Academy Sports and Outdoors Reports Q1 Fiscal 2025 Results

Academy Sports And Outdoors, Inc. ( (ASO) ) has released its Q1 earnings. Here is a breakdown of the information Academy Sports And Outdoors, Inc. presented to its investors.

Academy Sports and Outdoors, Inc. is a leading sporting goods and outdoor recreation retailer in the United States, known for its diverse product offerings across outdoor, apparel, sports, and footwear categories, and a strong presence with over 300 stores in 21 states.

In its first quarter fiscal 2025 earnings report, Academy Sports and Outdoors reported a slight decline in net sales by 0.9% and a comparable sales drop of 3.7%. Despite these challenges, the company saw a 10.2% increase in eCommerce sales and successfully opened five new stores, expanding its footprint into Pennsylvania and Maryland.

Key financial metrics highlighted a decrease in net income by 39.7% to $46.1 million and a diluted earnings per share of $0.68, down from $1.01 in the same quarter last year. The company returned $108 million to shareholders through share buybacks and dividends. Additionally, Academy has been proactive in mitigating tariff impacts by diversifying its supply chain and reducing exposure to China.

Looking ahead, Academy Sports and Outdoors has revised its fiscal 2025 guidance to account for economic uncertainties, including inflationary pressures. The company remains optimistic about its strategic initiatives and expects to continue capturing market share by focusing on value offerings and expanding its store network.