Q1 2025 Academy Sports and Outdoors Inc Earnings Call Transcript
Key Points
- Academy Sports and Outdoors Inc (ASO) reported a 10% increase in e-commerce sales, with online penetration growing by 100 basis points to over 10%.
- The company successfully launched the Jordan Brand in 145 stores and online, with initial sales tracking ahead of expectations.
- Academy Sports and Outdoors Inc (ASO) opened five new store locations in Q1, including its first locations in Pennsylvania and Maryland, and remains on track to open 20 to 25 new stores this year.
- The company has effectively mitigated the impact of tariffs by pulling forward inventory at pre-tariff prices and reducing exposure to Chinese imports.
- Academy Sports and Outdoors Inc (ASO) saw an increase in foot traffic from customers with household incomes over $100,000, indicating a shift towards value-seeking behavior among higher-income consumers.
- Net sales for the first quarter were $1.35 billion, down 0.9% from the previous year, with a negative 3.7% comp.
- The company experienced softness in certain categories, such as ammunition, basketball, and golf, which impacted overall sales performance.
- SG&A expenses increased by 290 basis points, driven by new store support, higher labor costs, and investments in digital and supply chain technologies.
- The company faces a challenging consumer environment with inflationary pressures and choppy consumer shopping patterns.
- Academy Sports and Outdoors Inc (ASO) has widened its comp sales guidance to account for an expanded range of outcomes due to uncertainties related to tariffs and consumer spending.
Good morning and welcome to the Academy Sports and Outdoors first quarter fiscal 2025 results conference call. This call is being recorded (Operator Instructions)
I'll now turn the call over to Dan Aldridge, Vice President of Investor Relations for Academy Sports and Outdoors. Please go ahead.
Good morning, everyone, and thank you for joining the Academy Sports and Outdoors first 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 recent 10-K and 10-Q
| 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
