Academy Sports And Outdoors, Inc. · NASDAQ:ASO
Academy Sports And Outdoors — Q1 2025 Earnings Presentation
17 slides from Academy Sports And Outdoors's earnings presentation, Jun 10, 2025
Slide 1: Q1 2025 Investor Update
Q1 2025 Investor Update June 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 303 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 45 new stores over the past three years as part of our new store growth strategy, including expanding into 3 new states. During the first quarter we opened 5 new stores. We opened 16 new stores in 2024 and plan to open 20 – 25 stores in 2025 across legacy, existing an
Slide 6: Jordan & Nike Expansion
Jordan & Nike Expansion On April 23rd we 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 that we cross-merchandised apparel + footwear + accessories together by gender, into a b
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: Q1 FY 2025 Results
Q1 FY 2025 Results • Saw second sequential quarter $1.35B with comp sales improvement -3.7% Net Sales Comp Sales -0.9% year-over-year • Opened five new stores • Generated $158M in cash flow from operations and $107M in 34.0% 5 adjusted free cash flow* Gross Margin New Store Openings • Returned $108M
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 account for a wider range of scenarios as the Company moves forward in this uncertain demand environment 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) Thirteen Weeks Ended Percentage of Percentage of May 3, 2025 Sales“ May 4, 2024 Sales” Net sales $ 1,351,409 100.0 % $ 1,364,220 100.0 % Cost of goods sold 892,540 66.0 % 908
Slide 13: Consolidated Balance Sheets
ACADEMY SPORTS AND OUTDOORS, INC. CONSOLIDATED BALANCE SHEETS: (Unaudited) (Amounts in thousands, except per share data) May 3,2025 February 1,2025 May 4, 2024 ASSETS CURRENT ASSETS: ‘Cash and cash equivalents s 285,104 $ 288,929 $ 378,145 Accounts receivable - less allowance for doubtful ‘accounts
Slide 14: Consolidated Statements of Cash Flows
ACADEMY SPORTS AND OUTDOORS. INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (Amounts in thousands) Thirtoon Wooks Ended Way 3, 2025 May 4, 2024 CASH FLOWS FROM OPERATING ACTIVITIES: ‘Net income $ 46,084 S 76.465 Adjustments to reconcile net income to net cash provided by operating activites:
Slide 15: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations Adjusted Net Income, Adjusted Earnings per Common Share, 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, generally accepted accounting p
Slide 16: Adjusted Net Income and Adjusted Earnings Per Common Share
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 Earnings per Common Share, Basic” as Adjusted Net Income divided by the ba
Slide 17: Adjusted Net Income and 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 $ 350 $ 410 Equity compensation (a) 25 25 Adjusted Net I
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