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Academy Sports on Q1 Inventory: ‘We Are Not Where We Want to Be’

With pent-up demand, speed to market has never been more important. But port congestion, tariff impacts, the Uyghur crackdown and Covid uncertainty is making it difficult to restock the racks. Join Sourcing Journal on July 8 at 2 pm ET to learn how to sidestep the worst of the logistics roadblocks.

Academy Sports + Outdoors saw year-over-year net sales jump 39.1 percent to a first-quarter record $1.58 billion, with those sales also growing 46.8 percent on a two-year basis. With $177.8 million in quarterly profits, the retailer is feeling optimistic about its 2021 comparable sales and earnings outlook. In a Nutshell: For the 2021 fiscal year,…

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