Academy Sports Struggles In Q3 With Lower Sales And Profit, Cuts Outlook For 2024
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 10 2024
0mins
Source: Benzinga
Earnings Report: Academy Sports and Outdoors, Inc. reported third-quarter adjusted earnings per share of 98 cents, missing estimates, with quarterly sales of $1.34 billion also falling short of expectations. The company experienced a comparable sales decline of 4.9% but opened eight new stores during the quarter.
Outlook and Stock Performance: The company revised its fiscal year 2024 net sales and adjusted EPS projections downward, anticipating a decrease in comparable sales. ASO stock has dropped over 25% year-to-date, trading down 3.79% to $48.50 in premarket activity.
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Analyst Views on ASO
Wall Street analysts forecast ASO stock price to rise
12 Analyst Rating
4 Buy
8 Hold
0 Sell
Moderate Buy
Current: 46.880
Low
50.00
Averages
57.00
High
65.00
Current: 46.880
Low
50.00
Averages
57.00
High
65.00
About ASO
Academy Sports and Outdoors, Inc. is a full-line sporting goods and outdoor recreation retailer in the United States. The Company operates more than 300 stores across 21 states. The Company's product assortment is focused on key categories of outdoor, apparel, sports and recreation, and footwear through both national brands and a portfolio of private label brands. The Company has preferred access to national brands, such as Nike (including Jordan Brand), Under Armour, adidas, Winchester, Columbia Sportswear, The North Face, Brooks, Skechers, Yeti, Stanley and Carhartt. Its private label brand portfolio consists of brands, such as Magellan Outdoors, Academy Sports + Outdoors, BCG, O'rageous, Game Winner, Outdoor Gourmet, Freely, Redfield, H2OX, and R.O.W. Its outdoor product categories include camping, fishing and hunting. Its sports and recreation product categories include fitness, recreation and front end. Its apparel product categories include athletic apparel and licensed apparel.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Academy Launches Patriotic Gear for America's 250th Birthday Celebration
- Summer Patriotic Gear Launch: Academy Sports + Outdoors has unveiled its 'Summer 250 Patriotic Gear' collection, designed to help customers celebrate America's 250th birthday through outdoor activities and gatherings, featuring a diverse range of products including apparel, drinkware, and outdoor essentials to meet varied customer needs.
- Promotional Activities to Attract Customers: From June 29 to July 4, Academy is offering up to 40% off summer essentials, including outdoor apparel and grilling equipment, aimed at drawing more customers into the celebration and boosting sales during this festive period.
- Diverse Product Offering: The collection includes patriotic-themed T-shirts and caps starting at $7.99 and outdoor grills priced from $99.99, showcasing Academy's extensive product selection that caters to customers' patriotic sentiments and summer activities, thereby enhancing the brand's competitive edge in the market.
- Brand Mission and Market Positioning: Since its founding in 1938, Academy has expanded to over 300 stores across 21 states, committed to fulfilling its mission of providing 'Fun for All' through localized merchandising strategies and value propositions that resonate with a broad range of consumers, further solidifying its leadership in the U.S. sporting goods retail market.
See More
Academy Extends Partnership with Boys & Girls Clubs of America
- Community Impact Enhancement: Academy Sports + Outdoors has renewed its partnership with Boys & Girls Clubs of America, focusing on increasing access to sports for youth nationwide through equipment support and philanthropic donations, thereby enhancing its positive image within local communities.
- Significant Event Outcomes: Since the partnership began in 2025, Academy has hosted over 20 events in various markets, benefiting thousands of young people and contributing nearly $250,000 in gift cards and equipment, demonstrating its ongoing commitment to youth development.
- Unique Experience Events: The recent 'Boots & Boots' event in Houston provided 35 children the opportunity to interact with soccer legend Wade Barrett, fostering community engagement and enhancing brand recognition through memorable experiences.
- Corporate Responsibility and Values: Academy consistently upholds responsible leadership and integrity in its business practices, giving back to the communities it serves through charitable initiatives and direct donations, further solidifying its market position.
See More
Academy Extends Partnership with Boys & Girls Clubs of America
- Community Impact Enhancement: Academy Sports + Outdoors has extended its partnership with Boys & Girls Clubs of America, which began in 2025, focusing on increasing youth access to sports and outdoor activities nationwide through equipment support and philanthropic donations, thereby enhancing the brand's community impact.
- Significant Event Count: Since the partnership's inception, Academy and Boys & Girls Clubs have hosted over 20 events across various markets, including Houston, Texas, and Harrisburg, Pennsylvania, helping thousands of young people engage in sports, further solidifying the brand's image of social responsibility.
- Financial Support Commitment: Academy has contributed nearly $250,000 in gift cards, equipment, and experiences to support Clubs and their members, which not only enhances resource availability for the Clubs but also strengthens the brand's connection with the community, showcasing its commitment to social responsibility.
- Innovative Experience Events: The recent Boots & Boots event in Houston provided a unique experience for 35 children, including meeting soccer legend Wade Barrett, which not only elevated brand visibility but also fostered community unity and interaction through innovative event formats.
See More
Academy Launches 'Dadmas' Father's Day Campaign
- Father's Day Campaign Launch: Academy Sports + Outdoors has initiated its 'Dadmas' Father's Day campaign, aimed at helping families create cherished memories by offering a diverse range of outdoor, sports, and lifestyle gifts that enhance customer experience.
- Extensive Product Selection: The campaign features a wide array of outdoor essentials and gifts, catering to families' needs for summer gatherings, fishing trips, and cookouts, ensuring customers can celebrate every kind of dad at unbeatable prices.
- Community Engagement Events: Academy partnered with local organizations to host shopping experiences for fathers and children, including participation from former professional quarterback Colt McCoy, which strengthens father-child bonds and enhances brand image.
- Convenient Shopping Options: To facilitate customer shopping, Academy offers multiple purchasing and fulfillment options, including buy online, pick up in-store, same-day delivery, and free shipping, further enhancing customer convenience and satisfaction.
See More
Academy Launches 'Dadmas' Father's Day Campaign
- Campaign Launch: Academy Sports + Outdoors has initiated its 'Dadmas' campaign, aimed at enhancing Father's Day celebrations by offering a diverse range of outdoor and sports gifts, which is expected to attract more family customers.
- Diverse Product Range: The campaign features a variety of products including Magellan Outdoors fishing shirts, YETI coolers, and golf equipment, catering to different consumer needs and thereby enhancing customer satisfaction and brand loyalty.
- Community Engagement Events: Academy partnered with local organizations to host Father's Day shopping experiences featuring guests like former professional quarterback Colt McCoy, aiming to strengthen brand image and community ties through family interactions.
- Convenient Shopping Options: To enhance shopping convenience, Academy offers multiple purchasing options including online buying, in-store pickup, and same-day delivery, which is expected to further drive sales growth and improve customer experience.
See More
Academy Sports Reports 6.7% Sales Growth in Q1 2026
- Sales Performance Boost: Academy Sports and Outdoors Inc reported $1.44 billion in sales for Q1 2026, reflecting a 6.7% year-over-year increase, with comparable sales rising by 2.9%, indicating robust market performance and sustained customer demand.
- Strong eCommerce Growth: The company experienced a 17% increase in eCommerce sales, demonstrating significant progress in its digital transformation and enhancing its position in a competitive retail landscape, particularly as consumer preferences shift towards online shopping.
- Gross Margin Decline: Despite sales growth, gross margin decreased by 71 basis points to 33.2% year-over-year, primarily due to tariff impacts, highlighting challenges in cost control that could affect future profitability.
- Expansion Plans: The company plans to open 15 to 20 new stores in the second half of 2026, focusing on underserved midsized markets, aiming to drive sales growth and enhance brand presence through increased market coverage.
See More
Academy Launches Patriotic Gear for America's 250th Birthday Celebration
- Summer Patriotic Gear Launch: Academy Sports + Outdoors has unveiled its 'Summer 250 Patriotic Gear' collection, designed to help customers celebrate America's 250th birthday through outdoor activities and gatherings, featuring a diverse range of products including apparel, drinkware, and outdoor essentials to meet varied customer needs.
- Promotional Activities to Attract Customers: From June 29 to July 4, Academy is offering up to 40% off summer essentials, including outdoor apparel and grilling equipment, aimed at drawing more customers into the celebration and boosting sales during this festive period.
- Diverse Product Offering: The collection includes patriotic-themed T-shirts and caps starting at $7.99 and outdoor grills priced from $99.99, showcasing Academy's extensive product selection that caters to customers' patriotic sentiments and summer activities, thereby enhancing the brand's competitive edge in the market.
- Brand Mission and Market Positioning: Since its founding in 1938, Academy has expanded to over 300 stores across 21 states, committed to fulfilling its mission of providing 'Fun for All' through localized merchandising strategies and value propositions that resonate with a broad range of consumers, further solidifying its leadership in the U.S. sporting goods retail market.
See More
Academy Extends Partnership with Boys & Girls Clubs of America
- Community Impact Enhancement: Academy Sports + Outdoors has renewed its partnership with Boys & Girls Clubs of America, focusing on increasing access to sports for youth nationwide through equipment support and philanthropic donations, thereby enhancing its positive image within local communities.
- Significant Event Outcomes: Since the partnership began in 2025, Academy has hosted over 20 events in various markets, benefiting thousands of young people and contributing nearly $250,000 in gift cards and equipment, demonstrating its ongoing commitment to youth development.
- Unique Experience Events: The recent 'Boots & Boots' event in Houston provided 35 children the opportunity to interact with soccer legend Wade Barrett, fostering community engagement and enhancing brand recognition through memorable experiences.
- Corporate Responsibility and Values: Academy consistently upholds responsible leadership and integrity in its business practices, giving back to the communities it serves through charitable initiatives and direct donations, further solidifying its market position.
See More
Academy Extends Partnership with Boys & Girls Clubs of America
- Community Impact Enhancement: Academy Sports + Outdoors has extended its partnership with Boys & Girls Clubs of America, which began in 2025, focusing on increasing youth access to sports and outdoor activities nationwide through equipment support and philanthropic donations, thereby enhancing the brand's community impact.
- Significant Event Count: Since the partnership's inception, Academy and Boys & Girls Clubs have hosted over 20 events across various markets, including Houston, Texas, and Harrisburg, Pennsylvania, helping thousands of young people engage in sports, further solidifying the brand's image of social responsibility.
- Financial Support Commitment: Academy has contributed nearly $250,000 in gift cards, equipment, and experiences to support Clubs and their members, which not only enhances resource availability for the Clubs but also strengthens the brand's connection with the community, showcasing its commitment to social responsibility.
- Innovative Experience Events: The recent Boots & Boots event in Houston provided a unique experience for 35 children, including meeting soccer legend Wade Barrett, which not only elevated brand visibility but also fostered community unity and interaction through innovative event formats.
See More
Academy Launches 'Dadmas' Father's Day Campaign
- Father's Day Campaign Launch: Academy Sports + Outdoors has initiated its 'Dadmas' Father's Day campaign, aimed at helping families create cherished memories by offering a diverse range of outdoor, sports, and lifestyle gifts that enhance customer experience.
- Extensive Product Selection: The campaign features a wide array of outdoor essentials and gifts, catering to families' needs for summer gatherings, fishing trips, and cookouts, ensuring customers can celebrate every kind of dad at unbeatable prices.
- Community Engagement Events: Academy partnered with local organizations to host shopping experiences for fathers and children, including participation from former professional quarterback Colt McCoy, which strengthens father-child bonds and enhances brand image.
- Convenient Shopping Options: To facilitate customer shopping, Academy offers multiple purchasing and fulfillment options, including buy online, pick up in-store, same-day delivery, and free shipping, further enhancing customer convenience and satisfaction.
See More
Academy Launches 'Dadmas' Father's Day Campaign
- Campaign Launch: Academy Sports + Outdoors has initiated its 'Dadmas' campaign, aimed at enhancing Father's Day celebrations by offering a diverse range of outdoor and sports gifts, which is expected to attract more family customers.
- Diverse Product Range: The campaign features a variety of products including Magellan Outdoors fishing shirts, YETI coolers, and golf equipment, catering to different consumer needs and thereby enhancing customer satisfaction and brand loyalty.
- Community Engagement Events: Academy partnered with local organizations to host Father's Day shopping experiences featuring guests like former professional quarterback Colt McCoy, aiming to strengthen brand image and community ties through family interactions.
- Convenient Shopping Options: To enhance shopping convenience, Academy offers multiple purchasing options including online buying, in-store pickup, and same-day delivery, which is expected to further drive sales growth and improve customer experience.
See More
Academy Sports Reports 6.7% Sales Growth in Q1 2026
- Sales Performance Boost: Academy Sports and Outdoors Inc reported $1.44 billion in sales for Q1 2026, reflecting a 6.7% year-over-year increase, with comparable sales rising by 2.9%, indicating robust market performance and sustained customer demand.
- Strong eCommerce Growth: The company experienced a 17% increase in eCommerce sales, demonstrating significant progress in its digital transformation and enhancing its position in a competitive retail landscape, particularly as consumer preferences shift towards online shopping.
- Gross Margin Decline: Despite sales growth, gross margin decreased by 71 basis points to 33.2% year-over-year, primarily due to tariff impacts, highlighting challenges in cost control that could affect future profitability.
- Expansion Plans: The company plans to open 15 to 20 new stores in the second half of 2026, focusing on underserved midsized markets, aiming to drive sales growth and enhance brand presence through increased market coverage.
See More
