Academy Sport Reveals Tariff Mitigation Actions: Says It Has Reduced Its Cost Exposure To Approximately 9% Of Total Cost Of Goods Sold Directly Related To China For Its Private Label Business And Plans To Further Reduce This Cost Exposure To Around 6% By FY25

The following actions have been taken to quickly limit exposure to all tariffs:

• Pulled forward domestic inventory receipts of evergreen product at pre-tariff prices
• Partnered with suppliers to decrease cost
• Reduced inventory receipts to maintain maximum flexibility to respond to evolving landscape
• Shifted product out of China to other countries
• Reduced fiscal 2025 projected capital expenditures
• Flexed expenses to better align with current composition of inventory