Business
Academy Sports + Outdoors Continues Pursuit of Becoming the Best Sports + Outdoors Retailer in the Country
With 300+ stores and a sharpened focus on innovation, company accelerates growth KATY, Texas, Oct. 2, 2025 /PRNewswire/ -- With a vision to be the best sports
About this update from Academy Sports And Outdoors, Inc.
[{"type":"text","content":"With 300+ stores and a sharpened focus on innovation, company accelerates growth\nKATY, Texas, Oct. 2, 2025 /PRNewswire/ -- 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.\n\n \n \n \n \n \n \n\n \n\"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.\"\nAcademy has achieved many significant milestones throughout the past five years, including:\nInitial Public Offering\nSeptember 24, 2020: Academy announced the launch of its initial public offering (IPO)October 2, 2020: Academy began trading on the Nasdaq Global Select Market under the ticker symbol \"ASO\"Business & Financial Growth\nRevenue grew from $4.8 billion in 2019 to $5.9 billion by the end of fiscal year 2024Store count expanded to over 300 stores in 21 states including entering new markets in Pennsylvania, Maryland, West Virginia, Virginia, and OhioTotal Shareholder Return has increased over 300% since IPOBought back over a third of the Company, an indicator in confidence in the businessDe-levered the Company and retired roughly $1 billion in debtInstituted a dividendStrategic Partnerships\nLaunched Jordan Brand in 145 stores and online, marking the largest brand rollout in Company historyPartnered with Fanatics, enhancing its licensed sports merchandise offerings with expanded acce...