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Feb 01, 2025
Academy Sports Q4 2024 Earnings Report
Academy Sports + Outdoors reported Q4 2024 results with declines in revenue and earnings, but showed sequential improvement in comparable sales.
Key Takeaways
Academy Sports + Outdoors posted Q4 2024 revenue of $1.68 billion, a 6.6% decrease year-over-year. GAAP diluted EPS came in at $1.89, while adjusted diluted EPS was $1.96. Net income was $133.63 million and operating income reached $154.70 million. The company opened five new stores and reported a 3.0% decline in comparable sales for the quarter.
Revenue for Q4 2024 was $1.68 billion, down 6.6% year-over-year.
Net income decreased 20.6% to $133.63 million.
GAAP diluted EPS was $1.89, with adjusted diluted EPS at $1.96.
Comparable sales declined by 3.0%, an improvement over the previous quarter.
Forward Guidance
For fiscal 2025, Academy Sports + Outdoors expects net sales between $6.09 billion and $6.27 billion, comparable sales growth between -2.0% and +1.0%, and adjusted diluted EPS between $5.75 and $6.20.
Positive Outlook
- Expected return to topline sales growth.
- Introduction of new brands including Jordan brand in stores.
- Planned opening of 20-25 new stores in 2025.
- Improved marketing capabilities and new store technology rollout.
- Strong focus on supply chain and leveraging customer data.
Challenges Ahead
- Q1 expected to be the most challenging in terms of sales and EPS.
- Continued macroeconomic headwinds and inflationary pressures.
- Tough prior-year comparisons due to an extra week in FY23.
- Potential impact of transitioning to new floor sets affecting short-term performance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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