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• Net Sales: $1.68 billion for Q4, a 6.6% decline year-over-year.

• Comparable Sales: Decreased by 3% in Q4.

• Net Income: $133.6 million for Q4.

• Diluted Earnings Per Share: $1.89 for Q4.

• Adjusted Net Income: $139 million for Q4.

• Adjusted Diluted Earnings Per Share: $1.96 for Q4.

• Gross Margin: 32.2% for Q4, down 110 basis points year-over-year.

• SG&A Expenses: Increased by $10 million in Q4, excluding the extra week last year.

• Cash Position: $289 million at the end of Q4.

• Inventory: $1.3 billion, a 9.6% increase year-over-year.

• Free Cash Flow: $342 million for fiscal 2024.

• New Store Openings: 16 new stores in fiscal 2024, with plans for 20-25 new stores in 2025.

• Dividend Increase: 18% increase, resulting in $0.13 per share.

• 2025 Guidance: Net sales expected to range from $6.1 billion to $6.3 billion.

• 2025 Gross Margin Rate: Expected to range from 34.0% to 34.5%.

• 2025 GAAP Net Income: Expected between $375 million and $410 million.

• 2025 Adjusted Net Income: Expected between $400 million and $435 million.

• 2025 GAAP Diluted EPS: Expected between $5.40 and $5.85.

• 2025 Adjusted Diluted EPS: Expected between $5.75 and $6.20.

• Warning! GuruFocus has detected 8 Warning Signs with INRLF.

Release Date: March 20, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• Academy Sports and Outdoors Inc (NASDAQ:ASO) exceeded its midpoint guidance for both net sales and adjusted earnings per share in the fourth quarter.

• The company saw strong performance in its outdoor category, with net sales growth of 2% driven by hunting, fishing, and camping.

• Academy Sports and Outdoors Inc (NASDAQ:ASO) successfully opened 16 new stores in 2024, expanding its presence to 19 states.

• The company launched the myAcademy Rewards program, enrolling over 11 million customers, which showed strong engagement over the holiday season.

• Academy Sports and Outdoors Inc (NASDAQ:ASO) plans to open 20 to 25 new stores in 2025, expanding its footprint to 21 states and reaching over 300 stores.

Negative Points

• Net sales for the fourth quarter were $1.68 billion, representing a 6.6% decline compared to the previous year.

• Comparable sales decreased by 3% in the fourth quarter, with a decline in comp transactions by 5.9%.

• Gross margin rate declined by 110 basis points in the fourth quarter due to higher freight and distribution costs.

• The company faced challenges with its Georgia distribution facility, impacting supply chain productivity.

• Academy Sports and Outdoors Inc (NASDAQ:ASO) anticipates a challenging first quarter in 2025, with expectations of negative comp sales and earnings per share.