Academy Sports & Outdoors Q1 2024 Update
Ticker: ASO · Form: 10-Q · Filed: Jun 11, 2024 · CIK: 1817358
| Field | Detail |
|---|---|
| Company | Academy Sports & Outdoors, INC. (ASO) |
| Form Type | 10-Q |
| Filed Date | Jun 11, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, retail
TL;DR
ASO Q1 24: Financials are in. Check the balance sheet.
AI Summary
Academy Sports & Outdoors, Inc. filed its 10-Q for the period ending May 4, 2024. The company reported its financial performance and position, with key figures including total assets and equity. The filing covers the first quarter of fiscal year 2024, detailing the company's operational and financial status.
Why It Matters
This filing provides investors and analysts with a detailed look at Academy Sports & Outdoors' financial health and performance during the first quarter of fiscal year 2024, impacting investment decisions.
Risk Assessment
Risk Level: low — This is a routine quarterly financial filing with no immediate red flags or significant changes indicated.
Key Players & Entities
- Academy Sports & Outdoors, Inc. (company) — Filer of the 10-Q
- 2024-05-04 (date) — End of reporting period
- 2024-02-01 (date) — Beginning of reporting period
- 0001817358 (company) — Central Index Key for Academy Sports & Outdoors, Inc.
FAQ
What were the total assets of Academy Sports & Outdoors as of May 4, 2024?
The filing indicates total assets were reported, but the specific dollar amount is not detailed in the provided header information.
What is the company's fiscal year end?
The fiscal year end for Academy Sports & Outdoors is February 1st (0201).
What is the SEC file number for Academy Sports & Outdoors?
The SEC file number is 001-39589.
When was this 10-Q filing submitted?
This 10-Q filing was submitted on June 11, 2024.
What is the primary business address of Academy Sports & Outdoors?
The primary business address is 1800 North Mason Road, Katy, Texas 77449.
Filing Stats: 4,675 words · 19 min read · ~16 pages · Grade level 13 · Accepted 2024-06-11 16:11:17
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share ASO The Nasdaq Stock Market L
Filing Documents
- aso-20240504.htm (10-Q) — 878KB
- exhibit101q12024.htm (EX-10.1) — 146KB
- exhibit102q12024.htm (EX-10.2) — 159KB
- exhibit311q12024.htm (EX-31.1) — 11KB
- exhibit312q12024.htm (EX-31.2) — 11KB
- exhibit321q12024.htm (EX-32.1) — 6KB
- exhibit322q12024.htm (EX-32.2) — 6KB
- aso-20240504_g1.jpg (GRAPHIC) — 30KB
- 0001817358-24-000124.txt ( ) — 4939KB
- aso-20240504.xsd (EX-101.SCH) — 29KB
- aso-20240504_cal.xml (EX-101.CAL) — 50KB
- aso-20240504_def.xml (EX-101.DEF) — 134KB
- aso-20240504_lab.xml (EX-101.LAB) — 439KB
- aso-20240504_pre.xml (EX-101.PRE) — 301KB
- aso-20240504_htm.xml (XML) — 498KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION 3
Financial Statements
Item 1. Financial Statements 3
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 17
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 31
Controls and Procedures
Item 4. Controls and Procedures 31
OTHER INFORMATION
PART II. OTHER INFORMATION 32
Legal Proceedings
Item 1. Legal Proceedings 32
Risk Factors
Item 1A. Risk Factors 32
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 33
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 33
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 33
Other Information
Item 5. Other Information 33
Exhibits
Item 6. Exhibits 34
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS ACADEMY SPORTS AND OUTDOORS, INC. CONSOLIDATED BALANCE SHEETS (Unaudited) (Dollar amounts in thousands, except per share data) May 4, 2024 February 3, 2024 April 29, 2023 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 378,145 $ 347,920 $ 295,536 Accounts receivable - less allowance for doubtful accounts of $ 1,817 , $ 2,217 and $ 2,286 , respectively 13,700 19,371 10,412 Merchandise inventories, net 1,356,811 1,194,159 1,386,457 Prepaid expenses and other current assets 68,320 83,450 34,622 Assets held for sale — — 1,763 Total current assets 1,816,976 1,644,900 1,728,790 PROPERTY AND EQUIPMENT, NET 456,594 445,209 365,024 RIGHT-OF-USE ASSETS 1,116,222 1,111,237 1,087,854 TRADE NAME 578,364 578,236 577,799 GOODWILL 861,920 861,920 861,920 OTHER NONCURRENT ASSETS 43,803 35,211 20,547 Total assets $ 4,873,879 $ 4,676,713 $ 4,641,934 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 735,563 $ 541,077 $ 712,643 Accrued expenses and other current liabilities 262,048 217,932 221,388 Current lease liabilities 121,465 117,849 112,333 Current maturities of long-term debt 3,000 3,000 3,000 Total current liabilities 1,122,076 879,858 1,049,364 LONG-TERM DEBT, NET 484,084 484,551 584,093 LONG-TERM LEASE LIABILITIES 1,098,799 1,091,294 1,058,869 DEFERRED TAX LIABILITIES, NET 253,069 254,796 257,120 OTHER LONG-TERM LIABILITIES 10,330 11,564 11,526 Total liabilities 2,968,358 2,722,063 2,960,972 COMMITMENTS AND CONTINGENCIES (NOTE 10) STOCKHOLDERS' EQUITY: Preferred stock, $ 0.01 par value, authorized 50,000,000 shares; none issued and outstanding — — — Common stock, $ 0.01 par value, authorized 300,000,000 shares; 72,590,530 ; 74,349,927 and 76,439,594 issued and outstanding as of May 4, 2024, February 3, 2024 and April 29, 2023, respectively. 726 743 764 Additional paid-in capital 240,559 242,098 229,633 Retained earnings 1,664,236 1,711,809 1,450,565 Stockholders' equity