Sporting Goods Retail Stock Up More Than 50% in 2021

Academy Sports and Outdoors stock posted a strong closeout to 2020

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Academy Sports and Outdoors, Inc. (NASDAQ:ASO) is a sporting goods and outdoor recreation retailer in the United States. The company operates 259 stores across 16 states. Academy’s product assortment includes outdoor, apparel, footwear and sports & recreation through national brands and a portfolio of 17 private label brands.

On March 30Academy Sports and Outdoors released its fourth quarter and full fiscal 2020 financial results. In its fourth-quarter report, ASO highlighted a net sales increase of 16.6% to $1.60 billion in total. The company's gross profit also increased 34.7% to $499.1 million. Academy Sports and Outdoors' net income for the fourth quarter was $91.5 million, which was a 416% year-over-year increase.

For the Academy Sports and Outdoors' full year report, annual net sales increased 17.8% to $5.69 billion. Annual gross profit also increased 21.2% to $1.73 billion. In addition, Academy Sports and Outdoors ended the year with a net income increase of 157.2% to $308.8 million in total. 

ASO has increased about 54% year-to-date, and about 1120% since its public trading debut in October. The shares recently pulled back to support at the 20-day moving average, a newly formed trendline for the equity.

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