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Academy Sports + Outdoors Continues Pursuit of Becoming the Best Sports + Outdoors Retailer in the Country
Prnewswire· 2025-10-02 12:55
Core Insights - Academy Sports + Outdoors aims to be the leading sports and outdoor retailer in the U.S., focusing on growth through new store openings, enhanced e-commerce, and technological investments [1][2] Business Growth - Since going public in 2020, Academy has expanded its store count to over 300 across 21 states, including new markets like Pennsylvania, Maryland, West Virginia, Virginia, and Ohio [5] - Revenue increased from $4.8 billion in 2019 to $5.9 billion by the end of fiscal year 2024, reflecting a strong growth trajectory [5] - Total Shareholder Return has risen over 300% since the IPO, indicating robust investor confidence [5] Strategic Initiatives - The company has bought back over a third of its shares, demonstrating confidence in its business model [5] - Academy has retired approximately $1 billion in debt, enhancing its financial stability [5] - The launch of the Jordan Brand in 145 stores marks the largest brand rollout in the company's history [5] Partnerships and Community Engagement - Collaborations with Fanatics and DoorDash have expanded product offerings and improved customer service through same-day delivery [5] - The introduction of the R.O.W.™ private brand emphasizes community empowerment and inclusivity [5] - Academy has donated over $2.2 million to St. Jude Children's Research Hospital from 2021 to 2025, showcasing its commitment to social responsibility [5]