Academy Sports & Outdoors Files Q3 2024 10-Q
Ticker: ASO · Form: 10-Q · Filed: Dec 10, 2024 · CIK: 1817358
| Field | Detail |
|---|---|
| Company | Academy Sports & Outdoors, INC. (ASO) |
| Form Type | 10-Q |
| Filed Date | Dec 10, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.01, $0.11 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-filing, retail
TL;DR
ASO's Q3 2024 10-Q is in. Check financials.
AI Summary
Academy Sports & Outdoors, Inc. filed its 10-Q for the period ending November 2, 2024. The company reported its financial results for the third 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 performance and operational status of Academy Sports & Outdoors, crucial for understanding the company's trajectory in the retail sector.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.
Key Players & Entities
- Academy Sports & Outdoors, Inc. (company) — Filer of the 10-Q
- 2024-11-02 (date) — End of the reporting period
- 2024-12-10 (date) — Filing date
- Katy, Texas (location) — Company headquarters
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is November 2, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on December 10, 2024.
What is the company's primary business classification?
The company is classified under RETAIL-MISCELLANEOUS SHOPPING GOODS STORES [5940].
Where is Academy Sports & Outdoors, Inc. headquartered?
The company is headquartered at 1800 North Mason Road, Katy, Texas, 77449.
What is the SEC file number for Academy Sports & Outdoors, Inc.?
The SEC file number is 001-39589.
Filing Stats: 4,698 words · 19 min read · ~16 pages · Grade level 13.4 · Accepted 2024-12-10 16:06:36
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share ASO The Nasdaq Stock Market L
- $0.11 — 5 — 234 — 234 Cash dividends declared, $0.11 per share — — — ( 7,739 ) ( 7,739 ) B
Filing Documents
- aso-20241102.htm (10-Q) — 1145KB
- exhibit311q32024.htm (EX-31.1) — 11KB
- exhibit312q32024.htm (EX-31.2) — 11KB
- exhibit321q32024.htm (EX-32.1) — 6KB
- exhibit322q32024.htm (EX-32.2) — 6KB
- aso-20241102_g1.jpg (GRAPHIC) — 30KB
- 0001817358-24-000197.txt ( ) — 5231KB
- aso-20241102.xsd (EX-101.SCH) — 28KB
- aso-20241102_cal.xml (EX-101.CAL) — 51KB
- aso-20241102_def.xml (EX-101.DEF) — 139KB
- aso-20241102_lab.xml (EX-101.LAB) — 460KB
- aso-20241102_pre.xml (EX-101.PRE) — 315KB
- aso-20241102_htm.xml (XML) — 623KB
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 37
Legal Proceedings
Item 1. Legal Proceedings 37
Risk Factors
Item 1A. Risk Factors 37
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 38
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 38
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 38
Other Information
Item 5. Other Information 38
Exhibits
Item 6. Exhibits 39
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) November 2, 2024 February 3, 2024 October 28, 2023 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 295,996 $ 347,920 $ 274,827 Accounts receivable - less allowance for doubtful accounts of $ 2,609 , $ 2,217 and $ 3,102 , respectively 18,124 19,371 17,706 Merchandise inventories, net 1,524,978 1,194,159 1,492,219 Prepaid expenses and other current assets 68,884 83,450 110,823 Total current assets 1,907,982 1,644,900 1,895,575 PROPERTY AND EQUIPMENT, NET 503,115 445,209 429,648 RIGHT-OF-USE ASSETS 1,189,116 1,111,237 1,126,825 TRADE NAME 578,815 578,236 578,071 GOODWILL 861,920 861,920 861,920 OTHER NONCURRENT ASSETS 50,830 35,211 29,231 Total assets $ 5,091,778 $ 4,676,713 $ 4,921,270 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 764,489 $ 541,077 $ 820,428 Accrued expenses and other current liabilities 314,289 217,932 232,046 Current lease liabilities 130,236 117,849 117,141 Current maturities of long-term debt 3,000 3,000 3,000 Total current liabilities 1,212,014 879,858 1,172,615 LONG-TERM DEBT, NET 483,148 484,551 583,364 LONG-TERM LEASE LIABILITIES 1,173,158 1,091,294 1,095,812 DEFERRED TAX LIABILITIES, NET 250,970 254,796 264,565 OTHER LONG-TERM LIABILITIES 10,961 11,564 11,827 Total liabilities 3,130,251 2,722,063 3,128,183 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; 69,932,128 ; 74,349,927 and 74,143,759 issued and outstanding as of November 2, 2024, February 3, 2024 and October 28, 2023, respectively. 699 743 741 Additional paid-in capital 245,511 242,098 239,447 Retained earnings 1,715,317 1,711,809 1,552,899 Stockholders' equity 1,961,527 1,954