Academy Sports & Outdoors Files Q2 2024 10-Q
Ticker: ASO · Form: 10-Q · Filed: Sep 10, 2024 · CIK: 1817358
| Field | Detail |
|---|---|
| Company | Academy Sports & Outdoors, INC. (ASO) |
| Form Type | 10-Q |
| Filed Date | Sep 10, 2024 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
Related Tickers: ASO
TL;DR
**ASO Q2 24 10-Q FILED: Check financials for latest performance.**
AI Summary
Academy Sports & Outdoors, Inc. filed its 10-Q for the period ending August 3, 2024. The company reported its financial performance for the second quarter of fiscal year 2024. Key financial data and operational details are presented in this filing.
Why It Matters
This filing provides investors and analysts with the latest financial results and operational updates for Academy Sports & Outdoors, influencing investment decisions and market perception.
Risk Assessment
Risk Level: medium — 10-Q filings are standard financial reports, but the specific content can reveal risks or opportunities impacting the company's stock.
Key Numbers
- 2024 Q2 — Fiscal Quarter (Reporting period covered by the 10-Q)
- 0201 — Fiscal Year End (Indicates the company's fiscal year cycle)
Key Players & Entities
- Academy Sports & Outdoors, Inc. (company) — Filer of the 10-Q
- 0001817358-24-000174.txt (document) — Accession number for the filing
- 20240803 (date) — End of the reporting period
- 20240910 (date) — Filing date
- Katy, Texas (location) — Company headquarters location
FAQ
What is the primary purpose of this 10-Q filing?
This 10-Q filing provides Academy Sports & Outdoors, Inc.'s quarterly financial performance and operational details for the period ending August 3, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on September 10, 2024.
What is the reporting period for this 10-Q?
The reporting period for this 10-Q is the second quarter of fiscal year 2024, ending on August 3, 2024.
Where is Academy Sports & Outdoors, Inc. headquartered?
Academy Sports & Outdoors, Inc. is headquartered in Katy, Texas.
What is the SEC file number for Academy Sports & Outdoors, Inc.?
The SEC file number for Academy Sports & Outdoors, Inc. is 001-39589.
Filing Stats: 4,704 words · 19 min read · ~16 pages · Grade level 12.8 · Accepted 2024-09-10 16:25:48
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share ASO The Nasdaq Stock Market L
Filing Documents
- aso-20240803.htm (10-Q) — 1091KB
- exhibit311q22024.htm (EX-31.1) — 11KB
- exhibit312q22024.htm (EX-31.2) — 11KB
- exhibit321q22024.htm (EX-32.1) — 6KB
- exhibit322q22024.htm (EX-32.2) — 6KB
- aso-20240803_g1.jpg (GRAPHIC) — 30KB
- 0001817358-24-000174.txt ( ) — 5135KB
- aso-20240803.xsd (EX-101.SCH) — 29KB
- aso-20240803_cal.xml (EX-101.CAL) — 51KB
- aso-20240803_def.xml (EX-101.DEF) — 138KB
- aso-20240803_lab.xml (EX-101.LAB) — 461KB
- aso-20240803_pre.xml (EX-101.PRE) — 314KB
- aso-20240803_htm.xml (XML) — 606KB
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 20
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 35
Controls and Procedures
Item 4. Controls and Procedures 35
OTHER INFORMATION
PART II. OTHER INFORMATION 36
Legal Proceedings
Item 1. Legal Proceedings 36
Risk Factors
Item 1A. Risk Factors 36
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 37
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 37
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 37
Other Information
Item 5. Other Information 37
Exhibits
Item 6. Exhibits 38
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) August 3, 2024 February 3, 2024 July 29, 2023 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 324,568 $ 347,920 $ 311,336 Accounts receivable - less allowance for doubtful accounts of $ 2,080 , $ 2,217 and $ 2,534 , respectively 12,812 19,371 14,625 Merchandise inventories, net 1,366,616 1,194,159 1,309,033 Prepaid expenses and other current assets 108,392 83,450 80,490 Total current assets 1,812,388 1,644,900 1,715,484 PROPERTY AND EQUIPMENT, NET 470,752 445,209 404,967 RIGHT-OF-USE ASSETS 1,103,242 1,111,237 1,091,145 TRADE NAME 578,550 578,236 577,929 GOODWILL 861,920 861,920 861,920 OTHER NONCURRENT ASSETS 47,506 35,211 23,971 Total assets $ 4,874,358 $ 4,676,713 $ 4,675,416 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 704,578 $ 541,077 $ 669,832 Accrued expenses and other current liabilities 259,069 217,932 234,011 Current lease liabilities 124,628 117,849 112,936 Current maturities of long-term debt 3,000 3,000 3,000 Total current liabilities 1,091,275 879,858 1,019,779 LONG-TERM DEBT, NET 483,617 484,551 583,729 LONG-TERM LEASE LIABILITIES 1,083,390 1,091,294 1,060,996 DEFERRED TAX LIABILITIES, NET 252,919 254,796 260,909 OTHER LONG-TERM LIABILITIES 10,763 11,564 11,964 Total liabilities 2,921,964 2,722,063 2,937,377 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; 70,915,916 ; 74,349,927 and 74,845,563 issued and outstanding as of August 3, 2024, February 3, 2024 and July 29, 2023, respectively. 709 743 748 Additional paid-in capital 244,584 242,098 236,789 Retained earnings 1,707,101 1,711,809 1,500,502 Stockholders' equity 1,952,394 1,954,650 1,738