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: Third Quarter 2025 Earnings Presentation
Third Quarter 2025 Earnings Presentation December 2025
Slide 2: Safe Harbor/Forward Looking Statements
Safe Harbor/Forward Looking Statements 2 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 f
Slide 3: Who is Academy Sports + Outdoors?
Who is Academy Sports + Outdoors? 3 • We are a $6 billion retailer of trending outdoor and sport categories, operating 317 stores across 21 states1 and counting • We have a significant growth opportunity, highlighted by our current plan to expand store footprint and omnichannel business • Deep consu
Slide 4: Growth Plan: Strategy & Goals
Growth Plan: Strategy & Goals OUR STRATEGY 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 our merchandising through mean
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 7 Sam Johnson President Matt McCabe EVP, CMO Carl Ford EVP, CFO Served as CEO and member of the Board of Directors since June 2023 Joined the Company in February 2019 as EVP and CMO Served as President since October 2023 Joined the Company in April 2
Slide 8: Q3 FY 2025 Results
Q3 FY 2025 Results 8 $1.4B Net Sales 3.0% year-over-year -0.9% Comp Sales 35.7% Gross Margin 11 New Store Openings $1.05 GAAP EPS $1.14* Adjusted EPS Source: The Company’s Q3 2025 earnings release and 10-Q to be filed on 12/9/2025. *Adjusted earnings per common share (EPS), diluted is a non-GAAP mea
Slide 9: Capital Allocation Framework
Capital Allocation Framework Optimize the Capital Structure Ensure Adequate Stability A Strong Balance Sheet for Strategic Priorities Optimize Stakeholder Value Create a capital structure sustainable through all business cycles Hold liquidity to protect against downturns and to take advantage of
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) November centage of November rcentage of 2025 Sales (?) 2024 Sales (?) Net sales $ 4,334,942 100.0% $ 4,256,530 100.0 % Cost of goods sold 2,805,931 64.7 % 2,785,299 65.4% Gr
Slide 13: Consolidated Balance Sheets
ACADEMY SPORTS AND OUTDOORS, INC. ‘CONSOLIDATED BALANCE SHEETS (Unaudited) (Amounts in thousands, except per share data) November 4, 2025 _Februaty 4, 202 ASSETS CURRENT ASSETS: ‘Cash and cash equivalents s easy Senne ‘Accounts receivable - ess slowance for doubt ‘sccounis of $2,105, $2,752 ana $2,6
Slide 14: Consolidated Statements of Cash Flows
Academ' SPORTS+OUTDOORS y ACADEMY SPORTS AND OUTDOORS, INC. ‘CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (Amounts in thousands) Thicy-Nine Weeks Ended November 1.2025 — November 2 2028 “CASH FLOWS FROM OPERATING ACTIVITES: Sac Wet income $2000 204018 Adjustments to reconciie oat income to nat
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: Adjusted EBITDA and EBIT
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 impeirment, and other adjustme
Slide 17: Adjusted Net Income and Adjusted Earnings Per Common Share
Academ' SPORTS+OUTDOORS y Adjusted Net Income and Adjusted Eamings 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. Ve define “Adjusted Eamings per Common Share, Basic’ as Adjusted Net
Slide 18: Adjusted Net Income and Adjusted EPS Guidance Reconciliation
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 Ss (3650S 00 Equity compensation s 200 $ 200 Eamings Per
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