ASO · Academy Sports and Outdoors, Inc.

Academy Sports and Outdoors provided preliminary first quarter fiscal 2026 sales expectations of 6%-7% growth with comparable sales up 2%-3%, signaling positive momentum in a key period ahead of full results in June 2026. This update, issued via Exhibit 99.1 press release, underscores resilience in consumer demand for sporting goods and outdoor recreation amid macroeconomic challenges noted in forward-looking disclaimers. Concurrently, the company hosted its 2026 Analyst Day event on April 7, featuring presentations by CEO Steve Lawrence, CFO Carl Ford, and Chief Customer Officer Chad Fox on long-term strategy and growth initiatives, with materials in Exhibits 99.2 and 99.3. These materials outline ambitious long-range goals including over $8 billion in total sales, expansion to 450+ stores across strategic markets, 7% net income margin, 15%+ eCommerce penetration, and GAAP EPS over $9, building on FY25 achievements of ~$6.1 billion sales from 322 stores in 21 states. Strategic priorities emphasize new store growth in whitespace opportunities (targeting ~125 additional stores for $1.9 billion annual sales), omni-channel enhancement, supply chain leverage, and team execution to capture a $130 billion addressable market within the current footprint, representing 53% of the $245 billion total U.S. sports and outdoors TAM. New stores average $12-16 million in first-year sales volume with $2.5-3.5 million capital investment, focusing on high-affinity Always Game Family demographics in exurban, suburban, and rural areas with strong population and job growth tailwinds. The company plans to update fiscal 2026 guidance with full Q1 results, maintaining no obligation to revise Analyst Day materials.