$ASO

Academy Sports & Outdoors, Inc.

CIK:0001817358|SEC Filings

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2026	Aug. 02, 2025	Aug. 01, 2026	Aug. 02, 2025
Income Statement [Abstract]
NET SALES	$ 1,647,285	$ 1,599,838	$ 3,089,288	$ 2,951,247
COST OF GOODS SOLD	981,383	1,023,105	1,944,038	1,915,645
GROSS MARGIN	665,902	576,733	1,145,250	1,035,602
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	419,539	404,352	824,232	793,956
OPERATING INCOME	246,363	172,381	321,018	241,646
INTEREST EXPENSE, NET	8,056	9,028	17,043	18,072
LOSS ON EARLY RETIREMENT OF DEBT	(1,902)	0	(1,902)	0
OTHER EXPENSE (INCOME), NET	58,006	(1,480)	54,785	(4,287)
INCOME BEFORE INCOME TAXES	178,399	164,833	247,288	227,861
INCOME TAX EXPENSE	40,502	39,399	56,688	56,343
NET INCOME	$ 137,897	$ 125,434	$ 190,600	$ 171,518
EARNINGS PER COMMON SHARE:
BASIC (in dollars per share)	$ 2.21	$ 1.89	$ 3.01	$ 2.57
DILUTED (in dollars per share)	$ 2.17	$ 1.85	$ 2.94	$ 2.52
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
BASIC (in shares)	62,292	66,539	63,362	66,831
DILUTED (in shares)	63,551	67,689	64,892	68,043

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Aug. 01, 2026	Aug. 02, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 190,600	$ 171,518
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	61,205	61,171
Non-cash lease expense	7,591	22,487
Equity compensation	20,419	15,144
Amortization of deferred loan and other costs	1,305	1,292
Deferred income taxes	(15,065)	13,686
Loss on early retirement of debt	1,902	0
Loss on tariff refund monetization	61,759	0
Changes in assets and liabilities:
Accounts receivable, net	11,799	(2,421)
Merchandise inventories, net	(153,686)	(278,784)
Prepaid expenses and other current assets	(18,995)	15,311
Other noncurrent assets	(5,205)	(7,617)
Accounts payable	116,027	178,381
Accrued expenses and other current liabilities	21,534	29,395
Income taxes payable	46,991	7,526
Other long-term liabilities	841	8,958
Net cash provided by operating activities	349,022	236,047
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(111,258)	(107,576)
Purchases of intangible assets	(206)	(323)
Net cash used in investing activities	(111,464)	(107,899)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of Term Loan	(85,750)	(1,500)
Proceeds from Senior Notes	500,000	0
Repayment of Senior Notes	(400,000)	0
Debt refinancing fees	(9,364)	0
Proceeds from exercise of stock options	805	2,646
Proceeds from issuance of common stock under employee stock purchase program	2,828	2,781
Taxes paid related to net share settlement of equity awards	(6,499)	(3,748)
Repurchase of common stock for retirement	(180,505)	(99,031)
Dividends paid	(18,956)	(17,365)
Remittance of tariff refund claims	(72,224)	0
Net cash used in financing activities	(269,665)	(116,217)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(32,107)	11,931
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	330,320	288,929
CASH AND CASH EQUIVALENTS AT END OF PERIOD	298,213	300,860
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for interest	16,119	18,166
Cash paid for income taxes, net	23,902	33,969
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]
Non-cash capital expenditures	8,047	24,777
Right-of-use assets obtained in exchange for new operating leases	$ 135,376	$ 123,628

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Aug. 01, 2026	Jan. 31, 2026	Aug. 02, 2025
CURRENT ASSETS:
Cash and cash equivalents	$ 298,213	$ 330,320	$ 300,860
Accounts receivable - less allowance for doubtful accounts of $1,592, $1,792 and $1,874, respectively	22,955	34,755	19,181
Merchandise inventories, net	1,657,442	1,503,756	1,587,624
Prepaid expenses and other current assets	89,897	82,457	78,257
Assets held for sale	2,957	2,957	0
Total current assets	2,071,464	1,954,245	1,985,922
PROPERTY AND EQUIPMENT, NET	631,834	584,103	584,045
RIGHT-OF-USE ASSETS	1,292,724	1,234,246	1,206,207
TRADE NAME	579,972	579,766	579,330
GOODWILL	861,920	861,920	861,920
OTHER NONCURRENT ASSETS	70,234	62,756	58,559
Total assets	5,508,148	5,277,036	5,275,983
CURRENT LIABILITIES:
Accounts payable	751,560	637,854	803,309
Accrued expenses and other current liabilities	302,513	243,908	266,021
Current lease liabilities	134,390	147,491	139,678
Current maturities of long-term debt	0	3,000	3,000
Total current liabilities	1,188,463	1,032,253	1,212,008
LONG-TERM DEBT, NET	494,158	480,793	481,738
LONG-TERM LEASE LIABILITIES	1,340,337	1,261,167	1,217,217
DEFERRED TAX LIABILITIES, NET	285,589	300,654	270,502
OTHER LONG-TERM LIABILITIES	21,168	30,792	19,368
Total liabilities	3,329,715	3,105,659	3,200,833
COMMITMENTS AND CONTINGENCIES (NOTE 10)
STOCKHOLDERS' EQUITY:
Preferred stock, $0.01 par value, authorized 50,000,000 shares; none issued and outstanding	0	0	0
Common stock, $0.01 par value, authorized 300,000,000 shares; 62,028,664; 64,945,953 and 66,625,266 issued and outstanding as of August 1, 2026, January 31, 2026 and August 2, 2025, respectively.	620	649	666
Additional paid-in capital	258,973	256,351	255,517
Retained earnings	1,918,840	1,914,377	1,818,967
Stockholders' equity	2,178,433	2,171,377	2,075,150
Total liabilities and stockholders' equity	$ 5,508,148	$ 5,277,036	$ 5,275,983