Financial Data and Key Metrics Changes - Net sales for Q4 were $1.68 billion, representing a 6.6% decline compared to the previous year, primarily due to the comparison against a 53rd week last year [9][56] - On a comparable 13-week basis, Q4 net sales were flat, with comparable sales down 3%, showing sequential improvement from Q3 [10][56] - Gross margin rate for Q4 was 32.2%, a decline of 110 basis points year-over-year, driven by higher freight and distribution costs [18][58] - Net income for Q4 was $133.6 million, with diluted earnings per share of $1.89, while adjusted net income was $139 million or $1.96 per share [57][66] Business Line Data and Key Metrics Changes - Outdoor category was the best performer with total net sales growth of 2%, driven by hunting, fishing, and camping [13] - Apparel sales decreased by 1%, rebounding during the holiday season due to strong performance in youth apparel and fleece [14] - Sports and recreation net sales improved, finishing down 1%, with strong performance in giftable categories [16] - Footwear sales were down 2%, with key categories like men's athletic and work footwear performing well [17] Market Data and Key Metrics Changes - The company gained approximately 40 basis points of store traffic share among households earning over $100,000 annually in December, indicating a shift in consumer behavior [63] - Traffic growth accelerated by 700 basis points in December compared to October, showing improved customer engagement [62] Company Strategy and Development Direction - The company plans to open 20 to 25 new stores in 2025, with a focus on suburban and exurban markets [28][31] - A significant brand launch of Jordan is planned for April 2025, expected to be a top 20 brand for the company [112][104] - The company aims to enhance its e-commerce platform and improve customer experience through technology rollouts, including RFID [35][50] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for 2025, acknowledging macroeconomic challenges but highlighting strategic initiatives to drive growth [71][82] - The first quarter is expected to be the most challenging, with Q2 anticipated to be the strongest due to new initiatives [79][94] Other Important Information - The company generated $528 million in cash from operations in 2024 and returned over $396 million to shareholders through dividends and share repurchases [66][27] - An 18% increase in dividends was approved, resulting in $0.13 per share payable in April 2025 [69] Q&A Session Summary Question: What are expected to be the drivers of gross margin expansion in 2025? - Management indicated that recapturing supply chain headwinds and a higher penetration of soft lines will drive gross margin expansion [85][87] Question: How much is weather versus consumer uncertainty affecting sales? - Management noted a softening in business due to weather but observed a rebound as temperatures warmed, indicating a cautious consumer [90][92] Question: What is the expected contribution of new stores to comps in 2025? - New stores from 2022 and 2023 are expected to positively impact comps, with a focus on accelerating growth as they mature [100][102] Question: Can you provide more details on the Jordan launch and its significance? - The Jordan brand will be launched in 145 stores and online, marking a significant expansion of the company's relationship with Nike [112][116] Question: Is there any hidden tariff impact from components not captured in the China exposure? - Management acknowledged that while they have limited exposure to China, they are monitoring potential impacts from national brands sourcing globally [120][123] Question: What insights can you provide about higher-income customers shopping at Academy? - Management noted an increase in transactions from higher-income households seeking value, indicating a shift in consumer behavior [132][133]

Sales Performance - Total merchandise sales for the fiscal year ended February 1, 2025, were $5,896.7 million, a decrease of 3.7% from $6,125.9 million in the previous year[35]. - E-commerce sales accounted for 10.5% of merchandise sales in 2024, consistent with 10.7% in both 2023 and 2022[35]. - Approximately 77% of merchandise sales in 2024 were from national brand products, while private label brands accounted for 23%[28][33]. - A significant portion of the company's net sales and profits is driven by seasonal events, particularly summer holidays, which impact the second quarter[49]. - Firearms represented approximately 6% of the company's net sales in 2024, highlighting the importance of compliance with federal, state, and local regulations[63]. - Seasonal fluctuations significantly affect net sales and profits, particularly during summer holidays and the November/December holiday season[122]. - The company reported net sales distribution for 2024: outdoors (30%), apparel (27%), sports & recreation (23%), and footwear (20%) of total net sales[204]. Store Operations - The company operates 298 stores across 19 states, with Texas having the highest number at 113 stores[41]. - The average customer visits the stores 2 to 3 times per year, indicating strong customer loyalty[29]. - The company opened 16 new stores during fiscal year 2024 and plans to open 20 to 25 stores in fiscal year 2025[219]. - Comparable sales for the fiscal year ending February 1, 2025, will be compared to the final 52 weeks of fiscal year 2023, which was a 53-week year with merchandise net sales of $73.3 million for the 53rd week[211]. - Approximately 95% of total sales during 2024 were facilitated by stores, including ship-from-store, BOPIS, and in-store retail sales[218]. Customer Engagement and Loyalty - The company launched the myAcademy loyalty program in July 2024 to enhance customer engagement and retention[45]. - The company is enhancing its omnichannel capabilities, including investments in a new customer data platform and website features to improve customer engagement[218]. Employee and Team Management - As of February 1, 2025, the company employed approximately 22,000 team members in the U.S., with 45% full-time and 55% part-time[50]. - The company offers a competitive benefits package, including a 401(k) plan with a 6% dollar-for-dollar match and a 15% discount on stock purchases[52]. - The company is focused on creating a winning team through talent management, including annual performance reviews and succession planning[51]. - The company is committed to providing a rewarding workplace culture, focusing on personal growth and career advancement opportunities for team members[51]. - The company faces challenges in attracting and retaining quality team members, with high turnover rates in entry-level positions leading to increased training and retention costs[105]. Financial Performance and Risks - The company’s level of indebtedness requires a portion of cash flows to be dedicated to debt service payments, impacting available funds for operations and growth[145]. - If the company cannot generate sufficient cash flow to service its debt, it may face default, leading to potential bankruptcy or liquidation[150]. - The company may incur additional debt in the future, which could exacerbate financial risks[151]. - The credit agreements governing the Term Loan and ABL Facility impose significant operating and financial restrictions on the company[154]. - The company has consistently paid quarterly cash dividends since Q4 of fiscal 2021, but future payments are at the discretion of the Board of Directors[165]. - The company has incurred additional indebtedness and guarantees, which may affect its financial flexibility[155]. Supply Chain and Inventory Management - The company purchased merchandise from approximately 1,500 vendors in 2024, with no single vendor representing more than 11% of total purchases[31]. - Effective inventory management is crucial; failure to do so could lead to reduced net sales or significant markdowns on unpopular merchandise[82]. - The company depends on approximately 1,500 suppliers, with significant reliance on a few key vendors, exposing it to supply chain disruptions and potential losses in purchasing incentives[118]. - The company has implemented new tools for inventory management, improving handling and vendor relations to better estimate future inventory requirements[216]. Regulatory and Compliance Risks - The company is subject to various regulatory risks that could materially affect operations and financial results, including consumer product safety and labor laws[62]. - Compliance with the Uyghur Forced Labor Prevention Act could materially affect the company's business and financial condition due to restrictions on imports from certain regions in China[71]. - The company faces risks associated with private label brand merchandise, including compliance with regulatory requirements and potential product recalls[119]. - The company is subject to various legal and regulatory risks, including compliance with consumer product safety and labor laws, which may change frequently[127][128]. Economic and Market Conditions - Economic conditions significantly impact the company's operations, with a decline in U.S. consumer discretionary spending potentially leading to lower net sales[67]. - The company faces potential adverse impacts on liquidity and operations due to economic downturns, requiring access to additional funding sources like ABL Facility and term loans[70]. - Trade tensions with China have led to increased inventory costs, negatively impacting sales and gross margins, with tariffs on imports rising to 20%[75]. - Fluctuations in merchandise costs and increases in commodity prices could negatively impact sales and profitability, as higher prices may reduce demand[113]. Cybersecurity and Data Management - The company emphasizes the importance of data security and the potential consequences of cybersecurity incidents, including loss of sales and reputational harm[89]. - The company’s cybersecurity program is based on the NIST Cybersecurity Framework, focusing on risk management and incident response[179]. - The company has a Cyber Security Incident Response Plan (CSIRP) to standardize responses to cybersecurity incidents[181]. - The company maintains cyber liability insurance, but there is no guarantee of coverage sufficiency or timely payment in the event of a cyber incident[91]. Competition and Market Position - Intense competition in the sporting goods retail industry may limit growth and profitability, with competitors having greater resources and market presence[93]. - The company relies on effective marketing and advertising programs to drive sales, with potential declines in sales adversely affecting available funds for these initiatives[103]. Environmental and Sustainability Risks - Climate change and sustainability-related risks could adversely affect the company’s operations and financial condition[141]. - The company is subject to various legal and regulatory risks, including product safety concerns and compliance with environmental regulations[140].

Financial Data and Key Metrics Changes - Net sales for Q4 2024 were $1,680,000,000, representing a 6.6% decline compared to the previous year, primarily due to a comparison against a 53-week fiscal year [7][36] - Comparable sales decreased by 3%, with a sequential improvement from Q3 and the first half of the year [8][36] - Gross margin for Q4 was 32.2%, down 110 basis points from the previous year, driven by higher freight and distribution costs [13][37] - Net income for Q4 was $133,600,000, with diluted earnings per share of $1.89 [36] Business Line Data and Key Metrics Changes - The outdoor category was the best performer, with total net sales growth of 2% [11] - The mineral category saw a 1% decline in net sales, rebounding during the holiday season due to strong youth apparel sales [12] - Sports and Recreation net sales improved, finishing down 1% compared to the previous year [12] - Footwear net sales were down 2%, with strong performances from brands like ASICS and New Balance [13] Market Data and Key Metrics Changes - The company gained approximately 40 basis points of store traffic share among households earning over $100,000 annually in December [40] - Traffic growth accelerated by 700 basis points in December compared to October, indicating a positive response to value offerings [40] Company Strategy and Development Direction - The company plans to open 20 to 25 new stores in 2025, having already opened three in Pennsylvania and Maryland [20] - A focus on enhancing the e-commerce experience and expanding fulfillment options is part of the growth strategy [23] - The introduction of the Jordan brand in 145 stores is expected to significantly impact sales and brand presence [26][80] - The company aims to maintain its position as a value leader, especially for lower to middle-income consumers [28] Management's Comments on Operating Environment and Future Outlook - Management noted a cautious consumer environment, with expectations of continued softness in the lower-income demographic [60] - The company anticipates Q1 to be the most challenging quarter, with Q2 expected to show stronger performance due to new initiatives [49][60] - Management expressed optimism about the impact of new store openings and brand launches on future growth [51] Other Important Information - The company generated $528,000,000 in cash from operations in 2024 and returned over $396,000,000 to shareholders through dividends and share repurchases [42][43] - An 18% increase in dividends was approved, resulting in $0.13 per share payable in April 2025 [44] Q&A Session Summary Question: What are the expected drivers of gross margin expansion in 2025? - Management indicated that recapturing supply chain headwinds and a higher penetration of soft lines, supported by Jordan and Nike, are expected to drive gross margin expansion [54][55] Question: How does the company view the impact of weather versus consumer uncertainty? - Management acknowledged a softening in business due to weather but noted a rebound as temperatures warmed, indicating a cautious but stabilizing consumer environment [60][61] Question: What is the expected contribution of new stores to comps in 2025? - Management expects new stores to contribute positively to comps, with a significant number of stores from previous vintages entering the comp base [66] Question: Can you provide more details on the Jordan brand launch? - The Jordan brand will be launched in 145 stores and online, marking the first time Academy will sell Jordan products, with a focus on sport-related items [78][80] Question: What is the company's strategy regarding tariffs and pricing? - Management emphasized a diversified sourcing base to mitigate tariff impacts and a commitment to maintaining competitive pricing on key items [86][87]

分组1 - Academy Sports and Outdoors, Inc. reported quarterly earnings of $1.96 per share, exceeding the Zacks Consensus Estimate of $1.82 per share, but down from $2.21 per share a year ago, representing an earnings surprise of 7.69% [1] - The company posted revenues of $1.68 billion for the quarter ended January 2025, surpassing the Zacks Consensus Estimate by 0.60%, but down from $1.79 billion year-over-year [2] - Over the last four quarters, the company has only surpassed consensus EPS estimates once and has topped consensus revenue estimates just once [2] 分组2 - The stock has underperformed the market, losing about 17.3% since the beginning of the year compared to the S&P 500's decline of -3.5% [3] - The current consensus EPS estimate for the coming quarter is $1.20 on revenues of $1.4 billion, and for the current fiscal year, it is $6.59 on revenues of $6.25 billion [7] - The Zacks Industry Rank for Leisure and Recreation Products is currently in the bottom 38% of over 250 Zacks industries, indicating potential challenges for the sector [8]

Financial Data and Key Metrics Changes - Net sales for Q4 2024 were $1,680 million, representing a 6.6% decline compared to the previous year, primarily due to a comparison against a 53-week fiscal year [7][36] - Comparable sales decreased by 3%, with a sequential improvement from Q3 and the first half of the year [8][36] - Gross margin for Q4 was 32.2%, down 110 basis points year-over-year, influenced by higher freight and distribution costs [13][37] - Net income for Q4 was $133.6 million, with diluted earnings per share of $1.89, while adjusted net income was $139 million or $1.96 per share [36][48] Business Line Data and Key Metrics Changes - The outdoor category was the best performer, with net sales growth of 2%, driven by hunting, fishing, and camping products [11] - The footwear business saw a 2% decline in net sales, with strong performances from brands like ASICS and New Balance [13] - Private brands accounted for approximately 23% of total net sales, up from 22% in the previous fiscal year [18] Market Data and Key Metrics Changes - The company gained approximately 40 basis points of store traffic share among households earning over $100,000 annually in December, indicating a shift in consumer behavior towards value [40][93] - Traffic growth accelerated by 700 basis points in December compared to October, reflecting a positive response to the company's value proposition [40] Company Strategy and Development Direction - The company plans to open 20 to 25 new stores in 2025, having already opened three in Pennsylvania and Maryland [20] - A significant focus will be on enhancing the e-commerce experience, including improvements in site navigation and fulfillment options [23][24] - The introduction of the Jordan brand in 145 stores is expected to be a major growth driver, with plans to expand Nike assortments as well [26][80] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for 2025, anticipating challenges in Q1 but expecting Q2 to be the strongest quarter due to new initiatives [49][60] - The company is adapting to macroeconomic pressures and consumer behavior changes, focusing on value offerings to attract a broader customer base [28][60] Other Important Information - The company generated $528 million in cash from operations in 2024 and returned over $396 million to shareholders through dividends and share repurchases [42][43] - An 18% increase in dividends was approved, resulting in a payout of $0.13 per share [44] Q&A Session Summary Question: What are the expected drivers of gross margin expansion in 2025? - Management indicated that recapturing supply chain headwinds and a higher penetration of soft lines, supported by Jordan and Nike, are expected to drive margin expansion [54][55] Question: How does the company view the impact of weather versus consumer uncertainty? - Management noted that while weather has impacted sales, they are optimistic about trends improving as the year progresses, particularly with new initiatives [60][62] Question: What is the expected contribution of new stores to comps in 2025? - Management expects new stores to contribute positively to comps, with a significant number of stores from previous vintages entering the comp base [66] Question: Can you provide more details on the Jordan brand launch? - The Jordan brand will be launched in 145 stores and online, marking the first time Academy will sell this brand, with a focus on sport products [78][80] Question: What is the company's strategy regarding tariffs and sourcing? - The company has diversified its sourcing base to mitigate tariff impacts and is focused on maintaining value for customers despite potential cost increases [86][87]

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]

Core Insights - Academy Sports and Outdoors reported a decline in fourth quarter comparable sales of 3.0%, which is an improvement of 190 basis points compared to the third quarter of 2024 [1][2] - The diluted GAAP earnings per share (EPS) for the fourth quarter was $1.89, exceeding the midpoint of the updated guidance provided [1][2] - The company announced the launch of the Jordan Brand in 145 stores and online starting in late April [1] - A quarterly dividend was increased by 18% per share [1] Financial Performance - For the fourth quarter ended February 1, 2025, net sales were $1,676.9 million, a decrease of 6.6% from $1,794.8 million in the same quarter of the previous year [3][23] - Comparable sales for the fiscal year 2024 decreased by 5.1%, compared to a 6.5% decline in fiscal year 2023 [3][12] - Net income for the fourth quarter was $133.6 million, down 20.6% from $168.2 million year-over-year [3][23] - Adjusted net income for the fourth quarter was $138.8 million, a decrease of 17.5% from the previous year [3][23] Operational Highlights - The company opened five new stores in the fourth quarter, totaling 16 new stores for the fiscal year 2024, with plans to open 20-25 new stores in 2025 [8][10] - Merchandise inventories increased by 9.6% to $1,308.8 million compared to $1,194.2 million in the previous year [7][27] - The company reported a cash and cash equivalents balance of $288.9 million, down 17.0% from $347.9 million [7][27] Future Outlook - The company anticipates that the first quarter of 2025 will be challenging for sales and earnings per share, but expects improvements in the second quarter as internal initiatives take effect [10][11] - Initial guidance for fiscal 2025 projects net sales between $6,090 million and $6,265 million, representing a 4.2% increase compared to fiscal 2024 [12][11] - The company aims to enhance its omnichannel experience and leverage customer data more effectively to drive long-term growth [10][11]

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].

Core Viewpoint - Academy Sports and Outdoors, Inc. is set to release its fourth quarter and fiscal 2024 financial results on March 20, 2025, before market opening [1] Company Overview - Academy Sports and Outdoors is a leading full-line sporting goods and outdoor recreation retailer in the United States, founded in 1938 in Texas [3] - The company operates over 300 stores across 21 states, focusing on a localized merchandising strategy that appeals to a diverse consumer base [3] - Academy's product offerings include key categories such as outdoor, apparel, sports & recreation, and footwear, featuring both national brands and private label brands [3] Financial Communication - A live conference call to discuss the financial results will take place on March 20, 2025, at 10:00 a.m. Eastern Time [2] - Participants can access the call via specific dial-in numbers and a conference passcode, with a replay available for approximately 30 days [2]