webcast recording will be available for approximately 30 days after the call.
Academy Sports + Outdoors (Nasdaq: ASO) reported its Q2 2024 financial results, showing a 2.2% decline in net sales to $1,549.0 million and comparable sales of -6.9%. The company's GAAP diluted EPS was $1.95, while adjusted diluted EPS reached $2.03. Despite challenges, Academy saw a 50 basis point expansion in gross margin and a 5% reduction in inventory units per store. The company opened one new store in Q2 and plans to open 15-17 stores in 2024. Academy revised its fiscal 2024 guidance, now expecting net sales between $5,895.0 million and $6,075.0 million, with comparable sales ranging from -6.0% to -3.0%. The company maintains a strong balance sheet and cash flow generation, which it plans to deploy towards its capital allocation strategy.
Academy Sports and Outdoors (Nasdaq: ASO) has announced a quarterly cash dividend of $0.11 per share for the fiscal quarter ended August 3, 2024. The dividend will be payable on October 17, 2024, to stockholders of record as of the close of business on September 19, 2024. This decision, approved by the company's Board of Directors, demonstrates Academy's commitment to returning value to its shareholders. The regular dividend payout suggests financial stability and confidence in the company's cash flow generation capabilities.
Academy Sports + Outdoors (Nasdaq: ASO) has announced plans to open 9 new stores in fall 2024, expanding its presence across eight states. The new locations include Beckley, West Virginia; Kingsport, Tennessee; Bloomington, Indiana; Selma, North Carolina; Ft. Myers, Florida; Birmingham, Alabama; Springfield, Ohio; Bradenton, Florida; and Bulverde, Texas. This expansion is part of Academy's goal to open 15-17 new stores in fiscal year 2024.
The new stores will offer a wide range of sports and outdoor products, including apparel, footwear, equipment, and gear from top national brands and Academy's private label brands. Customers can also benefit from free services such as grill and bike assembly, scope mounting, and propane exchange. The company aims to provide convenience and value to both existing and new customers in these markets.
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