Academy Sports + Outdoors Announces Quarterly Cash Dividend

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Katy, Texas, September 1, 2022 /PRNewswire/ — Academy Sports and Outdoors, Inc. (the “Company” or “the Academy”) (Nasdaq: ASO) today announced that its Board of Directors has declared a cash dividend for the fiscal quarter ended July 30, 2022 of $0.075 per ordinary share of the Company. The dividend is payable on October 13, 2022to shareholders of record at the close of business on September 152022.

About the Sports + Outdoors Academy
Academy is one of the leading sporting goods and outdoor leisure retailers in United States. Originally founded in 1938 as a family business in Texas, Academy now has 263 stores in 17 states. Academy’s mission is to provide “Fun for All” and Academy fulfills this mission with a localized merchandising strategy and a value proposition that connects strongly with a wide range of consumers. Academy’s product assortment focuses on the key outdoor, apparel, sports and recreation, and footwear categories through leading national brands and a portfolio of private labels. For more information, visit www.academy.com.

Forward-looking statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on Academy’s current expectations and are not guarantees of future performance. You can identify these forward-looking statements by the use of words such as “outlook”, “guidance”, “believes”, “expects”, “potential”, “continues”, “may”, “will”, ” should”, “could”, “seek”, “project”, “predict”, “intend”, “plan”, “estimate”, “anticipate”, or the negative version of these or other words comparable words. Forward-looking statements include, among other things, statements regarding the payment of the dividend, including the timing and amount thereof, stock repurchases, the company’s expectations regarding its future performance and financial condition. future of the company to support future dividend growth and are subject to various risks, uncertainties, assumptions or changes in circumstances that are difficult to predict or quantify. Actual results could differ materially from these expectations due to changes in economic factors, commercial, competitive , commercial, regulatory and other, global, regional or local, including continued inflation and continued increases in interest rates, many of which are beyond the Academy’s control. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in Academy’s filings with the United States Securities and Exchange Commission (the “SEC”), including the Annual Report of the Company on Form 10-K, under the caption “Risk Factors,” as may be updated from time to time in our periodic filings with the SEC. Any forward-looking statements in this press release speak only as of the date of this release. Academy undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by applicable securities laws.

Media inquiries:
Elise HasbrookCommunications Vice President
281.253.8200
[email protected]

Investor requests:
Matt HodgesVice-President Investor Relations
281.646.5362
[email protected]

SOURCE Sports + Outdoors Academy

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