Current report, item 2.02



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UNITED STATES


SECURITIES AND EXCHANGE COMMISSION


Washington, D.C. 20549






FORM

8-K








CURRENT REPORT



Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934






Date of Report (Date of earliest event reported):

May 3, 2021








Academy Sports and Outdoors, Inc.





(Exact name of registrant as specified in its charter)























Delaware





001-39589





85-1800912




(State or other jurisdiction of incorporation)



(Commission File Number)



(IRS Employer Identification No.)








1800 North Mason Road






Katy

,

Texas


77449



(Address of principal executive offices) (Zip Code)






Registrant’s telephone number, including area code:

(

281

)

646-5200








Not applicable


(Former name or former address, if changed since last report.)






Check the appropriate box below if the Form 8−K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
















Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

















Soliciting material pursuant to Rule 14a−12 under the Exchange Act (17 CFR 240.14a−12)

















Pre−commencement communications pursuant to Rule 14d−2(b) under the Exchange Act (17 CFR 240.14d−2(b))

















Pre−commencement communications pursuant to Rule 13e−4(c) under the Exchange Act (17 CFR 240.13e− 4(c))







Securities registered pursuant to Section 12(b) of the Act:






















Title of each class




Trading Symbol




Name of each exchange on which registered




Common Stock, par value $0.01 per share






ASO






The Nasdaq Stock Market LLC








Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or
Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).








Emerging growth company









If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.















Item 2.02


Results






of Operations and Financial Condition.









In connection with a potential registered offering of shares of common stock of Academy Sports and Outdoors, Inc. (the “Company”) by
certain stockholders of the Company, the Company is disclosing selected preliminary, unaudited and estimated financial information for the thirteen-week period ended May 1, 2021 (the “first quarter of 2021”), as set forth below.






The Company estimates that its comparable sales grew approximately 38.9% during the first quarter of 2021. This comparable sales increase
was driven primarily by double digit sales growth in all merchandise categories and markets, an increase in average unit retails, an increase in total transactions and the positive impact of government issued stimulus checks. Other business trends
during the quarter include the Company’s sales mix shifting to a more normalized level compared to the first quarter of 2020, continuing to operate in a less promotional environment and fewer clearance sales resulting in continued strong margin
performance. As of May 1, 2021, the Company operated 259 retail locations in 16 states.






This preliminary financial information is for the first quarter of 2021. The unaudited, estimated results for the first quarter of 2021,
are preliminary, based upon the Company’s estimates and currently available information, and are subject to revision based upon, among other things, quarter-end closing procedures and/or adjustments, the completion of the Company’s interim
consolidated financial statements and other operational procedures. This preliminary financial information should not be viewed as a substitute for full interim financial statements prepared in accordance with the generally accepted accounting
principles in the United States and reviewed by the Company’s auditors. These preliminary results are not necessarily indicative of the results to be achieved for the first quarter of 2021 or any future period. The Company’s actual results may be
materially different from its estimates, which should not be regarded as a representation by the Company or its management as to the Company’s actual results for the first quarter of 2021. Readers should not place undue reliance on these estimates.
This preliminary financial data has been prepared by, and is the responsibility of, the Company’s management. Deloitte & Touche LLP has not audited, reviewed, compiled or performed any procedures with respect to the accompanying preliminary
financial data. Accordingly, Deloitte & Touche LLP does not express an opinion or any other form of assurance with respect thereto.











The information in this Item 2.02 is furnished solely pursuant to Item 2.02 of Form 8-K. Consequently, such information is not deemed
“filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. Further, the information in this Item 2.02 shall not be deemed to be incorporated
by reference into any of the Company’s filings under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.








Signatures






Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed by the
undersigned hereunto duly authorized.

































Academy Sports and Outdoors, Inc.



Date: May 3, 2021






By:



/s/ Rene G. Casares




Name:



Rene G. Casares




Title:



Senior Vice President, General Counsel and Secretary











The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

Chairman of Academy Sports & Outdoors, Inc. just picked up 641 shares - May 2, 2022

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