Academy Sports And Outdoors, Inc. · NASDAQ:ASO
Academy Sports And Outdoors — Q3 2025 Earnings Presentation
18 slides from Academy Sports And Outdoors's earnings presentation, Dec 9, 2025
Slide 1: Q3 2025 Earnings Presentation
Q3 2025 Earnings Presentation December 2025
Slide 2: Safe Harbor/Forward Looking Statements
Safe Harbor/Forward Looking Statements This presentation by Academy Sports and Outdoors, Inc. (the “Company”) contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These for
Slide 3: Who is Academy Sports + Outdoors?
Who is Academy Sports + Outdoors? • We are a $6 billion retailer of trending VISION outdoor and sport categories, operating 317 stores across 21 states1 and counting To be the BEST sports + outdoors retailer in the country • We have a significant growth MISSION opportunity, highlighted by our curren
Slide 4: Growth Plan: Strategy & Goals
Growth Plan: Strategy & Goals O U R S T R AT E G Y OUR LONG-RANGE GOALS* 1.Open NEW STORES to expand the store base by 50%+ in existing and new markets 2.Build a more powerful OMNI-CHANNEL business 3.Drive our EXISTING BUSINESS by: – Improving service and productivity in our stores – Strengthening
Slide 5: New Store Growth
New Store Growth ASO has opened 59 new stores over the past three+ years as part of our new store growth strategy, including expanding into 3 new states. During the third quarter we opened 11 new stores and opened an additional 5 stores in the fourth quarter. We opened 16 new stores in fiscal 2024 a
Slide 6: Jordan & Nike Expansion
Jordan & Nike Expansion On April 23rd, the Company launched the Jordan Brand in 145 doors and online and expanded our Nike assortment in the majority of the stores and online. For the Jordan Brand, this was the first time the Company cross-merchandised apparel + footwear + accessories together by ge
Slide 7: Management: Experienced Retail Leadership
Management: Experienced Retail Leadership Steve Lawrence Sam Johnson Carl Ford Matt McCabe CEO President EVP, CFO EVP, CMO ▪ Served as CEO and member of the ▪ Served as President since October ▪ Served as EVP and CFO since July ▪ Served as EVP and CMO since June 2023 Board of Directors since June 20
Slide 8: Q3 FY 2025 Results
Q3 FY 2025 Results • Sales growth of 3% $1.4B -0.9% Net Sales • Ecom sales growth of 22.2% 3.0% year-over-year Comp Sales • Gross Margin expansion of 170 basis points 35.7% 11 • EPS growth of 14% Gross Margin New Store Openings • Opened eleven new stores $1.05 $1.14* GAAP EPS Adjusted EPS Source: Th
Slide 9: Capital Allocation Framework
Capital Allocation Framework Framework Pillar ASO Action Optimize the Capital Structure ✓ Optimize the Capital Structure ▪ Keep leverage metrics in line to below industry peers and ratings agencies’ expectations ▪ Create a capital structure sustainable through all ▪ Consistently evaluate proper debt
Slide 10: Fiscal 2025 Revised Guidance
Fiscal 2025 Revised Guidance Fiscal 2025 guidance has been updated to narrow the low-end of sales guidance from -3.0% to -2.0%, and the high-end form +1.0% to flat. The updated sales guidance range is -2.0% to flat. The Company expects the tax rate for the year to be 23.5%. 10
Slide 11: Financials
Financials 11
Slide 12: Consolidated Statements of Income
ACADEMY SPORTS AND OUTDOORS, INC. CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (Amounts in thousands, except per share data) rcentage of | November 2 Sales 2024 Net sales $ 100.0% $ 4,256,530 100.0 % Cost of goods sold 64.7 % 2,785,299 65.4% Gross margin 35.3% 1,471,231 34.6% Selling, general and a
Slide 13: Consolidated Balance Sheets
ACADEMY SPORTS AND OUTDOORS, INC. ‘CONSOLIDATED BALANCE SHEETS (Unaudited) (Amounts in thousands, except per share data) November 1, 2025 Februa November 2, 2024 ASSETS CURRENT ASSETS: (Cash and cash equivalents $ 209,487 $ 228,020 $ 295,008 Accounts receivable - less allowance for doubtful ‘account
Slide 14: Consolidated Statements of Cash Flows
ACADEMY SPORTS AND OUTDOORS, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (Amounts in thousands) Thirty-Nine Weeks Ended Wovember 4.2025 | November 2.2024 ‘CASH FLOWS FROM OPERATING ACTIVITIES: Net income s 243,080 § 284.816 ‘Adjustments to reconcile net inoome to net cash provided by oper
Slide 15: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations Adjusted Net Income, Adjusted Earnings per Common Share, Adjusted EBITDA, Adjusted EBIT and Adjusted Free Cash Flow, have been presented in this presentation as supplemental measures of financial performance that are not required by, or presented in accordance with,
Slide 16: Reconciliations of GAAP to Non-GAAP Financial Measures
Academ SPORTS+OUTDOORS y ACADEMY SPORTS AND OUTDOORS, INC. RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES (Unaudited) Adjusted EBITDA and Adjusted EBIT We define “Adjusted EBITDA" as net income (loss) before interest expense, net, income tsx expense and deprecistion, amortization, snd impair
Slide 17: Adjusted Net Income and Adjusted Earnings Per Common Share
Academ SPORTS+OUTDOORS y Adjusted Net Income and Adjusted Earnings Per Common Share We define “ Net Income” 25 net income (oss) pis other ausimartsincuded inthe table below, less the tax effec of these adjustments. We define “Adjusted Eamings per Common Share, Basic” as Adjusted Net Income divided b
Slide 18: Adjusted Net Income and Adjusted EPS, Diluted, Guidance Reconciliation
Adjusted Net Income and Adjusted Earnings Per Common Share, Diluted, Guidance Reconciliation (amounts in millions, except per share data) January 31, 2026 January 31, 2026 Net Income $ 365.0 $ 400.0 Equity compensation (a) $ 200 $ 20.0 ‘Adjusted Net Income A 385.0 $ 420.0 Eamings Per Common Share, D
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