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Academy Sports (ASO) Collabs With Fanatics, Expands Portfolio
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Academy Sports and Outdoors, Inc. (ASO - Free Report) inks a partnership deal with a global digital sports platform and leading provider of licensed sports merchandise, Fanatics. The collaboration aims to provide Academy customers with an extended selection of officially licensed merchandise in-store and online.
The collaboration with Fanatics allows ASO to broaden its licensed sports offerings by leveraging Fanatics' extensive inventory. This enables the Academy to present a broader range of fan apparel, jerseys, headwear and novelty items to its customers, encompassing renowned brands like Nike, adidas, Mitchell & Ness and more. The partnership aligns with Academy's commitment to expanding its sports merchandise assortment, catering to diverse family needs.
Focus on Expansion
The company's primary growth strategy focuses on expansion through the establishment of new stores. The goal is to leverage the recent momentum by consistently enhancing all aspects of the business and executing three key growth strategies. Recently, the company partnered with L.L.Bean to expand its product offering. The collaboration allows ASO to offer customers a selection of L.L.Bean products both in-store and online.
Going forward, the company plans to invest in new brands and online stores to further expand its portfolio later this year. The company expects to establish 13-15 new locations in 2023. ASO remains steadfast in its commitment to open 120-140 new stores by 2027-end.
Price Performance
Image Source: Zacks Investment Research
Shares of ASO have gained 32.6% in the past year compared with the industry’s 3.9% rise. It has been benefiting from its focus on expansion efforts, product innovation and operational efficiency. Also, the emphasis on promotions and clearance sales bode well.
Going forward, the company emphasizes on strengthening its inventory position (with seasonally appropriate products) and omni-channel expansion to drive growth. Earnings estimates for fiscal 2025 have increased in the past 30 days, depicting analysts’ optimism regarding the stock’s growth potential.
The Zacks Consensus Estimate for RCL’s 2023 sales and earnings per share (EPS) suggests growth of 54.5% and 180.3%, respectively, from the year-ago period’s levels.
Trip.com Group Limited (TCOM - Free Report) currently flaunts a Zacks Rank #1. It has a trailing four-quarter earnings surprise of 147.9%, on average. The stock has gained 54.1% in the past year.
The Zacks Consensus Estimate for Trip.com Group’s 2023 sales and EPS suggests increases of 104.9% and 537.9%, respectively, from the year-ago period’s levels.
OneSpaWorld Holdings Limited (OSW - Free Report) currently carries a Zacks Rank #2 (Buy). It has a trailing four-quarter earnings surprise of 42.6%, on average. The stock has gained 29.6% in the past year.
The Zacks Consensus Estimate for OSW’s 2023 sales and EPS indicates growth of 44.5% and 117.9%, respectively, from the year-ago period’s levels.
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Academy Sports (ASO) Collabs With Fanatics, Expands Portfolio
Academy Sports and Outdoors, Inc. (ASO - Free Report) inks a partnership deal with a global digital sports platform and leading provider of licensed sports merchandise, Fanatics. The collaboration aims to provide Academy customers with an extended selection of officially licensed merchandise in-store and online.
The collaboration with Fanatics allows ASO to broaden its licensed sports offerings by leveraging Fanatics' extensive inventory. This enables the Academy to present a broader range of fan apparel, jerseys, headwear and novelty items to its customers, encompassing renowned brands like Nike, adidas, Mitchell & Ness and more. The partnership aligns with Academy's commitment to expanding its sports merchandise assortment, catering to diverse family needs.
Focus on Expansion
The company's primary growth strategy focuses on expansion through the establishment of new stores. The goal is to leverage the recent momentum by consistently enhancing all aspects of the business and executing three key growth strategies. Recently, the company partnered with L.L.Bean to expand its product offering. The collaboration allows ASO to offer customers a selection of L.L.Bean products both in-store and online.
Going forward, the company plans to invest in new brands and online stores to further expand its portfolio later this year. The company expects to establish 13-15 new locations in 2023. ASO remains steadfast in its commitment to open 120-140 new stores by 2027-end.
Price Performance
Image Source: Zacks Investment Research
Shares of ASO have gained 32.6% in the past year compared with the industry’s 3.9% rise. It has been benefiting from its focus on expansion efforts, product innovation and operational efficiency. Also, the emphasis on promotions and clearance sales bode well.
Going forward, the company emphasizes on strengthening its inventory position (with seasonally appropriate products) and omni-channel expansion to drive growth. Earnings estimates for fiscal 2025 have increased in the past 30 days, depicting analysts’ optimism regarding the stock’s growth potential.
Zacks Rank and Key Picks
Academy Sports carries a Zacks Rank #4 (sell).
Some better-ranked stocks from the Zacks Consumer Discretionary sector are:
Royal Caribbean Cruises Ltd. (RCL - Free Report) currently sports a Zacks Rank #1 (Strong Buy). It has a trailing four-quarter earnings surprise of 28.5%, on average. The stock has surged 142.5% in the past year. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for RCL’s 2023 sales and earnings per share (EPS) suggests growth of 54.5% and 180.3%, respectively, from the year-ago period’s levels.
Trip.com Group Limited (TCOM - Free Report) currently flaunts a Zacks Rank #1. It has a trailing four-quarter earnings surprise of 147.9%, on average. The stock has gained 54.1% in the past year.
The Zacks Consensus Estimate for Trip.com Group’s 2023 sales and EPS suggests increases of 104.9% and 537.9%, respectively, from the year-ago period’s levels.
OneSpaWorld Holdings Limited (OSW - Free Report) currently carries a Zacks Rank #2 (Buy). It has a trailing four-quarter earnings surprise of 42.6%, on average. The stock has gained 29.6% in the past year.
The Zacks Consensus Estimate for OSW’s 2023 sales and EPS indicates growth of 44.5% and 117.9%, respectively, from the year-ago period’s levels.