Academy Sports and Outdoors, Inc. is a full-line sporting goods and outdoor recreation retailer operating over 300 stores across the United States. The company offers a wide range of products including outdoor gear, apparel, footwear, and sports equipment for families, athletes, and outdoor enthusiasts. It differentiates itself through a localized merchandising strategy and a mix of national and private label brands.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
6,053,414
5,933,450
6,159,291
6,395,073
Cost of Sales
3,947,801
3,921,990
4,049,080
4,182,571
Gross Profit
2,105,613
2,011,460
2,110,211
2,212,502
Selling, General & Administrative Expenses
1,593,429
1,472,821
1,432,356
1,365,953
Operating Profit
512,184
538,639
677,855
846,549
Interest Expense
(36,214)
(36,873)
(46,051)
(46,441)
Non-Operating Income
10,087
36,459
31,352
(22,138)
Total Non-Operating Income
(26,127)
(414)
(14,699)
(68,579)
Income Before Provision for Income Taxes
486,057
538,225
663,156
818,320
Provision for Income Taxes
109,289
119,778
143,966
190,319
Consolidated Net Income
376,768
418,447
519,190
628,001
Net Income Attributable to Common Shareholders
376,768
418,447
519,190
628,001
Basic EPS
5.66
5.87
6.89
7.70
Diluted EPS
5.54
5.73
6.70
7.49
Basic Weighted Average Shares Outstanding
66,612
71,343
75,389
81,590
Diluted Weighted Average Shares Outstanding
68,034
73,048
77,469
83,895
Shares Outstanding
64,946
68,333
74,350
76,712
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
330,320
288,929
347,920
337,145
Total Cash and Cash Equivalents
330,320
288,929
347,920
337,145
Accounts Receivable
34,755
16,759
19,371
16,503
Total Trade Receivables
34,755
16,759
19,371
16,503
Inventories
1,503,756
1,308,840
1,194,159
1,283,517
Other Current Assets
85,414
95,621
83,450
49,510
Total Current Assets
1,954,245
1,710,149
1,644,900
1,686,675
Net Property, Plant & Equipment
1,818,349
1,698,211
1,556,446
1,451,509
Net Intangible Assets
579,766
579,007
578,236
577,716
Goodwill
861,920
861,920
861,920
861,920
Other Long-Term Assets
62,756
51,676
35,211
17,619
Total Assets
5,277,036
4,900,963
4,676,713
4,595,439
Accounts Payable
637,854
612,424
541,077
686,472
Current Portion of Long-Term Debt
3,000
3,000
3,000
3,000
Current Portion of Leases
147,491
115,134
117,849
109,075
Other Current Liabilities
243,908
230,323
217,932
240,169
Total Current Liabilities
1,032,253
960,881
879,858
1,038,716
Long-Term Debt
480,793
482,679
484,551
584,456
Leases
1,261,167
1,185,741
1,091,294
1,072,192
Other Long-Term Liabilities
331,446
267,627
266,360
271,769
Total Long-Term Liabilities
2,073,406
1,936,047
1,842,205
1,928,417
Total Liabilities
3,105,659
2,896,928
2,722,063
2,967,133
Common Stock
649
683
743
767
Additional Paid-in Capital
256,351
247,094
242,098
216,209
Retained Earnings
1,914,377
1,756,258
1,711,809
1,411,330
Total Common Shareholders' Equity
2,171,377
2,004,035
1,954,650
1,628,306
Total Shareholders' Equity
2,171,377
2,004,035
1,954,650
1,628,306
Total Liabilities and Shareholders' Equity
5,277,036
4,900,963
4,676,713
4,595,439
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
376,768
418,447
519,190
628,001
Depreciation & Amortization
125,456
120,644
113,675
109,816
Share-Based Compensation Expense
21,176
26,629
24,377
21,175
Other Adjustments
74,634
25,702
13,613
43,778
Changes in Trade Receivables
(17,995)
2,611
(2,868)
3,215
Changes in Inventories
(194,916)
(114,681)
89,358
(111,709)
Changes in Accounts Payable
27,335
65,761
(142,346)
(55,400)
Changes in Accrued Expenses
17,128
11,952
(26,712)
(58,395)
Changes in Income Taxes Payable
(19,062)
(5,277)
17,640
(3,407)
Changes in Other Operating Activities
24,274
(23,706)
(70,148)
(25,069)
Cash from Operating Activities
434,798
528,082
535,779
552,005
Capital Expenditure
(212,668)
(199,589)
(207,770)
(108,304)
Proceeds from Sale of Property, Plant & Equipment
41,390
14,240
2,151
—
Purchases of Intangible Assets
(759)
(771)
(520)
(502)
Cash from Investing Activities
(172,037)
(186,120)
(206,139)
(108,806)
Issuance of Short-Term Debt
—
3,900
—
—
Repayments of Short-Term Debt
—
(3,900)
—
—
Net Issuance / (Repayments) of Short-Term Debt
—
0
—
—
Repayments of Long-Term Debt
(3,000)
(3,000)
(103,000)
(103,000)
Net Issuance / (Repayments) of Long-Term Debt
(3,000)
(3,000)
(103,000)
(103,000)
Issuance of Common Shares
9,584
9,571
22,120
26,292
Repurchases of Common Shares
(203,762)
(370,372)
(210,767)
(490,711)
Net Issuance / (Repurchases) of Common Shares
(194,178)
(360,801)
(188,647)
(464,419)
Common Share Dividends Paid
(34,657)
(31,463)
(27,218)
(24,633)
Other Financing Activities
10,465
(5,689)
—
—
Cash from Financing Activities
(221,370)
(400,953)
(318,865)
(592,052)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash