AS
Academy Sports and Outdoors, Inc.
ASO
Reported:
Key takeaways
- E-commerce sales surged 18% during the quarter, significantly enhancing the company's online penetration.
- Successful store expansion: Three new locations opened, with plans for 20 to 25 additional stores in 2025.
- Comp sales improved to 0.2%, with notable growth in key categories such as athletic and outdoor apparel despite earlier seasonal challenges.
- Strong market share gains from higher-income consumers, offsetting some traffic erosion in lower-income segments.
- Gross margin remained stable at 36%, indicating effective cost management alongside revenue growth.