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The primary target market for Academy targets athletes of all ages, or people who need clothing apparel can get it at Academy. Hunters and fishermen also come to Academy to get any equipment that they need.
However, Academy sells firearms to adults aged 18 and older. Walmart and Dick's Sporting Goods announced firearm sales to adults aged 21 and older Wednesday, among other limits. The corporate moves come in the wake of a massive gun control debate nationwide.
The IPO valued the Katy, Texas-based Academy Sports and Outdoors, which is owned by U.S. private equity firm KKR & Co Inc KKR. N, at $1.1 billion.
Acquisition by KKR In 2011, Academy Sports + Outdoors was acquired by KKR. Just months after acquisition, the brand launched an e-commerce store and became a multi-channel retailer. Under KKR, the company hired Ken Hicks as CEO.
The Magellan brand is an exclusive brand of Academy Sports + Outdoor. Founded in 1950, Whataburger has grown to become one of the largest burger franchises in the country, with over 850 locations across 14 states and sales of more than $2.8 billion annually.
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The IPO valued the Katy, Texas-based Academy Sports and Outdoors, which is owned by U.S. private equity firm KKR & Co Inc KKR. N, at $1.1 billion.
KKR acquired its 20% of Academy Sports in 2011 for an undisclosed amount and has since been the retailer's largest shareholder. Despite the news, Academy Sports shows no signs of slowing down. The company secured a multiyear partnership with the Big 12 Conference in 2020.
Today - Academy Sports + Outdoors operates 263 stores in 17 states with more than 22,000 Team Members throughout the South, Southeast, and Midwest. Sales exceeded $6.77 billion for fiscal 2021.
Academy Sports, which KKR bought in 2011, has 259 stores across the United States that sell sporting equipment including footwear, apparel, gym accessories as well as outdoor products like tents, grills and bicycles. The company said its revenue in 2019 was $4.8 billion with a net income of $120 million.
Academy Sports + Outdoors is an American sporting goods store chain. It has corporate offices in the Katy Distribution Center in unincorporated western Harris County, Texas, United States, near Katy and west of Houston.

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