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Diluted earnings per share increased 11.6% to $2.22. Adjusted net income was $195 million and adjusted diluted earnings per share were $2.30. Net sales were down 5.8% to $1.69 billion.
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Academy Sports + Outdoors came into existence in 1938, [5] when Arthur Gochman and his business partner purchased Southern Sales, a San Antonio-based Army-Navy surplus chain comprising six stores that were by that year no longer making any profit. At the time, Gochman was a practicing attorney in San Antonio.
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