NASDAQ Framework: Academy Sports and Outdoors Inc.

Sporting goods and outdoor recreation retailer 1.
1: Academy Sports and Outdoors, Inc., through its subsidiaries, operates as a sporting goods and outdoor recreational retailer in the United States. The company outdoor division comprises camping products, such as coolers and drinkware, and camping accessories and equipment,; fishing products, including marine equipment and fishing rods, reels, and baits and equipment; and hunting products, which includes firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, gun safes, optics, airguns, and hunting equipment. Its sports and recreation division offers fitness equipment, fitness accessories, and nutrition supplies; team and specialty sports equipment, including baseball, football, basketball, soccer, golf, racket sports, volleyball, backpacks, and sports bags; recreation products, which includes patio furniture, outdoor cooking, trampolines, play sets, watersports, and pet equipment, as well as wheeled goods including bicycles, skateboards, and other ride-on toys; and electronics and watches, as well as front-end products, such as consumables, batteries, etc. The company's apparel division provides outdoor and seasonal apparel, denim, work apparel, graphic t-shirts, and accessories; boys and girls outdoor, and athletic apparel; sporting and fitness apparel; and professional and collegiate team licensed apparel and accessories. Its footwear division offers casual shoes, slippers, seasonal footwear, and socks; work and western boots, shoes, and hunting footwear; boys and girls footwear; athletic footwear, such as running shoes, athletic lifestyle, and training shoes; and team and specialty sports footwear, and slides. The company sells its products under the Academy Sports + Outdoors, Magellan Outdoors, BCG, O'rageous, Game Winner, Outdoor Gourmet, and Freely brand names. Academy Sports and Outdoors, Inc. was founded in 1938 and is headquartered in Katy, Texas. View Source
Academy Sports and Outdoors Inc., founded in 1938 and headquartered in Katy, Texas, operates as a leading full-line sporting goods and outdoor recreation retailer in the United States. The company offers a wide range of products across its outdoor, sports and recreation, apparel, and footwear divisions, including camping gear, fishing and hunting equipment, fitness accessories, team sports gear, casual and athletic footwear, and more 2. Academy Sports and Outdoors, Inc. has grown to 285 stores across 19 states, supported by over 22,000 team members 3. The company went public in October 2020 and trades on NASDAQ under the ticker symbol ASO 4. Despite facing challenges such as economic uncertainty and competitive pressures, Academy continues to expand its footprint and enhance its e-commerce platform to drive future growth 56.
2: Academy Sports and Outdoors, Inc., through its subsidiaries, operates as a sporting goods and outdoor recreational retailer in the United States. The company outdoor division comprises camping products, such as coolers and drinkware, and camping accessories and equipment,; fishing products, including marine equipment and fishing rods, reels, and baits and equipment; and hunting products, which includes firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, gun safes, optics, airguns, and hunting equipment. Its sports and recreation division offers fitness equipment, fitness accessories, and nutrition supplies; team and specialty sports equipment, including baseball, football, basketball, soccer, golf, racket sports, volleyball, backpacks, and sports bags; recreation products, which includes patio furniture, outdoor cooking, trampolines, play sets, watersports, and pet equipment, as well as wheeled goods including bicycles, skateboards, and other ride-on toys; and electronics and watches, as well as front-end products, such as consumables, batteries, etc. The company's apparel division provides outdoor and seasonal apparel, denim, work apparel, graphic t-shirts, and accessories; boys and girls outdoor, and athletic apparel; sporting and fitness apparel; and professional and collegiate team licensed apparel and accessories. Its footwear division offers casual shoes, slippers, seasonal footwear, and socks; work and western boots, shoes, and hunting footwear; boys and girls footwear; athletic footwear, such as running shoes, athletic lifestyle, and training shoes; and team and specialty sports footwear, and slides. The company sells its products under the Academy Sports + Outdoors, Magellan Outdoors, BCG, O'rageous, Game Winner, Outdoor Gourmet, and Freely brand names. Academy Sports and Outdoors, Inc. was founded in 1938 and is headquartered in Katy, Texas. View Source3: Our history is one we take pride in — it has made us who we are today. The first Academy store opened as a tire shop in San Antonio in 1938. It turned into a military surplus store, then began offering sports and outdoors equipment as it evolved into the Academy Sports + Outdoors we know today. Presently, we operate 285 stores in 19 states, supported by more than 22,000 Team Members throughout the South, Southeast, and Midwest. View Source4: On October 2020, Academy launched an initial public offering and became a public company listed on the Nasdaq with the ticker symbol ASO.[9] After going public, a continued national expansion plan was laid out calling for 8-10 stores per year starting in 2022. Shares originally stood below $13, but eventually rose to $40 by June 2021.[10] After its first public year, Academy debuted on the Fortune 500 list of 2021.[11] In 2022, Academy Sports + Outdoors opened its first locations in Virginia and West Virginia. It opened its first Ohio location in Zanesville in 2024. The company has plans to open up to 100 locations in the next five years. View Source5: Challenges Across Divisions: ASO is witnessing softness in sports and recreation sales. During the first quarter, the company reported Issues like a crawfish shortage impacting outdoor cooking sales and weakness in the fitness segment, particularly in cardio equipment. On the soft goods side, apparel sales fell 3% year over year, with licensed apparel being the weakest segment.Gross Margin Pressures: Efficient inventory management is critical for ASO to balance supply and demand, minimize excess stock and reduce carrying costs.From a profitability standpoint, ASO’s gross margin in the first quarter declined 40 basis points year over year to 33.4%. The downside was caused by a shift in sales towards lower-margin hard goods and increased promotional activities. The company reported a dip in merchandise margin, underscoring the difficulty in maintaining profitability in the current economic climate. Although improvements in freight and shrinkage displayed some respite, the mix of lower-margin outdoor products and increased clearance promotions dented overall profitability. Given the reliance on promotional activity to drive sales during key periods, the company is cautious about concerns related to margin stability in the upcoming periods.Consumer and Economic Uncertainty: The broader economic environment and consumer behavior trends add another layer of uncertainty. Consumers are increasingly value-focused and discerning, often seeking discounts and promotions. While Academy Sports aims to target value-oriented customers through its customer data platform and promotions, the effectiveness of these strategies in sustaining long-term growth remains uncertain. It is apprehensive about balancing promotions and maintaining profitability amid economic pressures.Intense Competitive Pressure: The Zacks Rank #4 (Sell) company competes in a fiercely-competitive landscape, contending with both large national chains and nimble online retailers. This includes companies like Sportsman's Warehouse Holdings, Inc. SPWH, DICK'S Sporting Goods, Inc. DKS and On Holding AG ONON. The competitive pressure forces ASO to engage in price competition and promotional activities to attract and retain customers. View Source6: ASO is actively investing in initiatives to boost traffic and sales across its stores and e-commerce platforms, including enhancements to its website and mobile app. The efforts include a new customer data platform and strategies for improved customer segmentation, along with innovative website features, including a redesigned home page and enhanced BOPIS options.The company's improved e-commerce platform supports stores through digital marketing and BOPIS programs, helping to connect with customers and expand the brand's reach. In the first quarter of 2024, 95% of sales were facilitated through stores. Academy Sports expects new store openings, with 15-17 planned for 2024, to drive future revenue growth and improve margins. The company aims for 15% e-commerce penetration over five years, supported by a new partnership with DoorDash. However, these initiatives may take time to yield significant returns and do not guarantee to mitigate the current macroeconomic headwinds. View Source
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Academy Sports and Outdoors Inc. was originally founded in 1938, but it was acquired by Kohlberg Kravis Roberts (KKR) in 2011. There is no indication that the founders are still leading or heavily involved in the company 78.
7: In 2011, Academy Sports + Outdoors was acquired by Kohlberg Kravis Roberts (KKR).[7] Just months after acquisition, the brand launched an e-commerce store and became a multichannel retailer.[8] At that time, Faldyn became CEO and president. In 2012, Academy expanded into North Carolina and Kansas. In 2014, it expanded into Indiana and Kentucky. In 2015, J.K. Symancyk became CEO and president. At that time, Academy opened its 200th store in Tupelo, Mississippi. In 2016, Academy expanded into Illinois and opened a third distribution warehouse in Cookeville, Tennessee. In 2018, the company opened its 250th store in Mansfield, Texas. View Source8: Academy Sports + Outdoors is an American sporting-goods store chain with corporate offices in the Katy Distribution Center in unincorporated western Harris County, Texas, United States, near Katy and west of Houston. For 74 years, it was a privately held company owned by the Gochman family, until its May 2011 acquisition by Kohlberg Kravis Roberts. On October 2020, it was listed on NASDAQ. View Source
MEDIUM RISK

Academy Sports and Outdoors Inc. is navigating a challenging macroeconomic environment that impacts its customer base, with high inflation rates leading to reduced discretionary spending on non-essential items like sports equipment and outdoor goods 9. The company has also faced issues such as a decline in gross margins and softness in sports and recreation sales 10. Despite these challenges, Academy is actively investing in initiatives to boost traffic and sales, including enhancements to its website and mobile app, and plans for new store openings 11. While these efforts may drive future revenue growth, the current economic pressures and competitive landscape pose risks to maintaining profitability 12.
9: Academy Sports and Outdoors, Inc. ASO is navigating a challenging macroeconomic environment that is impacting its customer base. With inflation rates remaining high, the company is witnessing curtailment regarding discretionary spending on non-essential items like sports equipment and outdoor goods. View Source10: Challenges Across Divisions: ASO is witnessing softness in sports and recreation sales. During the first quarter, the company reported Issues like a crawfish shortage impacting outdoor cooking sales and weakness in the fitness segment, particularly in cardio equipment. On the soft goods side, apparel sales fell 3% year over year, with licensed apparel being the weakest segment.Gross Margin Pressures: Efficient inventory management is critical for ASO to balance supply and demand, minimize excess stock and reduce carrying costs.From a profitability standpoint, ASO’s gross margin in the first quarter declined 40 basis points year over year to 33.4%. The downside was caused by a shift in sales towards lower-margin hard goods and increased promotional activities. The company reported a dip in merchandise margin, underscoring the difficulty in maintaining profitability in the current economic climate. Although improvements in freight and shrinkage displayed some respite, the mix of lower-margin outdoor products and increased clearance promotions dented overall profitability. Given the reliance on promotional activity to drive sales during key periods, the company is cautious about concerns related to margin stability in the upcoming periods.Consumer and Economic Uncertainty: The broader economic environment and consumer behavior trends add another layer of uncertainty. Consumers are increasingly value-focused and discerning, often seeking discounts and promotions. While Academy Sports aims to target value-oriented customers through its customer data platform and promotions, the effectiveness of these strategies in sustaining long-term growth remains uncertain. It is apprehensive about balancing promotions and maintaining profitability amid economic pressures.Intense Competitive Pressure: The Zacks Rank #4 (Sell) company competes in a fiercely-competitive landscape, contending with both large national chains and nimble online retailers. This includes companies like Sportsman's Warehouse Holdings, Inc. SPWH, DICK'S Sporting Goods, Inc. DKS and On Holding AG ONON. The competitive pressure forces ASO to engage in price competition and promotional activities to attract and retain customers. View Source11: ASO is actively investing in initiatives to boost traffic and sales across its stores and e-commerce platforms, including enhancements to its website and mobile app. The efforts include a new customer data platform and strategies for improved customer segmentation, along with innovative website features, including a redesigned home page and enhanced BOPIS options.The company's improved e-commerce platform supports stores through digital marketing and BOPIS programs, helping to connect with customers and expand the brand's reach. In the first quarter of 2024, 95% of sales were facilitated through stores. Academy Sports expects new store openings, with 15-17 planned for 2024, to drive future revenue growth and improve margins. The company aims for 15% e-commerce penetration over five years, supported by a new partnership with DoorDash. However, these initiatives may take time to yield significant returns and do not guarantee to mitigate the current macroeconomic headwinds. View Source12: Challenges Across Divisions: ASO is witnessing softness in sports and recreation sales. During the first quarter, the company reported Issues like a crawfish shortage impacting outdoor cooking sales and weakness in the fitness segment, particularly in cardio equipment. On the soft goods side, apparel sales fell 3% year over year, with licensed apparel being the weakest segment.Gross Margin Pressures: Efficient inventory management is critical for ASO to balance supply and demand, minimize excess stock and reduce carrying costs.From a profitability standpoint, ASO’s gross margin in the first quarter declined 40 basis points year over year to 33.4%. The downside was caused by a shift in sales towards lower-margin hard goods and increased promotional activities. The company reported a dip in merchandise margin, underscoring the difficulty in maintaining profitability in the current economic climate. Although improvements in freight and shrinkage displayed some respite, the mix of lower-margin outdoor products and increased clearance promotions dented overall profitability. Given the reliance on promotional activity to drive sales during key periods, the company is cautious about concerns related to margin stability in the upcoming periods.Consumer and Economic Uncertainty: The broader economic environment and consumer behavior trends add another layer of uncertainty. Consumers are increasingly value-focused and discerning, often seeking discounts and promotions. While Academy Sports aims to target value-oriented customers through its customer data platform and promotions, the effectiveness of these strategies in sustaining long-term growth remains uncertain. It is apprehensive about balancing promotions and maintaining profitability amid economic pressures.Intense Competitive Pressure: The Zacks Rank #4 (Sell) company competes in a fiercely-competitive landscape, contending with both large national chains and nimble online retailers. This includes companies like Sportsman's Warehouse Holdings, Inc. SPWH, DICK'S Sporting Goods, Inc. DKS and On Holding AG ONON. The competitive pressure forces ASO to engage in price competition and promotional activities to attract and retain customers. View Source
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There is no indication that Academy Sports and Outdoors Inc. is launching any new product offerings [fERROR]NO

There is no indication that Academy Sports and Outdoors Inc. is launching any new product offerings [fERROR].
Academy Sports and Outdoors Inc. has laid out a robust expansion strategy for 2024 through 2026, focusing on both physical store growth and digital enhancements. The company plans to open 15-17 new stores in 2024, with a goal of adding up to 100 new locations over the next five years 1314. Additionally, Academy is investing in its e-commerce platform, aiming for a 15% e-commerce penetration supported by a new partnership with DoorDash 15. These initiatives are designed to drive future revenue growth and improve margins, although they may take time to yield significant returns amid current macroeconomic headwinds 16.
13: On October 2020, Academy launched an initial public offering and became a public company listed on the Nasdaq with the ticker symbol ASO.[9] After going public, a continued national expansion plan was laid out calling for 8-10 stores per year starting in 2022. Shares originally stood below $13, but eventually rose to $40 by June 2021.[10] After its first public year, Academy debuted on the Fortune 500 list of 2021.[11] In 2022, Academy Sports + Outdoors opened its first locations in Virginia and West Virginia. It opened its first Ohio location in Zanesville in 2024. The company has plans to open up to 100 locations in the next five years. View Source14: ASO is actively investing in initiatives to boost traffic and sales across its stores and e-commerce platforms, including enhancements to its website and mobile app. The efforts include a new customer data platform and strategies for improved customer segmentation, along with innovative website features, including a redesigned home page and enhanced BOPIS options.The company's improved e-commerce platform supports stores through digital marketing and BOPIS programs, helping to connect with customers and expand the brand's reach. In the first quarter of 2024, 95% of sales were facilitated through stores. Academy Sports expects new store openings, with 15-17 planned for 2024, to drive future revenue growth and improve margins. The company aims for 15% e-commerce penetration over five years, supported by a new partnership with DoorDash. However, these initiatives may take time to yield significant returns and do not guarantee to mitigate the current macroeconomic headwinds. View Source15: ASO is actively investing in initiatives to boost traffic and sales across its stores and e-commerce platforms, including enhancements to its website and mobile app. The efforts include a new customer data platform and strategies for improved customer segmentation, along with innovative website features, including a redesigned home page and enhanced BOPIS options.The company's improved e-commerce platform supports stores through digital marketing and BOPIS programs, helping to connect with customers and expand the brand's reach. In the first quarter of 2024, 95% of sales were facilitated through stores. Academy Sports expects new store openings, with 15-17 planned for 2024, to drive future revenue growth and improve margins. The company aims for 15% e-commerce penetration over five years, supported by a new partnership with DoorDash. However, these initiatives may take time to yield significant returns and do not guarantee to mitigate the current macroeconomic headwinds. View Source16: ASO is actively investing in initiatives to boost traffic and sales across its stores and e-commerce platforms, including enhancements to its website and mobile app. The efforts include a new customer data platform and strategies for improved customer segmentation, along with innovative website features, including a redesigned home page and enhanced BOPIS options.The company's improved e-commerce platform supports stores through digital marketing and BOPIS programs, helping to connect with customers and expand the brand's reach. In the first quarter of 2024, 95% of sales were facilitated through stores. Academy Sports expects new store openings, with 15-17 planned for 2024, to drive future revenue growth and improve margins. The company aims for 15% e-commerce penetration over five years, supported by a new partnership with DoorDash. However, these initiatives may take time to yield significant returns and do not guarantee to mitigate the current macroeconomic headwinds. View Source