Business
Academy Sports + Outdoors Reports Fourth Quarter and Fiscal 2024 Results
Fourth Quarter Comparable Sales Declined (3.0)%: a +190 Basis Point Improvement vs. Third Quarter 2024 Fourth Quarter Diluted GAAP EPS of $1.89: Above the
About this update from Academy Sports And Outdoors, Inc.
[{"type":"text","content":"Fourth Quarter Comparable Sales Declined (3.0)%: a +190 Basis Point Improvement vs. Third Quarter 2024 Fourth Quarter Diluted GAAP EPS of $1.89: Above the Midpoint of Updated Guidance Provided Company Announces Launch of Jordan Brand in 145 Stores and Online Beginning in Late April Quarterly Dividend Increased by 18% Per Share KATY, Texas, March 20, 2025 (GLOBE NEWSWIRE) -- Academy Sports and Outdoors, Inc. (Nasdaq: ASO) (\"Academy\" or the \"Company\") today announced its financial results for the fourth quarter and fiscal year ended February 1, 2025. Fourth quarter and fiscal year 2024 included 13 and 52 weeks, respectively, compared to 14 and 53 weeks in fourth quarter and fiscal year 2023, respectively. “Looking back on 2024, our team made significant strides toward achieving our long-term goals, all while thoughtfully navigating a challenging macroeconomic environment. As we head into 2025, we’re energized by the opportunities that lie ahead. The foundation for growth that we’ve built over the past year should yield meaningful results this year and into the future.” said Steve Lawrence, Chief Executive Officer. “This year, we are introducing an exciting slate of new brands, including the launch of the Jordan brand with a focus on sport, with shops in men's, women's and kids. We're also bolstering our targeted marketing capabilities, and rolling out new technology across our stores, all designed to elevate our ability to serve our core customers. These innovations, combined with our unwavering commitment to value leadership, position us for a pivotal year in which we anticipate a return to topline sales growth.” Fourth Quarter Operating Results($ in millions, except per share data)Quarter Ended Change February 1, 2025 (13 weeks)February 3, 2024 (14 weeks)%Net sales$1,676.9 $1,794.8(6.6)%Comparable sales (3.0)% (3.6)% Income before income tax$165.3 $211.3(21.8)%Net income (1)$133.6 $168.2(20.6)%Adjusted net income (2)$138.8 $168.2(17.5)%%%Earnings per common share, diluted$1.89 $2.21(14.5)%Adjusted earnings per common share, diluted (2)$1.96 $2.21(11.3)% Fiscal 2024 Operating Results($ in millions, except per share data)Fiscal Year EndedChangeFebruary 1, 2025(52 weeks)February 3, 2024(53 weeks)%Net sales$5,933.4 $6,159.3(3.7)%Comparable sales (5.1)% (6.5)% Income before income tax$538.2 $663.2(18.8)%Net income (1)$418.4 $519....