Summary
- Academy Sports and Outdoors has filed to raise $250 million in an IPO.
- The company operates a network of sporting goods and outdoor products retail stores in the southern region of the U.S.
- ASO has weathered the Covid-19 pandemic well and is generating profits and free cash flow, so is worth a close look.
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Quick Take
Academy Sports and Outdoors (ASO) has filed to raise $250 million in an IPO of its common stock, according to an S-1 registration statement.
The firm sells sporting goods and outdoor recreation products primarily in the southern United States.
ASO’s IPO valuation appears reasonable, the firm is weathering the Covid-19 pandemic quite well, is a dominant retailer in the Southern U.S. and is producing enviable profits and cash flow, so is worth consideration.
Company & Technology
Katy, Texas-based Academy was founded in 1938 as a family business to sell outdoors goods and sporting products to consumers in the U.S.
Management is headed by president, CEO and Chairman Ken Hicks, who has been with the firm since May 2017 and was previously president and CEO of Foot Locker and has held senior roles in several consumer goods retailers.
Below is a brief overview video of about canoeing and hiking in N. Carolina:
