Academy Sports & Outdoors, Inc.

Listed Company

ASOCIK 0001817358NasdaqLarge AcceleratedRetail-Miscellaneous Shopping Goods StoresDelawareFY ends Jan 31

Period

FY 2026

Revenue

$6.05B

Net Income

$376.77M

Total Assets

$5.28B

Equity

$2.17B

Shares Out

64.38M

Op. Cash Flow

$434.80M

Business

Academy Sports & Outdoors, Inc. is a full‑line sporting goods and outdoor recreation retailer operating a network of large-format stores and e-commerce channels. It offers a broad assortment of national brands and 19 private label brands across outdoor, apparel, sports & recreation, and footwear categories, plus services such as buy-online-pickup-in-store and loyalty programs. The company organizes merchandise into four divisions (Outdoors; Sports and Recreation; Apparel; Footwear) encompassing sixteen categories. It sells exclusively in the United States through stores, online, distribution centers, and omnichannel fulfillment.

Summary from filing dated 2025-03-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
NET SALES	6,053	5,933	6,159	6,395	6,773
COST OF GOODS SOLD	3,948	3,922	4,049	4,183	4,422
GROSS MARGIN	2,106	2,011	2,110	2,213	2,351
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	1,593	1,473	1,432	1,366	1,443
OPERATING INCOME	512	539	678	847	908
INTEREST EXPENSE, NET	36	37	46	46	49
WRITE-OFF OF DEFERRED LOAN COSTS	0	449,000	2	2	2
OTHER INCOME, NET	10	37	33	−20	−3
INCOME BEFORE INCOME TAXES	486	538	663	818	860
INCOME TAX EXPENSE	109	120	144	190	188
NET INCOME	377	418	519	628	671
BASIC (in dollars per share)	5.66	5.87	6.89	7.7	7.38
DILUTED (in dollars per share)	5.54	5.73	6.7	7.49	7.12
BASIC (in shares)	67	71	75	82	91
DILUTED (in shares)	68	73	77	84	94

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Cash and cash equivalents	330	289	348	337	486
Accounts receivable - less allowance for doubtful accounts of $1,792 and $2,752, respectively	35	17	19	17	20
Merchandise inventories	1,504	1,309	1,194	1,284	1,172
Prepaid expenses and other current assets	82	96	83	48	36
Assets held for sale	3	0	0	2	2
Total current assets	1,954	1,710	1,645	1,687	1,716
PROPERTY AND EQUIPMENT, NET	584	525	445	351	346
RIGHT-OF-USE ASSETS	1,234	1,173	1,111	1,100	1,080
TRADE NAME	580	579	578	578	577
GOODWILL	862	862	862	862	862
OTHER NONCURRENT ASSETS	63	52	35	18	5
Total assets	5,277	4,901	4,677	4,595	4,585
Accounts payable	638	612	541	686	738
Accrued expenses and other current liabilities	244	230	218	240	303
Current lease liabilities	147	115	118	109	83
Current maturities of long-term debt	3	3	3	3	3
Total current liabilities	1,032	961	880	1,039	1,127
LONG-TERM DEBT, NET	481	483	485	584	684
LONG-TERM LEASE LIABILITIES	1,261	1,186	1,091	1,072	1,078
DEFERRED TAX LIABILITIES, NET	301	257	255	259	217
OTHER LONG-TERM LIABILITIES	31	11	12	13	12
Total liabilities	3,106	2,897	2,722	2,967	3,118
COMMITMENTS AND CONTINGENCIES (NOTE 12)	—	—	—	—	—
Preferred stock, $0.01 par value, authorized 50,000,000 shares; none issued and outstanding	0	0	0	0	0
Common stock, $0.01 par value, authorized 300,000,000 shares; 64,945,953 and 68,332,961 issued and outstanding as of January 31, 2026 and February 1, 2025, respectively	649,000	683,000	743,000	767,000	870,000
Additional paid-in capital	256	247	242	216	198
Retained earnings	1,914	1,756	1,712	1,411	1,268
Stockholders' equity	2,171	2,004	1,955	1,628	1,467
Total liabilities and stockholders' equity	5,277	4,901	4,677	4,595	4,585

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Depreciation and amortization	123	118	111	107	105
Non-cash lease expense	46	30	17	−16,000	−6
Equity compensation	21	27	24	21	39
Amortization of deferred loan and other costs	3	3	3	3	6
Deferred income taxes	44	2	−4	42	—
Non-cash loss on early retirement of debt	0	0	2	2	—
Write-off of Deferred Loan Costs	0	449,000	0	0	—
Gain on disposal of property and equipment	−15	−7	−388,000	0	0
Accounts receivable, net	−18	3	−3	3	−2
Merchandise inventories	−195	−115	89	−112	−182
Prepaid expenses and other current assets	27	−10	−50	−11	−8
Other noncurrent assets	−13	−12	−19	−14	3
Accounts payable	27	66	−142	−55	−51
Accrued expenses and other current liabilities	17	12	−27	−58	32
Income taxes payable	−19	−5	18	−3	−14
Other long-term liabilities	10	−1	−1	306,000	−2
Net cash provided by operating activities	435	528	536	552	673
Capital expenditures	−213	−200	−208	−108	−76
Purchases of intangible assets	−759,000	−771,000	−520,000	−502,000	−215,000
Proceeds from the sale of property and equipment	41	14	2	0	0
Net cash used in investing activities	−172	−186	−206	−109	−76
Proceeds from Revolving Credit Facilities	0	4	0	0	0
Reduction in Revolving Credit Facilities	0	−4	0	0	0
Repayment of Term Loan	−3	−3	−103	−103	−102
Debt issuance fees	0	−6	0	0	−927,000
Proceeds from exercise of stock options	4	4	17	21	49
Proceeds from issuance of common stock under employee stock purchase program	5	5	5	5	4
Taxes paid related to net share settlement of equity awards	−5	−5	−8	−1	−15
Repurchase of common stock for retirement	−199	−365	−203	−489	−411
Dividends paid	−35	−31	−27	−25	0
Other financing activities	10	0	0	—	—
Net cash used in financing activities	−221	−401	−319	−592	−489
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	41	−59	11	−149	108
Cash paid for interest	35	35	45	43	45
Cash paid for income taxes, net	38	88	132	168	125
Non-cash capital expenditures	10	12	7	4	3
Right-of-use assets obtained in exchange for new operating lease liabilities	244	215	134	117	—

Filings

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