We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Academy Sports (ASO) Expands to Ohio, Boosts Growth Prospects
Read MoreHide Full Article
Academy Sports and Outdoors, Inc. (ASO - Free Report) has opened its first store in Ohio, marking a significant milestone in its expansion strategy. The new 54,000-square-foot store in Zanesville offers an array of sports and outdoor merchandise.
The Zanesville store provides a one-stop destination for sports and outdoor enthusiasts, featuring top brands like Nike, Adidas and YETI, as well as Academy Sports’ exclusive private label brands. By bringing its diverse product range and competitive pricing to Ohio, ASO is positioned to capture a new customer base just in time for the summer season.
Eric Friederich, senior vice president of retail operations at Academy Sports, emphasized the company's commitment to making sports and outdoor activities accessible and affordable. This strategic expansion in Ohio not only broadens Academy Sports’ geographical footprint but also strengthens its market presence in the Midwest.
Focus on Expansion
Academy Sports focuses on investment in various growth initiatives that comprise new store expansion, omnichannel advancements, digital marketing projects and existing store improvements. Also, product portfolio expansion strategies bode well.
Store expansion is the company’s prime growth strategy. In 2023, the company opened 14 new stores. The recent opening is part of Academy Sports’ aggressive growth plan, involving 15-17 store openings in 2024 and 160-180 new stores over the next five years.
Academy Sports’ expansion efforts underscore its ambitious growth plans and potential to increase market share in the sporting goods and outdoor recreation retail sector. Investors anticipate that these strategic moves will drive revenue growth and enhance ASO’s shareholder value over the coming years.
Shares of this Zacks Rank #3 (Hold) company have increased 10.4% in the past six months compared with the industry’s 6.3% growth.
STRA has a trailing four-quarter earnings surprise of 36.2%, on average. The stock increased 48.5% in the past year. The Zacks Consensus Estimate for STRA’s 2024 sales and earnings per share (EPS) indicates an increase of 6.4% and 33.3%, respectively, from the year-ago levels.
Netflix, Inc. (NFLX - Free Report) presently sports a Zacks Rank of 1. NFLX has a trailing four-quarter earnings surprise of 9.3%, on average. The stock rose 82.8% in the past year.
The consensus estimate for NFLX’s 2024 sales and EPS implies a rise of 14.8% and 52.2%, respectively, from the year-ago levels.
Royal Caribbean Cruises Ltd. (RCL - Free Report) currently sports a Zacks Rank of 1. RCL has a trailing four-quarter earnings surprise of 18.3%, on average. The stock increased 91.2% in the past year.
The Zacks Consensus Estimate for RCL’s 2024 sales and EPS implies growth of 16.6% and 61.9%, respectively, from the year-ago levels.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Academy Sports (ASO) Expands to Ohio, Boosts Growth Prospects
Academy Sports and Outdoors, Inc. (ASO - Free Report) has opened its first store in Ohio, marking a significant milestone in its expansion strategy. The new 54,000-square-foot store in Zanesville offers an array of sports and outdoor merchandise.
The Zanesville store provides a one-stop destination for sports and outdoor enthusiasts, featuring top brands like Nike, Adidas and YETI, as well as Academy Sports’ exclusive private label brands. By bringing its diverse product range and competitive pricing to Ohio, ASO is positioned to capture a new customer base just in time for the summer season.
Eric Friederich, senior vice president of retail operations at Academy Sports, emphasized the company's commitment to making sports and outdoor activities accessible and affordable. This strategic expansion in Ohio not only broadens Academy Sports’ geographical footprint but also strengthens its market presence in the Midwest.
Focus on Expansion
Academy Sports focuses on investment in various growth initiatives that comprise new store expansion, omnichannel advancements, digital marketing projects and existing store improvements. Also, product portfolio expansion strategies bode well.
Store expansion is the company’s prime growth strategy. In 2023, the company opened 14 new stores. The recent opening is part of Academy Sports’ aggressive growth plan, involving 15-17 store openings in 2024 and 160-180 new stores over the next five years.
Academy Sports’ expansion efforts underscore its ambitious growth plans and potential to increase market share in the sporting goods and outdoor recreation retail sector. Investors anticipate that these strategic moves will drive revenue growth and enhance ASO’s shareholder value over the coming years.
Shares of this Zacks Rank #3 (Hold) company have increased 10.4% in the past six months compared with the industry’s 6.3% growth.
Image Source: Zacks Investment Research
Key Picks
Here are some better-ranked stocks from the Consumer Discretionary sector.
Strategic Education, Inc. (STRA - Free Report) currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
STRA has a trailing four-quarter earnings surprise of 36.2%, on average. The stock increased 48.5% in the past year. The Zacks Consensus Estimate for STRA’s 2024 sales and earnings per share (EPS) indicates an increase of 6.4% and 33.3%, respectively, from the year-ago levels.
Netflix, Inc. (NFLX - Free Report) presently sports a Zacks Rank of 1. NFLX has a trailing four-quarter earnings surprise of 9.3%, on average. The stock rose 82.8% in the past year.
The consensus estimate for NFLX’s 2024 sales and EPS implies a rise of 14.8% and 52.2%, respectively, from the year-ago levels.
Royal Caribbean Cruises Ltd. (RCL - Free Report) currently sports a Zacks Rank of 1. RCL has a trailing four-quarter earnings surprise of 18.3%, on average. The stock increased 91.2% in the past year.
The Zacks Consensus Estimate for RCL’s 2024 sales and EPS implies growth of 16.6% and 61.9%, respectively, from the year-ago levels.