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Academy Sports activities + Outdoor Declares Inaugural Quarterly Money Dividend

Printed: Mar. 3, 2022 at 3:45 PM CST

KATY, Texas, March 3, 2022 /PRNewswire/ — Academy Sports activities and Outdoor, Inc. (the “Firm” or “Academy”) (Nasdaq: ASO) introduced in the present day that its Board of Administrators (the “Board”) permitted the initiation of a quarterly money dividend.  The Board declared an inaugural quarterly money dividend with respect to the quarter ended January 29, 2022, of $0.075 per share of frequent inventory.  The dividend is payable on April 14, 2022, to stockholders of document as of the shut of enterprise on March 17, 2022.

“At this time’s announcement of a quarterly money dividend marks a milestone for Academy ensuing from our efforts to strengthen the steadiness sheet and the Firm’s capacity to generate sustainable money movement.  This dividend and our present inventory repurchase program reveal the boldness that our Board and administration workforce have in our development initiatives and the long run efficiency of our enterprise, in addition to our dedication to rising whole shareholder worth,” stated Ken Hicks, Chairman, President and Chief Government Officer.

The Firm intends to announce quarterly money dividends, the declaration, timing, quantity, and cost of which shall be topic to the discretion and approval of the Board, bearing in mind such concerns because the Board might deem related on the time, together with, amongst others, the Firm’s outcomes, monetary situation and capital allocation plans.

About Academy Sports activities + Outdoor

Academy is a number one full-line sporting items and outside recreation retailer in the US. Initially based in 1938 as a household enterprise in Texas, Academy has grown to 259 shops throughout 16 contiguous states. Academy’s mission is to supply “Enjoyable for All”, and Academy fulfills this mission with a localized merchandising technique and worth proposition that strongly connects with a broad vary of shoppers. Academy’s product assortment focuses on key classes of outside, attire, footwear and sports activities & recreation by way of each main nationwide manufacturers and a portfolio of 20 personal label manufacturers, which go effectively past conventional sporting items and attire choices. For extra data, go to academy.com.

Ahead-Trying Statements

This press launch incorporates forward-looking statements throughout the that means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Change Act of 1934, as amended. These forward-looking statements are primarily based on Academy’s present expectations and are usually not ensures of future efficiency. You may establish these forward-looking statements by way of phrases comparable to “outlook,” “steering,” “believes,” “expects,” “potential,” “continues,” “might,” “will,” “ought to,” “might,” “seeks,” “initiatives,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the unfavourable model of those phrases or different comparable phrases. The forward-looking statements embrace, amongst different issues, statements relating to the cost of the dividend and declaration of future dividends, together with the timing and quantity thereof, the Firm’s expectations relating to its future efficiency, and the Firm’s future monetary situation to assist future dividend development and are topic to numerous dangers, uncertainties, assumptions or modifications in circumstances which are tough to foretell or quantify. Precise outcomes might differ materially from these expectations as a consequence of modifications in world, regional or native financial, enterprise, aggressive, market, regulatory and different components, a lot of that are past Academy’s management. Essential components that would trigger precise outcomes to vary materially from these within the forward-looking statements are set forth in Academy’s filings with the U.S. Securities and Change Fee (the “SEC”), together with the Firm’s Annual Report on Kind 10-Ok, beneath the caption “Threat Components,” as could also be up to date sometimes in our periodic filings with the SEC. Any forward-looking assertion on this press launch speaks solely as of the date of this launch. Academy undertakes no obligation to publicly replace or assessment any forward-looking assertion, whether or not because of new data, future developments or in any other case, besides as could also be required by any relevant securities legal guidelines.

Academy Sports activities + Outdoor. (PRNewsFoto/ACADEMY SPORTS + OUTDOOR)(PRNewswire)

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SOURCE Academy Sports activities + Outdoor

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