Financial Data and Key Metrics Changes - The company reported consolidated revenue of $147 million for Q4 2025, reflecting a 1% year-over-year increase and a 6% sequential increase from Q3 2025 [10] - EBITDA for Q4 2025 was $8.6 million, up from $7.3 million in the prior year, with an EBITDA margin improvement of 90 basis points to 5.9% [14] - Diluted EPS nearly doubled to $0.23 from $0.13 in the prior year period [14] Business Segment Data and Key Metrics Changes - The Branded Products segment, the largest, generated $97 million in revenue, a 5% increase year-over-year and a 14% sequential increase [10][5] - Healthcare Apparel revenue was $29 million, down from $30 million a year earlier, reflecting macro uncertainty [11] - Contact Centers revenue declined 8% year-over-year to $22 million, impacted by customer losses [11][8] Market Data and Key Metrics Changes - Economic uncertainty persists among customers across all business lines, yet consolidated revenues grew in Q4 2025 [4] - The company anticipates growth in all three segments for 2026, assuming macro conditions normalize [12] Company Strategy and Development Direction - The overarching strategy is to emerge stronger from economic uncertainties while increasing market share [5] - The company plans to invest in growth while driving efficiencies and reducing unnecessary costs [5] - There is a focus on expanding the sales force and leveraging technology to enhance efficiency [6] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the operating environment, noting that customer decision-making remains constrained due to geopolitical and economic uncertainties [25] - The outlook for 2026 includes a revenue range of $572 million to $585 million, implying a growth of 3% at the high end [17] - Full-year earnings per diluted share are expected to be in the range of $0.54 to $0.66, indicating significant improvement over $0.46 in 2025 [18] Other Important Information - The company reduced SG&A expenses by about $1.4 million compared to the year-ago quarter, improving SG&A as a percentage of sales to 33.2% [13] - The balance sheet remains solid with $24 million in cash and cash equivalents at year-end, and total liquidity exceeding $100 million [15][16] Q&A Session Summary Question: Update on Wink and Carhartt brands - Management noted positive growth in both brands, particularly in the direct-to-consumer channel, despite some softness in Q4 [21][22] Question: Contact Centers revenue stabilization and macro-driven hesitancy - Management acknowledged ongoing hesitancy in customer decision-making but expressed cautious optimism about new customer growth and pipeline improvements [27][28] Question: Revenue growth drivers in Branded Products - Revenue growth was attributed to a combination of expanded sales force, strong underlying fundamentals, and seasonal demand [29] Question: Margin expansion expectations - Management expects margin improvement from gross margin expansion, slight SG&A improvements, and lower interest expenses [34] Question: Acquisition environment - The acquisition environment remains robust, with ongoing interest in potential targets, although many are not deemed valuable [38][39] Question: CapEx expectations for 2026 - No significant changes in CapEx are anticipated, with plans to maintain a similar expenditure level as in previous years [40]

Core Insights - Academy Sports + Outdoors is committed to expanding its presence by opening 20-25 new stores in fiscal 2025, having recently opened two new locations and planning another in Morgantown, W.Va [1][4] - The company has surpassed 300 total stores as of Q1 2025, reinforcing its mission to provide quality sporting goods and outdoor gear to families across the United States [1][10] Expansion Plans - In 2023, Academy opened 14 new stores across six states, followed by 16 new stores in 2024 across ten states, including its first locations in Ohio [4] - As of 2025, Academy has opened 7 new stores in six states, marking its first entries in Pennsylvania and Maryland [4] Community Engagement - Academy celebrated new store openings by hosting donation shopping sprees with local non-profits, enhancing community involvement and support [3][4] - The company's donations have positively impacted local communities by providing essential equipment and promoting youth participation in sports [4] Product Offering - Each Academy store offers a wide range of products including apparel, footwear, sports equipment, and outdoor gear from top national brands at competitive prices [2][5] - Academy also features exclusive private label brands that provide quality outdoor apparel and equipment [6] Customer Experience - The company provides free services such as grill and bike assembly, and offers a rewards program, myAcademy, which includes various customer benefits [8][9]