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Academy Sports + Outdoors Increases Quarterly Cash Dividend

1. Academy Sports declares an 18% increase in quarterly dividend. 2. The dividend is set at $0.13 per share, payable on April 17. 3. Stockholders record date is March 25, 2025. 4. The company has over 300 stores across 21 states. 5. Dividend declaration reflects strong board confidence in financial health.

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FAQ

Why Bullish?

The increased dividend indicates strong financial performance, similar to other retail leaders who raised dividends, positively influencing investor sentiment.

How important is it?

The dividend increase communicates financial stability and growth, important for stock value retention and attraction for income-focused investors.

Why Short Term?

Immediate dividend increase usually leads to short-term price increases, as seen in similar announcements by competitors.

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DICKCABRGR
, /PRNewswire/ -- Academy Sports and Outdoors, Inc. (the "Company" or "Academy") (Nasdaq: ASO) announced today that on March 6, 2025, its Board of Directors declared a quarterly cash dividend with respect to the fiscal quarter ended February 1, 2025 of $0.13 per share of the Company's common stock, an approximately 18% increase from the previous quarterly cash dividend payment. This quarterly cash dividend is payable on April 17, 2025, to stockholders of record as of the close of business on March 25, 2025. 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. 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 Statements This 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 the Company's current expectations and are not guarantees of future performance. The forward-looking statements include, among other things, statements regarding the payment of the dividend, including the timing and amount thereof and the Company's future financial condition to support future dividend, and are subject to various risks, uncertainties, assumptions, or changes in circumstances that are difficult to predict or quantify. Actual results may differ materially from these expectations due to factors that are set forth in Academy's filings with the U.S. Securities and Exchange Commission. Any forward-looking statement in this press release speaks only as of the date of this release. The Company undertakes no obligation to publicly update or review any forward-looking statement, except as may be required by any applicable securities laws. Media inquiries:Meredith Klein, Vice President of Communications346.823.6615[email protected] Investor inquiries:Dan Aldridge, Vice President of Investor Relations832.739.4102[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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