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Academy Sports + Outdoors Announces Executive Appointment

1. Sumit Anand appointed as Executive Vice President & CIO of Academy Sports. 2. Anand will oversee enterprise technology operations including cybersecurity and IT infrastructure. 3. He has extensive experience, previously at At Home and Signet Jewelers. 4. Academy operates over 300 stores across 21 states, offering diverse product assortments. 5. The company emphasizes a localized merchandising strategy for consumer engagement.

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FAQ

Why Bullish?

Leadership changes often signal strategic shifts, potentially enhancing operational efficiency and performance. Historical performance suggests positive leadership transitions typically correlate with stock price increases.

How important is it?

The appointment of a CIO signals a focus on technological advancement, impacting efficiency and customer engagement. Given the competitive nature of retail, improvements in technology can directly enhance profitability and stock value.

Why Short Term?

The immediate impact is likely to be seen in stock performance following Anand's strategies, particularly in technology improvements and operational efficiency. Past cases show new leadership can drive short-term investor optimism.

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Sumit Anand joins as Executive Vice President & Chief Information Officer, /PRNewswire/ -- Academy Sports + Outdoors ("Academy") (Nasdaq: ASO), a leading full-line sporting goods and outdoor recreation retailer today announced the appointment of Sumit Anand to the role of Executive Vice President and Chief Information Officer. In this position Mr. Anand will oversee all enterprise technology operations including cybersecurity, IT infrastructure and operations, and IT shared services supporting the company's corporate, distribution center, and retail initiatives. Academy Sports + Outdoors announced the appointment of Sumit Anand to the role of Executive Vice President and Chief Information Officer. Prior to joining the Company, he served in a variety of executive roles for At Home, based in Dallas, including Chief Information Officer and Head of Strategy and was previously Senior Vice President of Business and Technology Transformation at Signet Jewelers as well as holding leadership roles with Accenture. Mr. Anand joined Academy in March 2025, and reports directly to Steve Lawrence, Chief Executive Officer of the Company. About Academy Sports + OutdoorsAcademy is a leading full-line sporting goods and outdoor recreation retailer in the United States. Originally founded in 1938 as a family business in Texas, Academy has grown to more than 300 stores across 21 states and counting. Academy's mission is to provide "Fun for All" and Academy fulfills this mission with a localized merchandising strategy and value proposition that strongly connects with a broad range of consumers. Academy's product assortment focuses on key categories of outdoor, apparel, sports & recreation and footwear through both leading national brands and a portfolio of private label brands. For more information, visit www.academy.com.Forward Looking StatementsThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on Academy's current expectations and are not guarantees of future performance. Forward-looking statements are usually identified by or are associated with such words as "intends," "will," "plan," "believe," "expect," "may," and/or the negatives or variations of these terms or similar terminology.  Actual results may differ materially from these expectations due to changes in global, regional, or local economic, business, competitive, market, regulatory and other factors, many of which are beyond Academy's control. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in Academy's filings with the U.S. Securities and Exchange Commission (the "SEC"), including Academy's Annual Report on Form 10-K under the caption "Risk Factors," as may be updated from time to time in our periodic filings with the SEC. Any forward-looking statement in this press release speaks only as of the date released. Academy undertakes no obligation to publicly update or revise any forward-looking statement, except as may be required by any applicable securities laws.Media Contact: Shane Carlisle, Public Relations Manager, [email protected]SOURCE Academy Sports + Outdoors WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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