UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended February 1, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________. Commission File No. 001-39589 Academy Sports and Outdoors, Inc. (Exact name of registrant as specified in its charter) (State or other j ...

Academy Sports and Outdoors, Inc. (ASO) came out with quarterly earnings of $1.96 per share, beating the Zacks Consensus Estimate of $1.82 per share. This compares to earnings of $2.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.69%. A quarter ago, it was expected that this company would post earnings of $1.28 per share when it actually produced earnings of $0.98, delivering a surprise of -23.44%.Over the last four quart ...

Financial Performance - Fourth quarter comparable sales declined by 3.0%, showing a 190 basis point improvement compared to the third quarter of 2024[1] - Fourth quarter diluted GAAP EPS was $1.89, above the midpoint of updated guidance provided[1] - Net sales for the fourth quarter were $1,676.9 million, a decrease of 6.6% from $1,794.8 million in the same quarter last year[2] - Fiscal 2024 net sales totaled $5,933.4 million, down 3.7% from $6,159.3 million in fiscal 2023[3] - Net sales for the fiscal quarter ended February 1, 2025, were $1,676,920, a decrease of 6.6% compared to $1,794,828 for the same period in 2024[28] - For the fiscal year ended February 1, 2025, net sales were $5,933,450, down 3.7% from $6,159,291 in 2024[30] - Net income for the fiscal quarter was $133,631, a decrease of 20.6% from $168,167 in the same quarter last year[28] - Net income for the fiscal year ended February 1, 2025, was $418.447 million, a decrease of 19.4% from $519.190 million for the fiscal year ended February 3, 2024[34] - Adjusted EBITDA for the fiscal year ended February 1, 2025, was $720.246 million, down 15.0% from $846.045 million for the fiscal year ended February 3, 2024[36] - Adjusted Net Income for the fiscal year ended February 1, 2025, was $439.487 million, compared to $539.471 million for the fiscal year ended February 3, 2024, reflecting a decrease of 18.5%[40] - Adjusted Earnings Per Common Share, Diluted, for the fiscal year ended February 1, 2025, was $6.02, down from $6.96 for the fiscal year ended February 3, 2024[40] Future Outlook - The company plans to open 20-25 new stores in 2025, following the opening of 16 new stores in 2024[8] - For fiscal 2025, the company expects net sales between $6,090 million and $6,265 million, representing a 4.2% increase compared to fiscal 2024[16] - The company anticipates a gross margin rate improvement to between 34.0% and 34.5% in fiscal 2025, up from 33.9% in fiscal 2024[16] - Adjusted net income for fiscal 2025 is projected to be between $400 million and $435 million, a decrease of 4.9% compared to fiscal 2024[16] - The company anticipates future growth through the opening of new stores and expansion into new markets, although actual results may vary due to various risks and uncertainties[25] - The company expects Adjusted Net Income for the fiscal year ending January 31, 2026, to be in the range of $400.0 million to $435.0 million[42] Dividend and Shareholder Returns - The quarterly dividend was increased by 18% per share, now at $0.13, payable on April 17, 2025[7] - The company repurchased $364.912 million of common stock for retirement during the fiscal year ended February 1, 2025, compared to $202.796 million in the previous fiscal year[34] Operational Metrics - Gross margin for the fiscal quarter was 32.2%, down from 33.3% in the previous year[28] - Operating income for the fiscal quarter was $154,696, representing 9.2% of sales, compared to $203,965 or 11.4% of sales in the prior year[28] - The company reported a gross margin of 33.9% for the fiscal year, compared to 34.3% in the previous year[30] - Operating income for the fiscal year was $538,639, which is 9.1% of sales, down from 11.0% in the prior year[30] Cash Flow and Capital Expenditures - Net cash provided by operating activities for the fiscal year ended February 1, 2025, was $528.082 million, slightly lower than $535.779 million for the fiscal year ended February 3, 2024[34] - Adjusted Free Cash Flow for the fiscal year ended February 1, 2025, was $341.962 million, compared to $329.640 million for the fiscal year ended February 3, 2024, indicating an increase of 3.9%[44] - Capital expenditures for the fiscal year ended February 1, 2025, were $199.589 million, a decrease from $207.770 million for the fiscal year ended February 3, 2024[34] Assets and Liabilities - The company’s total assets increased to $4,900,963 as of February 1, 2025, compared to $4,676,713 a year earlier[31] - Current liabilities rose to $960,881 from $879,858 in the previous year[31] Other Income - The company reported a $15.0 million gain from a litigation settlement and a $7.1 million gain on a sale-leaseback transaction during the fiscal year ended February 1, 2025[40]

Fourth Quarter Comparable Sales Declined (3.0)%: a +190 Basis Point Improvement vs. Third Quarter 2024 Fourth Quarter Diluted GAAP EPS of $1.89: Above the Midpoint of Updated Guidance Provided Company Announces Launch of Jordan Brand in 145 Stores and Online Beginning in Late April Quarterly Dividend Increased by 18% Per Share KATY, Texas, March 20, 2025 (GLOBE NEWSWIRE) -- Academy Sports and Outdoors, Inc. (Nasdaq: ASO) ("Academy" or the "Company") today announced its financial results for the fourth quart ...

Core Viewpoint - Academy Sports and Outdoors, Inc. (ASO) is expected to report a decline in earnings and revenues for the fourth quarter of fiscal 2024, facing challenges from a tough macroeconomic environment and reduced consumer spending [1][2][3]. Group 1: Earnings and Revenue Estimates - The Zacks Consensus Estimate for ASO's earnings is $1.82 per share, reflecting a decline of 17.7% from $2.21 a year ago [2] - The consensus estimate for revenues is $1.67 billion, indicating a decrease of 7.1% from the previous year [2]. Group 2: Factors Affecting Performance - The company is likely to have faced headwinds from a challenging macroeconomic environment, particularly affecting middle- and lower-income consumers, leading to reduced discretionary spending [3] - An increase in credit card and Buy Now, Pay Later transactions among lower-income shoppers suggests financial strain, raising concerns about the sustainability of demand [3]. - The Zacks Consensus Estimate for comparable store sales indicates a decline of 4.5% [4]. Group 3: Revenue Breakdown - The consensus estimates for specific revenue categories are as follows: Apparel at $526 million (down 3.5%), Outdoors at $443.9 million (down 4.6%), Footwear at $301.1 million (down 6.7%), and Sports and Recreational at $411.5 million (down 9%) [4]. Group 4: Positive Factors - Product innovation and expansion efforts are expected to have positively impacted performance, with a focus on omnichannel improvements and digital enhancements [5]. - Strengthening inventory positions with seasonally appropriate products and initiatives like My Academy Rewards are likely to have boosted engagement and incremental sales [5]. Group 5: Earnings Prediction Model - The current model does not predict an earnings beat for ASO, with an Earnings ESP of 0.00% and a Zacks Rank of 4 (Sell) [6].

Core Viewpoint - Academy Sports and Outdoors, Inc. (ASO) has implemented an incremental dividend policy since 2022, recently announcing a quarterly dividend increase, which reflects its commitment to enhancing shareholder value [1][2][4]. Dividend Policy - The board approved a quarterly dividend payout of 13 cents per share, marking an 18.2% increase from the previous 11 cents per share [2]. - The annualized dividend now stands at 52 cents per share, with a dividend yield of 1.1% based on a closing price of $49.24 [2]. Financial Performance - As of November 2, 2024, ASO's cash and cash equivalents rose by 7.7% to $296 million from $274.8 million at the end of fiscal 2023 [5]. - The company successfully reduced its net long-term debt by 17.2%, decreasing it to $483.1 million from $583.4 million at the end of fiscal 2023 [5]. - Year-to-date, ASO has returned $276.6 million in share repurchases and $23.8 million in dividends, reflecting year-over-year growth of 37.3% and 16.1%, respectively [8]. Strategic Initiatives - ASO is focusing on driving top-line growth through strategic investments, including new store openings, enhancing website experience, expanding marketing capabilities, and streamlining supply chain operations [7]. - The company's capital allocation strategy emphasizes rewarding shareholders while also reinvesting in business growth [4]. Market Performance - Over the past three months, ASO shares have declined by 9.7%, compared to a 2.9% decline in the Zacks Leisure and Recreation Products industry [9]. - Despite challenges in sales volume across certain merchandise categories, strong performance in the outdoor merchandise division is expected to support future growth [9]. Return on Equity - ASO's trailing 12-month return on equity (ROE) stands at 23.3%, significantly higher than the industry average of 3.7%, indicating effective use of shareholder funds [11].

KATY, Texas, March 4, 2025 /PRNewswire/ -- Academy Sports and Outdoors, Inc. ("Academy" or the "Company") (Nasdaq: ASO), a leading full-line sporting goods and outdoor recreation retailer, plans to release its fourth quarter and fiscal 2024 financial results before the market opens on Thursday, March 20, 2025.Academy will host a live conference call that day at 10:00 a.m. Eastern Time to discuss the financial results. Participants interested in accessing the live call can dial 1-877-407-3982 (U.S.) or 1-201 ...

Core Viewpoint - Vanda Pharmaceuticals Inc. has announced the development of a novel antisense oligonucleotide (ASO) therapeutic, VCA-894A, aimed at treating a rare variant of Charcot-Marie-Tooth disease type 2S (CMT2S) caused by a mutation in the IGHMBP2 gene [1][3][4] Group 1: Product Development - VCA-894A is specifically designed for a patient diagnosed with CMT2S, a rare inherited neuromuscular disorder with an estimated prevalence of less than 1 in 1,000,000 worldwide [3][6] - The therapeutic targets a patient-specific IGHMBP2 variant, aiming to restore expression levels of the gene, showcasing the potential for personalized treatment approaches in rare diseases [3][4] - The effects of VCA-894A were validated using Hesperos' Human-on-a-Chip® model, demonstrating significant improvements in neuromuscular function, including reduced muscle fatigue and enhanced synaptic transmission [5][6] Group 2: Regulatory and Market Implications - VCA-894A has received orphan designation from the FDA, indicating its potential to address significant unmet medical needs [6] - The development of VCA-894A exemplifies a shift towards personalized medicine, moving away from a one-size-fits-all treatment model to tailored therapeutics based on individual genetic profiles [4][6] - The article published in Molecular Therapy Nucleic Acids highlights the advancements in precision medicine and the importance of genetic understanding in developing targeted treatments [1][5]

Company Overview - Academy Sports and Outdoors Inc (NASDAQ: ASO) is a leading retailer of sporting goods and outdoor recreation products in the US [1] - The company operates 298 stores across 19 states in the US [1] - The market where ASO operates is described as very large [1] Research Focus - GSBR Research specializes in identifying small-cap stocks with strong price appreciation potential that are under-covered by the market [1] - The GSBR Research team has over 12 years of stock market investing experience [1]

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