Academy Sports & Outdoors reports record quarter
December 13, 2021
Academy Sports & Outdoors posted a same-store sales increase of 17.9 percent in the third quarter. The company raised its sales and earnings forecasts for the year based on its recent results. The company, which operates 259 stores, expects to open between eight and 10 new locations in 2022. The retailer also plans to expand its private label presence to help boost margins.
Recent News
Pickleball Expands Internationally to India
Pickleball, America’s booming sport, aims to spread its games in India, the world’s most populous country.
Amazon Prime Announces It Has Faster Deliveries
Amazon reports that its Prime deliveries are now even speedier. With over 2 billion packages reaching customers in a day or less this year, the company claims its delivery system is picking up its pace.
H-E-B Recalls Ice Cream Cups Due to Metal
The popular frozen treat has been pulled from store shelves in a voluntary company recall.
Chipotle Scraps Farmesa Fresh Eatery After Ghost Kitchen Closure
Chipotle Mexican Grill’s venture into the Farmesa Fresh Eatery concept has come to an abrupt halt following the closure of its partnering platform Kitchen United’s ghost kitchens.