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Katy,
TX – October 2025 / NewsmakerAlert: With
a vision to be the best sports + outdoors retailer in the country, Academy
Sports + Outdoors (“Academy” or the “Company”) (Nasdaq: ASO), is well
on its way after going public in 2020. The Company’s growth strategy is
rooted in opening new stores, investing in the e-commerce experience on
Academy.com, driving productivity in its existing stores, and investing
in technological advancements.
“The
past five years have been transformative for Academy
Sports + Outdoors. Since going public, we’ve pursued our growth strategy
with vigor resulting in an expanded store footprint, strengthened e-commerce
capabilities, and a refined merchandising strategy, still centered on value,
to better serve our customers,” said Steve
Lawrence, Chief Executive Officer. “As we reflect on our achievements,
we recognize they’re not just numbers; they represent our commitment to
becoming the best sports and outdoors retailer in the country. As we look
ahead, we are focused on delivering value, enhancing the customer experience,
and continuing to capture market share. Our long-range plan is clear: grow
with purpose, lead with innovation, and continue to be the destination
for all things sports and outdoors.”
Academy
has achieved many significant milestones throughout the past five years,
including:
Initial
Public Offering
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September
24, 2020: Academy announced the launch of its initial public offering (IPO)
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October
2, 2020: Academy began trading on the Nasdaq Global Select Market under
the ticker symbol “ASO”
Business
& Financial Growth
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Revenue
grew from $4.8 billion in 2019 to $5.9 billion by the end of fiscal year
2024
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Store
count expanded to over 300 stores in 21 states including entering new markets
in Pennsylvania, Maryland, West Virginia, Virginia, and Ohio
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Total
Shareholder Return has increased over 300% since IPO
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Bought
back over a third of the Company, an indicator in confidence in the business
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De-levered
the Company and retired roughly $1 billion in debt
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Instituted
a dividend
Strategic
Partnerships
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Launched
Jordan Brand in 145 stores and online, marking the largest brand rollout
in Company history
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Partnered
with Fanatics, enhancing its licensed sports merchandise offerings with
expanded access to team gear and fan apparel
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Teamed
up with DoorDash to offer same-day delivery services
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Launched
R.O.W.™ (Right of Way), a purpose-driven private brand designed to inspire
confidence, celebrate individuality, and promote inclusivity through performance
athletic apparel, reinforcing the Company’s commitment to community empowerment
and an accessible active lifestyle
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Collaborated
with Whataburger on multiple limited-time collections featuring both iconic
Texas brands
Community
Giving
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Launched
national partnerships with Boys & Girls Clubs of America, Babe Ruth
League, and Operation Homefront
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Donated
over $2.2 million to St. Jude Children’s Research Hospital between 2021
and 2025
Customers
can visit Academy’s Investor Relations
site to view more details and learn about Academy’s financials, filings,
and news.
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About
Academy Sports + Outdoors
Academy
is a leading full-line sporting goods and outdoor recreation retailer in
the United States. Originally founded in 1938 as a family business in Texas,
Academy has grown to more than 300 stores across 21 states and counting.
Academy’s mission is to provide “Fun for All” and Academy fulfills this
mission with a localized merchandising strategy and value proposition that
strongly connects with a broad range of consumers. Academy’s product assortment
focuses on key categories of outdoor, apparel, sports & recreation
and footwear through both leading national brands and a portfolio of private
label brands. For more information, visit www.Academy.com.
Forward
Looking Statements
This
press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, as amended. These forward-looking
statements are based on Academy’s current expectations and are not guarantees
of future performance. Forward-looking statements may incorporate words
such as “believe,” “expect,” “anticipate,” “forward,” “ahead,” “opportunities,”
“plans,” “priorities,” “goals,” “future,” “short/long term,” “will,” “should,”
or the negative version of these words or other comparable words. Actual
results may differ materially from these expectations due to changes in
global, regional, or local economic, business, competitive, market, regulatory
and other factors, many of which are beyond Academy’s control. These and
other important factors that could cause actual results to differ materially
from those in the forward-looking statements are set forth in Academy’s
filings with the U.S. Securities and Exchange Commission (the “SEC”), including
Academy’s Annual Report on Form 10-K under the caption “Part 1A.Risk Factors,”
as may be updated from time to time in our periodic filings with the SEC.
Any forward-looking statement in this press release speaks only as of the
date of this release. Academy undertakes no obligation to publicly update
or review any forward-looking statement, whether as a result of new information,
future developments or otherwise, except as may be required by any applicable
securities laws.
Media
Contact:
Allan
Rojas
Director,
Communications
LinkedIn |
