The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: John Edward Heinbockel - Guggenheim Securities, LLC, Research Division - Analyst
: Congratulations, guys. Let me start with the stores that are in the non-heritage markets, right, and the stores that have opened in the last 5 years,
at this point, you would think those can all be at the same level of profitability, right, of the core stores? Is that fair?
And then have you rethought, as COVID has kind of changed some of your capabilities, have you rethought the long-term profit margin targets of
the business, right? Can it be fundamentally more profitable than you thought a year ago?
Question: John Edward Heinbockel - Guggenheim Securities, LLC, Research Division - Analyst
: And maybe as a follow-up to that, right, when you think about the expansion program going forward because you're -- there's a lot of white space.
How do you think about, to your point, clustering, right? Do you want to do 3 or 4 in a market? Or is more the idea to spread it out over the next
couple of years?
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MARCH 30, 2021 / 3:00PM, ASO.OQ - Q4 2020 Academy Sports & Outdoors Inc Earnings Call
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