• Loading stock data...
Friday, April 4, 2025
Nominations Are Open for Front Office Sports Honors! Submit Now

Academy Sports Raises Full-Year Outlook After Strong Q3

  • Academy Sports raised its full-year revenue guidance following its Q3 earnings report.
  • The company generated $1.58 billion in sales during the quarter.
Academy-Sports-Outdoors-Storefront
Academy Sports + Outdoors/Design: Alex Brooks

Academy Sports raised its full-year revenue guidance following the company’s third-quarter earnings report.

The Texas-based sporting and outdoor goods retailer posted $1.59 billion in net sales in Q3 2021, an 18.1% uptick year-over-year and its ninth consecutive quarterly profit increase.

During the quarter, Academy Sports benefited from growth across all its divisions and strategic initiatives to improve operations, customer service, merchandise allocation, and its supply chain.

The company expects full-year revenue to range between $6.6 billion and $6.7 billion, up from a previous target of between $6.4 billion and $6.6 billion.

Continued Growth

Academy Sports has made a number of moves to expand its footprint in the $126 billion sporting goods market.

  • It raised $203 million during its IPO last October, valuing the retailer at $1.1 billion.
  • The company agreed to sponsorship deals in July with the University of Texas and Austin FC.
  • The company operates 259 stores across the U.S. and plans to open more than 800.

Private equity firm KKR & Co. sold its entire stake in Academy Sport in September in a deal valued at $852.85 million. KKR acquired 20% of the company — 18.65 million shares — in 2011 for an undisclosed amount and had been the retailer’s largest shareholder.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Baseball action between South Fork High School at St. Lucie West Centennial on Wednesday, April 2, 2025, in Port St. Lucie. Centennial wins in the top of the the 7th inning, 6-3.

Private Equity’s Youth Sports Push Continues With MaxPreps Deal

The deal follows a string of other recent PE transactions in the youth sports space.
A view of the FanDuel Sportsbook betting area at Belterra Park Cincinnati.

FanDuel’s PE Backers Fire Back at Founder’s Legal Fight Over 2018 Sale

The legal dispute stems from the 2018 sale of 61% of FanDuel.
Mar 20, 2025; Providence, RI, USA; Arkansas Razorbacks forward Karter Knox (11) controls the ball against Kansas Jayhawks during the first half at Amica Mutual Pavilion.

Men’s March Madness Sets Opening-Day Viewership Record

CBS Sports and TNT Sports scored big with Arkansas–Kansas.

Callaway’s LIV Deal Shows How Much Golf Has Shifted

The company has signed a first-of-its-kind club contract.

Featured Today

Dec 27, 2024; San Jose, California, USA; San Jose Sharks center Macklin Celebrini (71) skates during warm ups before their game against the Vegas Golden Knights at SAP Center at San Jose

Macklin Celebrini and the Sharks Rookies Have Brought Good Vibes to a..

The rookie’s arrival has boosted spirits incongruously high inside the flagging franchise.
Mar 26, 2025; Indianapolis, Indiana, USA; Los Angeles Lakers forward LeBron James (23) in the first half Indiana Pacers at Gainbridge Fieldhouse.
April 1, 2025

The Creator Behind the LeBron ‘Glazing’ Trend Sweeping TikTok

FOS spoke to TikTok user OkaySpade who made the original song.
Mar 22, 2025; Providence, RI, USA; McNeese State Cowboys manager Amir Khan before a second round men’s NCAA Tournament game against the Purdue Boilermakers at Amica Mutual Pavilion
April 1, 2025

Inside the 24-Hour NIL March Madness Deals

Some of the most viral partnerships come together overnight.
Seattle Kraken
April 1, 2025

Samantha Holloway Is Seattle’s NHL Present—and Hopeful NBA Future

Samantha Holloway is steering the Kraken and hoping to revive pro hoops.

Nike Struggles Continue, but Signs of Turnaround Appear

The embattled company beats tepid expectations in both revenue and earnings.
Aug 11, 2024; Paris, France; Medals are carried out on Louis Vuitton trays after the women's volleyball gold medal match during the Paris 2024 Olympic Summer Games at South Paris Arena
February 16, 2025

LVMH’s New Push: World’s Most Powerful Luxury Group Is Coming for Sports

LVMH is making long-term deals—and they’re not done.
Oracle Park
March 18, 2025

S.F. Giants Selling Stake to Private Equity to Pay for Facility Upgrades

The team said the cash would not be used to grow payroll.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
February 14, 2025

DraftKings Turns First Full-Year Profit, Stock Up 47% in 2025

The company’s sports betting business continues to grow despite headwinds.
Billie Jean King
February 13, 2025

Billie Jean King: ‘Billionaires, Not Millionaires’ Are Fueling Women’s Sports Boom

Billie Jean King wants more women involved in team ownership, too.
February 5, 2025

Under Armour’s Desired Turnaround Sees Sparks With Q3 Earnings Beat

The 2010s darling has been struggling to find the right formula.
Russ Brandon
January 14, 2025

UFL President: NFL Used to View Private Equity Like Gambling 

The longtime NFL executive is stunned by the league’s evolution on PE.