Maddie Chekhon's questions to Academy Sports & Outdoors (ASO) leadership • Q2 2025
Question
Maddie Chekhon inquired about the inventory growth outlook for the second half of the year and requested more detailed performance color on the apparel, footwear, outdoor, and ammunition categories.
Answer
CEO Steve Lawrence and CFO Carl Ford expect inventory on a units-per-store basis to normalize by year-end after a Q2 increase of 4.6%. They reported that apparel and footwear were the strongest categories, both up nearly 4%, while the ammunition business remains challenged due to oversupply and price sensitivity, though its trend improved slightly from Q1.