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

Academy Sports + Outdoors (Nasdaq: ASO) announced its first-quarter 2024 results, highlighting a 1.4% decline in net sales and a 5.7% drop in comparable sales. The company reported GAAP diluted EPS of $1.01 and adjusted diluted EPS of $1.08. Despite the challenges, Academy opened two new stores and returned $132 million to shareholders via share repurchases and dividends. Net income stood at $76.5 million, down 18.6% from the previous year. The company reiterated its sales and net income guidance for 2024 but adjusted its EPS forecast due to share repurchases. The company also generated $200 million in cash from operations and invested $32 million back into the business.

Academy Sports + Outdoors (Nasdaq: ASO) announced an exclusive partnership with DoorDash (Nasdaq: DASH) to offer on-demand delivery from Academy's 285 stores across 19 states. This service allows customers to order apparel, footwear, sporting goods, and outdoor recreation equipment through the DoorDash app for same-day delivery, averaging under an hour.

The partnership coincides with the upcoming Back-to-School season, aiming to provide a convenient shopping experience. Items from Academy Sports + Outdoors will also be available for DashPass members, who enjoy $0 delivery fees and reduced service fees on eligible orders.

Chad Fox, Executive Vice President and Chief Customer Officer, highlighted that this collaboration will help customers get the gear they need faster, enhancing their overall experience.

Academy Sports and Outdoors announced on June 6, 2024, that its Board of Directors approved a quarterly cash dividend of $0.11 per share for the fiscal quarter ending May 4, 2024.

The dividend will be paid on July 18, 2024, to shareholders who are on record by June 20, 2024.

Academy Sports and Outdoors has appointed Scott Boatwright to its Board of Directors, effective immediately, increasing the total number of directors to 11. Chairman Ken Hicks highlighted Boatwright's extensive experience in productivity, operational excellence, and customer engagement as valuable assets for Academy's growth strategy.

Boatwright brings nearly 30 years of industry experience, currently serving as COO at Chipotle Mexican Grill since May 2023, and previously held various senior roles at Chipotle and Arby's Restaurant Group. He holds an MBA from Georgia State University.

Academy Sports and Outdoors announced its participation in the upcoming Oppenheimer 24th Annual Consumer Growth Conference on June 12, 2024. The event will be held virtually and will feature a fireside chat at 10:30 a.m. Eastern Time, hosted by CEO Steve Lawrence and CFO Carl Ford. Small group meetings are also scheduled. A live and replay webcast of the fireside chat will be accessible for 30 days on the Company's investor relations website.

Academy Sports and Outdoors (Nasdaq: ASO), a leading retailer in sporting goods and outdoor recreation, will release its first quarter fiscal 2024 financial results before the market opens on June 11, 2024.

The company will host a live conference call at 10:00 a.m. Eastern Time on the same day to discuss the results.

Participants can access the live call by dialing specific numbers or via webcast on the company's website. A replay of the call will be available for 30 days.

Academy Sports + Outdoors (NASDAQ: ASO) is expanding its footprint by opening its first store in Ohio, located in Zanesville.

The new 54,000-square-foot store at 3925 Gorsky Dr. will offer a wide range of sports and outdoor merchandise. Grand opening events will be held from May 31 to June 2, featuring exclusive deals and giveaways.

This Zanesville store is the third opening in 2024, with plans to open 15-17 more stores within the fiscal year and 160-180 new stores over the next five years.

Customers can shop for top brands such as Nike, adidas, L.L.Bean, and more, both in-store and online. The store also offers free in-store services like grill and bike assembly, scope mounting, and line winding/spooling.

Academy is focused on providing everyday value through its private label brands like Magellan Outdoors and BCG. The Zanesville location will also cater to local needs, offering Buckeyes gear, hunting and fishing licenses, and more.

Academy Sports + Outdoors (Nasdaq: ASO) donated over $530,000 to St. Jude Children's Research Hospital® through a holiday partnership, totaling nearly $2.2 million over four years. The collaboration involved creating unique holiday-themed products designed by St. Jude patients, with proceeds supporting the hospital's mission of finding cures and saving children®. The initiative has been successful, thanks to the support of Academy team members and customers.