Academy Sports And Outdoors, Inc. · NASDAQ:ASO
Academy Sports And Outdoors — Q2 2025 Earnings Presentation
19 slides from Academy Sports And Outdoors's earnings presentation, Sep 2, 2025
Slide 1: Q2 2025 Earnings Presentation
Q2 2025 Earnings Presentation September 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 306 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 48 new stores over the past three years as part of our new store growth strategy, including expanding into 3 new states. During the second quarter we opened 3 new stores and plan to open an additional 11 stores in the third quarter. We opened 16 new stores in fiscal 2
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: Q2 FY 2025 Results
Q2 FY 2025 Results • Saw third sequential quarter with comp sales improvement $1.6B 0.2% Net Sales Comp Sales 3.3% year-over-year • Posted first positive quarterly comp since 2021 • Opened three new stores 36.0% 3 Gross Margin New Store Openings • Generated $79M in cash flow from operations and ~$22
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 -4.0% to -3.0%. The updated sales guidance range is -3.0% to positive 1.0%. 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 (Thirteen Weeks)
ACADEMY SPORTS AND OUTDOORS, INC. CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (Amounts in thousands, except per share data) Thirteen Weeks Ended August Sales (1) August 3, 2024 Sales (1) Net sales $ 1,599,838 100.0% $ 1,548,980 100.0 % Cost of goods sold 1,023,105 64.0 % 990,255 63.9 % Gross margi
Slide 13: Consolidated Statements of Income (Twenty-Six Weeks)
ACADEMY SPORTS AND OUTDOORS, INC. CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (Amounts in thousands, except per share data) Twenty-Six Weeks Ended ercentage o' centage of August 2, 2025 Sales (?) August 3, 2024 Sales (? Net sales $ 2,951,247 100.0% §$ 2,913,200 100.0 % Cost of goods sold 64.9 % 1,
Slide 14: Consolidated Balance Sheets
ACADEMY SPORTS AND OUTDOORS, INC. ‘CONSOLIDATED BALANCE SHEETS (Unaudited) (Amounts in thousands, except per share data) August 2, 2025 February 1, 2025 August 3, 2024 ASSETS CURRENT ASSETS: Cash and cash equivalents s 300,860 § 288,929 $ 324,568 ‘Accounts receivable - less allowance for doubtful ac
Slide 15: Consolidated Statements of Cash Flows
ACADEMY SPORTS AND OUTDOORS, INC. ‘CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (Amounts in thousands) Twenty-Six Weeks Ended (CASH FLOWS FROM OPERATING ACTIVITIES: Net income. $ 171,518 $ 219,053 Adjustments to reconcile net income to net cash provided by operating activites: Depreciation and
Slide 16: 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 17: Reconciliations of GAAP to Non-GAAP Financial Measures
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 tax expense and depreciation, amortization, and impairment, and other adjustmen
Slide 18: Adjusted Net Income and Adjusted Earnings Per Common Share
Academ SPORTS+OUTDOORS y Adjusted Net Income and Adjusted Earnings Per Common Share We define “Adjusted Net Income” as net income (loss) plus other adjustments included in the table below, less the tax effect of these adjustments. We define “Adjusted Eamings per Common Share, Basic" as Adjusted Net
Slide 19: Guidance Reconciliation and Adjusted Free Cash Flow
Academ SPORTS+OUTDOORS y Adjusted Net Income and Adjusted Earnings Per Common Share, Diluted, Guidance Reconciliation (amounts in millions, except per share data) Low Range* High Range* Fiscal Year Ending Fiscal Year Ending January 31, 2026 January 31, 2026 Net Income $ 360.0 $ 410.0 Equity compensa
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