Academy Sports + Outdoors

Overview

Academy Sports + Outdoors is a full-line sporting goods and outdoor recreation retailer in the United States. As of January 31, 2026, the company operates 322 stores across 21 contiguous states. It offers a broad mix of outdoors, sports & recreation, apparel, and footwear products from national brands and 19 private label brands. The company focuses on value-based, localized assortments and an omnichannel strategy that includes buy-online-pickup-in-store (BOPIS) and shipping. Academy maintains a sizable e-commerce channel and an expanding loyalty ecosystem—myAcademy Rewards launched in July 2024—and integrates the program with its app and Academy Credit Card. The company also engages in community partnerships and sponsorships, working with over 523 organizations and reaching about 1.1 million participants.

Scale and footprint

• Stores: 322 U.S. stores (321 leased; 1 owned).
• Average store size: ~70,000 gross square feet; total combined store space ~21.9 million square feet.
• Distribution centers: three locations — Katy, Texas; Twiggs County, Georgia; Cookeville, Tennessee.
• Corporate and sourcing presence: headquarters in Katy, Texas; Hong Kong office for global sourcing; additional facilities supporting merchandising and distribution.

Product and brands

• Product divisions (as of January 31, 2026): Outdoors; Sports & Recreation; Apparel; Footwear.
  • Outdoors: camping, fishing, watersports, etc.
  • Sports & Recreation: fitness, team sports, recreation equipment.
  • Apparel: outdoor, denim/workwear, youth, licensed apparel.
  • Footwear: casual, work, youth, team/sport footwear.
• Merchandise sourcing: purchases from ~1,500 vendors; no single vendor exceeded ~12% of total purchases in 2025.
• Brand mix: ~78% of 2025 sales were national brands; private label (19 brands) represented ~22% of 2025 merchandise sales. About 53% of customers purchased a private label product in 2025.
• Firearms: firearm-related items represented approximately 6% of net sales in 2025 and are subject to compliance and regulatory requirements.
• Private label strategy: private label products are positioned in the lower-to-middle price ranges to complement national brands and reduce price-point gaps.

Financial snapshot (fiscal years)

• Net sales:
  • FY 2026 (ended January 31, 2026): $6,053,414 thousand ($6.053 billion).
  • FY 2025 (ended February 1, 2025): $5,933,450 thousand ($5.933 billion).
  • FY 2024 (ended February 3, 2024): $6,159,291 thousand ($6.159 billion).
• Merchandise sales by division (FY 2025):
  • Outdoors: $1,831,038 thousand
  • Sports & Recreation: $1,339,608 thousand
  • Apparel: $1,645,642 thousand
  • Footwear: $1,201,545 thousand
  • Total merchandise sales: $6,017,833 thousand
  • Other sales: $35,581 thousand
  • Total net sales: $6,053,414 thousand
• E-commerce: 11.7% of merchandise sales in 2025 (vs. 10.5% in 2024 and 10.7% in 2023).
• Private label: ~22% of 2025 merchandise sales; ~53% of customers purchased a private label brand in 2025.
• Employees: ~23,000 team members (as of January 31, 2026); ~45% full-time and 55% part-time; no collective bargaining agreements in place for any team members.
• Growth and expansion: available whitespace for new stores in existing and adjacent markets; leases typically 15–20 years with renewal options; expansion considerations include real estate costs, financing, and lease terms.

Financial positioning and capital structure

• Debt outstanding (as of January 31, 2026): approximately $85.8 million under the Term Loan and $400.0 million under the Notes (both secured).
• ABL Facility: no borrowings under the ABL Facility at that date; approximately $992.4 million available and $7.6 million in letters of credit.
• Debt service and covenants: scheduled principal and interest payments and restrictive covenants are in place. The company may access additional indebtedness or equity capital subject to agreements and covenants. ABL Facility capacity could be increased by up to $250 million; Term Loan capacity could be increased under defined conditions.

Operations and technology

• Omnichannel operations integrate e-commerce with physical stores on a company-owned platform supported by technology and data analytics.
• Marketing and data: first-party data, loyalty programs, and marketing channels including paid search, email, text, app, digital and traditional media, and influencer/content partnerships.
• Information systems and cybersecurity: governed through formal risk management and incident response planning, with regular audits and a mix of in-house and third-party resources.

Summary

Academy Sports + Outdoors operates 322 stores and three distribution centers, supported by a mix of national and private-label brands, a growing loyalty ecosystem, and omnichannel capabilities. The company reported net sales of about $6.05 billion for the year ended January 31, 2026; e-commerce represented roughly 11.7% of merchandise sales and private label products about 22% of merchandise sales. The business is supported by a diversified supplier base (~1,500 vendors), approximately 23,000 employees, and a capital structure that includes a term loan, secured notes, and an available ABL facility.