Academy Sports Partners With DoorDash for On-Demand Delivery

Academy Sports and Outdoors, Inc. ASO announced an exclusive partnership with DoorDash DASH, a leading local commerce platform. This collaboration is set to revolutionize the shopping experience for Academy Sports' customers by offering on-demand delivery from its 285 stores across 19 states. This initiative is expected to cater to the increasing demand for convenient and fast access to products, particularly in the Back-to-School season.

Enhancing Customer Experience

By collaborating with DoorDash, Academy Sports is expected to provide its customers with the ability to order a wide range of products, including apparel, footwear, sporting goods and outdoor recreation equipment, directly through the DoorDash app. This service promises same-day delivery with an average fulfillment time of under an hour, ensuring that customers quickly get the gear they need.
Academy Sports' products would be available on the DoorDash app, simplifying the shopping process for everyday items. Additionally, all locations would be accessible through DashPass, DoorDash's membership program. DashPass offers members benefits such as a $0 delivery fee and reduced service fees on eligible orders from a variety of merchants, making it an attractive option for regular customers.

Conclusion

Investors should note the potential for increased sales and customer loyalty resulting from this collaboration. As the demand for quick and convenient delivery services continues to rise, this partnership positions both Academy Sports and DoorDash to capitalize on emerging market trends, potentially driving revenue growth and enhancing the value of its shareholders.
The exclusive partnership between Academy Sports and DoorDash marks a significant step forward in the retail and local commerce landscape. By focusing on customer convenience and leveraging technological advancements, both companies are poised for success in the evolving market.
ASO currently carries a Zacks Rank #2 (Buy). Shares of the company have risen 5.4% in the past year against the industry's decline of 4.5%.

Zacks Investment Research
Image Source: Zacks Investment Research

Other Key Picks

Here are some other top-ranked stocks from the Zacks Consumer Discretionary sector.
Netflix, Inc. NFLX presently sports a Zacks Rank of 1 (Strong Buy).

NFLX has a trailing four-quarter earnings surprise of 9.3%, on average. The stock has risen 52% in the past year. The consensus estimate for NFLX's 2024 sales and EPS implies a rise of 14.8% and 52.2%, respectively, from the year-ago levels.
Royal Caribbean Cruises Ltd. RCL currently holds a Zacks Rank of 1. RCL has a trailing four-quarter earnings surprise of 18.3%, on average. The stock has surged 66.1% in the past year.
The Zacks Consensus Estimate for RCL's 2024 sales and EPS implies growth of 16.8% and 63.8%, respectively, from the year-ago levels.

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