ASO Stock Recent News

Academy Sports and Outdoors' aggressive expansion plan and omnichannel development could drive significant growth, potentially making the company  undervalued by 31%. The company's long-term strategy includes opening 160-180 new stores by 2027, enhancing omnichannel capabilities, and optimizing existing store productivity. Despite recent sales challenges, Academy's strong fundamentals and financial position support the feasibility of its growth plan, targeting $10 billion in revenue.

ASO, AVD and CVS have been added to the Zacks Rank #24 (Strong Sell) List on September 27, 2024.

ASO, ARCH and CSWC have been added to the Zacks Rank #23 (Strong Sell) List on September 23, 2024.

Academy Sports and Outdoors plans to open 160-180 new stores in five years, growing sales annually by 66%. Despite recent sales declines, ASO's improved inventory management and gross margin expansion indicate a strong business model. Management's commentary supports continued expansion.

Academy Sports' second-quarter fiscal 2024 results reflect soft demand trends due to macroeconomic uncertainties.

Academy Sports and Outdoors faces challenges with declining earnings, underperforming new stores, and a downward revision of sales targets, leading to a neutral rating. Despite a 5-year expansion plan, Academy's comparable sales are down for the third consecutive year, contrasting with Dick's Sporting Goods' growth. ASO's Q2 results showed a 2.2% YoY decline in net sales and a 9.2% decrease in net income, with higher SG&A expenses impacting profitability.

Academy Sports + Outdoors (ASO) shares advanced in intraday trading Tuesday after the sporting goods and recreational products retailer beat second-quarter adjusted profit expectations, even though it posted a sales drop and cut its guidance amid difficult economic conditions.

Net Sales Decline (2.2)% ; Comparable Sales of (6.9)% GAAP Diluted EPS of $1.95 , or $2.03 Adjusted Diluted EPS Year-to-Date Adjusted Free Cash Flow +60%; Utilized to Return $107 Million to Shareholders in Q2 Fiscal 2024 Guidance Revised; Reaffirming Gross Margin Rate Guidance KATY, Texas, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Academy Sports and Outdoors, Inc. (Nasdaq: ASO) ("Academy" or the "Company") today announced its financial results for the second quarter ended August 3, 2024.

Academy Sports and Outdoors, Inc. ASO is set to report earnings results for its second quarter, before the opening bell on Tuesday.

KATY, Texas , Sept. 5, 2024 /PRNewswire/ -- Academy Sports and Outdoors, Inc. (the "Company" or "Academy") (Nasdaq: ASO) announced today that its Board of Directors approved the declaration of a quarterly cash dividend with respect to the fiscal quarter ended August 3, 2024 of $0.11 per share of the Company's common stock.