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 ...

Core Viewpoint - Academy Sports and Outdoors, Inc. (ASO) has successfully opened five new stores, bringing its total new store openings for fiscal 2024 to 16, which aligns with its target range of 15-17 [1] Group 1: Store Openings and Expansion - The newly opened stores are located in Bradenton and Yulee, FL; Searcy, AR; Meridian, MS; and Corsicana, TX, marking the completion of the company's fiscal 2024 expansion [1] - As of August 2024, ASO operates 285 stores across 19 states and plans to open approximately 160-180 new stores over the next five years [4] Group 2: Product Offerings and Services - Each new store will offer a variety of products including apparel, footwear, sports and camping equipment, and hunting and fishing gear from both national and private label brands [2] - ASO provides free services such as grill and bike assembly, scope mounting, bore sighting, line winding/spooling, and propane exchange [2] Group 3: Growth Initiatives and Financial Strategy - The company is focusing on growth initiatives that include new store expansion, omnichannel advancements, digital marketing projects, and improvements to existing stores [3] - ASO is committed to effective capital allocation strategies to ensure financial stability and increase shareholder returns through share repurchases and dividends [3] Group 4: Market Performance and Future Outlook - ASO shares have decreased by 8.9% over the past year, contrasting with the 14.4% growth in the Zacks Leisure and Recreation Products industry [6] - The company aims to enhance its omnichannel capabilities and inventory position to maintain growth momentum in the future [6]

Core Viewpoint - The market anticipates a year-over-year decline in earnings for Academy Sports and Outdoors, Inc. (ASO) due to lower revenues when it reports results for the quarter ended October 2024 [1][2]. Earnings Expectations - The upcoming earnings report is expected to be released on December 10, 2024, with a consensus estimate of $1.31 per share, reflecting a year-over-year decrease of 5.1% [3][2]. - Revenues are projected to be $1.37 billion, down 1.7% from the same quarter last year [4]. Estimate Revisions - The consensus EPS estimate has been revised 0.47% lower over the last 30 days, indicating a reassessment by analysts [5]. - The Most Accurate Estimate for ASO is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -5.26%, suggesting a bearish outlook from analysts [11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict the likelihood of actual earnings deviating from consensus estimates, with a strong predictive power for positive readings [8][9]. - However, the current negative Earnings ESP reading, combined with a Zacks Rank of 4 (Sell), complicates the prediction of an earnings beat for ASO [12]. Historical Performance - In the last reported quarter, ASO met the expected earnings of $2.03 per share, resulting in no surprise [13]. - The company has not beaten consensus EPS estimates in any of the last four quarters [14]. Conclusion - ASO does not appear to be a compelling candidate for an earnings beat, and investors should consider other factors when making decisions regarding the stock ahead of its earnings release [17].

Academy opened 16 new stores in fiscal 2024 helping customers to have fun out thereKATY, Texas, Dec. 3, 2024 /PRNewswire/ -- Academy Sports + Outdoors ("Academy") (Nasdaq: ASO), a leading full-line sporting goods and outdoor recreation retailer, wrapped up 2024 with five new stores in Bradenton, Fla.; Yulee, Fla.; Searcy, Ark.; Meridian, Miss.; and Corsicana, Texas. As part of its commitment and investment in these local communities, Academy donated more than $25,000 in total to local non-profit organizatio ...

KATY, Texas, Nov. 26, 2024 (GLOBE NEWSWIRE) -- 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 third quarter fiscal 2024 financial results before the market opens on Tuesday, December 10, 2024. 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 1-2 ...