Academy Sports activities + Open air Pronounces Quarterly Money Dividend

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KATY, Texas, September 1, 2022 /PRNewswire/ — Academy Sports and Outdoors, Inc. (the “Company” or “Academy”) (Nasdaq: ASO) announced today that its Board of Directors has declared a cash dividend for the current fiscal quarter July 30, 2022 from $0.075 per share of the company’s share capital. The dividend is payable on October 13, 2022to registered shareholders at close of business on 09/152022.

About Academy Sports + Outdoors
Academy is a leading full-line retailer of sporting goods and outdoor leisure in The United States. Originally established in 1938 as a family business Texas, Academy has grown to 263 stores in 17 states. Academy’s mission is to provide “Fun for All,” and Academy delivers on that mission with a localized merchandising strategy and value proposition that creates a strong connection with a broad spectrum of consumers. Academy’s product range focuses on key categories in the outdoor, apparel, sport & leisure and footwear sectors, both through leading national brands and through a portfolio of private labels. Visit www.academy.com for more information.

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 using words such as “outlook”, “guidance”, “believes”, “expects”, “potential”, “continue”, “may”, “will”, “should”, “could” , “aims”, “predicts”, “predicts”, “intends”, “plans”, “estimates”, “anticipates” or the negative version of these words or other comparable words. The forward-looking statements include, among other things, statements regarding the payment of dividends, including the timing and amount thereof, share repurchases, the Company’s expectations regarding its future performance and the Company’s future financial condition to support future dividend growth and various risks, uncertainties, subject to assumptions or changes in circumstances that are difficult to predict or quantify. Actual results could differ materially as a result of changes in global, regional or local economic, business, competitive, market, regulatory and other factors, including prolonged inflation and interest rate increases, many of which are beyond the Academy’s control expectations differ. 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 Company’s Annual Report on Form 10- K, below the heading “Risk Factors” as may be updated from time to time in our periodic filings with the SEC. All forward-looking statements in this press release speak only as of the date of this press release. Academy undertakes no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable securities laws.

Media Inquiries:
Elisa HasbrookVice President Communications
281.253.8200
[email protected]

Investor Inquiries:
Matt HodgesVice President Investor Relations
281.646.5362
[email protected]

SOURCE Academy Sport + Outdoor