Group 1: Market Overview - The S&P 500 is up nearly 27% in 2024, indicating a strong year for average stock market returns [1] - Some stocks, including Crocs, Academy Sports, and Universal Display, are underperforming compared to the S&P 500 [2] Group 2: Crocs - Crocs is trading at 8 times earnings, significantly lower than many stocks trading over 20 times earnings [4] - The core Crocs brand is expected to grow with an 8% year-over-year revenue increase, while the HeyDude brand is projected to see a 15% revenue drop [5][7] - Crocs has paid back over $1 billion in debt over the past two years and is now repurchasing shares [6] Group 3: Academy Sports - Academy Sports is also trading at about 8 times earnings and is positioned for better growth opportunities [8] - The company generated an average of $22 million in sales per store in 2023, significantly outperforming peers, and has improved its net profit margin to over 7% [9] - Academy Sports plans to open up to 25 new stores in 2025, representing nearly 8% growth [10] Group 4: Universal Display - Universal Display holds over 6,000 patents and is a leader in OLED technology, which is energy-efficient and in demand from mobile device manufacturers [12][13] - The company has a high net profit margin of 37% and invests heavily in research and development [14] - Management is close to commercializing PHOLED blue technology, which could enhance display energy efficiency by 25% [15][16] Group 5: Investment Outlook - Crocs, Academy Sports, and Universal Display are identified as high-conviction investment ideas for 2025, with expectations of strong performance and low downside risk [18] - Despite potential underperformance in the short term, the long-term outlook for these companies remains positive [19]

Core Viewpoint - Academy Sports & Outdoors (NASDAQ: ASO) has reported its Q3 earnings, highlighting a dual narrative for the stock, which operates in the sporting goods and outdoor recreation sector [1]. Group 1: Company Performance - The Q3 earnings report is significant as it reflects the company's performance in a competitive market [1]. - The focus on long-term growth and dividend growth investing indicates a strategy aimed at sustainable profitability rather than merely low valuation [1]. Group 2: Investment Strategy - The emphasis on profitability, margins, free cash flow stability, and returns on invested capital suggests a rigorous approach to evaluating investment opportunities [1]. - The company is positioned as a high-quality entity that warrants extensive research and analysis for potential investment [1].

I consider an investment ideal if it performs its core business in a sector projected to experience structural (organic) growth in excess of GDP growth over the next 5-10 years; profits from sustainable competitive advantages that translate into attractive unit economics; In the hands of competent, ethical, and long-term thinkers; with a fair valuationAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions ...

Academy Sports and Outdoors, Inc. (ASO) reported third-quarter fiscal 2024 (ended Nov. 2) results, with both top and bottom lines missing the Zacks Consensus Estimate. Both metrics also declined year over year.The sales decline for the fiscal quarter was largely caused by challenges in October, which proved to be a tough month for the company. Unseasonably warm weather persisted throughout the month across its operating regions, negatively impacting seasonal business performance and contributing to an estim ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended November 2, 2024 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 ...

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Q3 2024 Earnings Conference Call December 10, 2024 10:00 AM ET Company Participants Brad Morris - Director, Strategic Initiatives Steve Lawrence - Chief Executive Officer Carl Ford - Chief Financial Officer Conference Call Participants Emily Ghosh - Goldman Sachs Robby Ohmes - Bank of America Michael Lasser - UBS Anthony Chukumba - Loop Capital Markets Simeon Gutman - Morgan Stanley Anna Glaessgen - B. Riley Operator Good morning, and welcome to Academy Sports ...

Exhibit 99.1 Academy Sports + Outdoors Reports Third Quarter 2024 Results Net Sales Decline (3.9)%; Comparable Sales of (4.9)% 1 GAAP Diluted EPS of $0.92, or $0.98 Adjusted Diluted EPS 1 Year-to-Date GAAP Operating Cash Flow +29%; Year-to-Date Adjusted Free Cash Flow +67% vs LY Authorizes New $700 Million Share Repurchase Program Plans to Open 20 to 25 New Stores in Fiscal 2025 KATY, TEXAS (Globe Newswire — December 10, 2024) – Academy Sports and Outdoors, Inc. (Nasdaq: ASO) ("Academy" or the "Company") to ...

KATY, Texas, Dec. 04, 2024 (GLOBE NEWSWIRE) -- This press release is being issued to replace in its entirety a press release issued earlier today that contained a typographical error regarding the remaining availability under the preceding share repurchase program. Academy Sports and Outdoors, Inc. (the “Company” or “Academy”) (Nasdaq: ASO) announced today that its Board of Directors approved a new share repurchase program authorizing the Company to repurchase up to $700 million of its outstanding common st ...

KATY, Texas, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Academy Sports and Outdoors, Inc. (the “Company” or “Academy”) (Nasdaq: ASO) announced today that its Board of Directors approved a new share repurchase program authorizing the Company to repurchase up to $700 million of its outstanding common stock. This new share repurchase program replaces the preceding share repurchase program, of which $423 million remained at the time this new program was approved, and is effective as of December 4, 2024, for a period of ...

Academy Sports and Outdoors, Inc. (ASO) has opened five new stores across the United States. This brings the fiscal 2024 new location count to 16, which is within its expected range of 15-17 new store openings.The newly opened store locations include Bradenton and Yulee, FL; Searcy, AR; Meridian, MS and Corsicana, TX. These five openings concluded the company’s fiscal 2024 footprint expansion. During the year, it started expanding from Ohio leading across 10 different states in the country.Every newly opene ...