Q3 2025 Academy Sports and Outdoors Inc Earnings Call Transcript
Key Points
- Academy Sports and Outdoors Inc (ASO) reported a 3% increase in net sales for the third quarter, reaching approximately $1.4 billion.
- The company experienced a significant 22% growth in its e-commerce channel, marking the third consecutive quarter of double-digit growth.
- New store openings are performing well, with recent vintages comping high-single-digits, contributing positively to overall sales.
- The company achieved its largest Black Friday weekend ever, building on a record event from the previous year.
- Academy Sports and Outdoors Inc (ASO) continues to see strong growth in foot traffic and market share gains from higher-income customers, with households making over $100,000 now representing roughly 40% of sales.
- Comparable sales decreased by 0.9% for the third quarter, indicating challenges in maintaining consistent growth across all channels.
- The company faced a 4.1% decline in transactions, highlighting potential issues with consumer engagement or spending.
- SG&A expenses increased by approximately $28 million or 120 basis points, driven by growth initiatives and new store openings.
- The ammunition business experienced softness, contributing to a negative 130 basis point headwind to overall comp sales.
- There is continued traffic erosion in lower-income cohorts, with declines in the mid-single digits, reflecting economic pressures on these consumers.
Good morning, and welcome to the Academy Sports and Outdoors third-quarter fiscal 2025 results conference call. The call is being recorded, and all participants are in a listen-only mode. (Operator Instructions)
I will now turn the call over to Dan Aldridge, Vice President of Investor Relations for Academy Sports and Outdoors.
Good morning, everyone, and thank you for joining the Academy Sports and Outdoors third-quarter 2025 financial results call. Participating on today's call are Steve Lawrence, Chief Executive Officer; and Carl Ford, Chief Financial Officer.
As a reminder, today's earnings release and the comments made by management during this call include forward-looking statements. These statements are subject to risks and uncertainties that could cause our actual results to differ materially from our expectations and projections. These risks and uncertainties include but are not limited to the factors identified in the earnings release and in our most
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