Academy Sports and Outdoors, Inc. ASO continues to expand its presence in Texas. Recently, the company unveiled its first store in Kyle, bringing its total store count to 109 in Texas.
Situated at 5755 Kyle Parkway, the 56,000-square-foot store brings a wide range of sports and outdoor merchandise. Customers can also find athletic and casual shoes, sports equipment, and clothing from well-known national brands. It also offers excellent everyday value and quality through its exclusive private label brands, covering various outdoor gear and apparel needs.
The store also provides free services such as grill and bike assembly, scope mounting, bore sighting, line winding/spooling and the convenience of purchasing hunting and fishing licenses in-store.
Academy Sports is optimistic about the new opening and bringing more sports and outdoor enjoyment to the Kyle community. The company looks forward to providing a new, convenient location where families can easily access the best sports and outdoor equipment at a great value, allowing them to enjoy their leisure time more readily.
Expansion to Drive Growth
The company's primary growth strategy focuses on expanding by establishing new stores. The goal is to leverage the recent momentum by consistently enhancing all aspects of the business and executing three key growth strategies. These strategies involve developing a robust omnichannel presence and driving growth from existing stores through improved service, productivity, enhanced merchandising and captivating customer engagement.
Year to date, ASO has opened five stores (Including Kyle store), which is in line with the company's ongoing growth plan to establish 13-15 new locations in 2023. ASO is committed to opening 120-140 new stores by 2027-end.
Image Source: Zacks Investment Research
Shares of ASO have gained 7% in the past year compared wtih the industry’s 8.5% rise. The company is likely to benefit from its expansion efforts, product innovation and operational efficiency. Earnings estimates for 2023 have increased to $7.16 per share from $7.09 per share in the past 30 days, depicting analysts’ optimism regarding the growth potential.
Zacks Rank & Key Picks
Academy Sports currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the Zacks Consumer Discretionary sector are:
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The Zacks Consensus Estimate for RCL’s 2023 sales and earnings per share (EPS) suggests growth of 55.1% and 182.1%, respectively, from the year-ago period’s levels.
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The Zacks Consensus Estimate for HLT’s 2023 sales and EPS suggests increases of 14.8% and 23.7%, respectively, from the year-ago period’s levels.
OneSpaWorld Holdings Limited OSW currently carries a Zacks Rank #2. It has a trailing four-quarter earnings surprise of 42.6%, on average. The stock has gained 27.6% in the past year.
The Zacks Consensus Estimate for OSW’s 2023 sales and EPS indicates growth of 44.5% and 117.9%, respectively, from the year-ago period’s levels.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.