Q4 2024 Academy Sports and Outdoors Inc Earnings Call Transcript
Key Points
- Academy Sports and Outdoors Inc (ASO) exceeded its midpoint guidance for both net sales and adjusted earnings per share in the fourth quarter.
- The company saw strong performance in its outdoor category, with net sales growth of 2% driven by hunting, fishing, and camping.
- Academy Sports and Outdoors Inc (ASO) successfully opened 16 new stores in 2024, expanding its presence to 19 states.
- The company launched the myAcademy Rewards program, enrolling over 11 million customers, which showed strong engagement over the holiday season.
- Academy Sports and Outdoors Inc (ASO) plans to open 20 to 25 new stores in 2025, expanding its footprint to 21 states and reaching over 300 stores.
- Net sales for the fourth quarter were $1.68 billion, representing a 6.6% decline compared to the previous year.
- Comparable sales decreased by 3% in the fourth quarter, with a decline in comp transactions by 5.9%.
- Gross margin rate declined by 110 basis points in the fourth quarter due to higher freight and distribution costs.
- The company faced challenges with its Georgia distribution facility, impacting supply chain productivity.
- Academy Sports and Outdoors Inc (ASO) anticipates a challenging first quarter in 2025, with expectations of negative comp sales and earnings per share.
Good morning and welcome to the Academy Sports and Outdoors fourth-quarter fiscal 2024 results conference call.
The call is being recorded. (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 fourth-quarter 2024 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 recent 10-K and 10
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
