Academy Sports & Outdoors Inc. (NAS:ASO) said Tuesday that it is adding at least eight stores in 2022, including locations in Virginia and West Virginia that will expand the business into those two states. The new locations will open throughout the year and also add to the existing footprint in states like Florida, Texas and Georgia. The company is exploring other locations and could add to the eight on tap. The planned additions will bring the total number of Academy stores to 267 across 18 states. Academy stock has soared 62% over the last year while the S&P 500 index (S&P:SPX) is up 14.4% for the period.
Jan. 25, 2022, 8:58 a.m. EST