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ACADEMY SPORTS AND OUTDOORS INC

ASO

Consumer Discretionary

2

exclusion reasons

2 themes

Animal Welfare (1) Weapons & Military (1)
ASO Consumer Discretionary Current as of March 2026

ACADEMY SPORTS AND OUTDOORS INC is screened out under 2 exclusion reasons spanning 2 issue categories.

This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. It is a statement of values.

Animal Exploitation
Since Mar 12, 2026

Excluded under ECIC's animal exploitation policy. This company's commercial operations involve the production, processing, or sale of animal-derived products. This is a policy-based exclusion; company-specific evidence is scheduled for enrichment in Q2/Q3 2026.

Weapons Promotion
Since Nov 13, 2021

Academy Sports and Outdoors Inc. is a major sporting goods retailer. The company operates retail channels for the sale of civilian firearms and ammunition across its stores. This business activity falls under the weapons_promotion exclusion category.

No specific evidence regarding the scale of this business line, such as revenue percentages or unit sales, has been gathered for this review. Further research is required to detail the company's specific product offerings, marketing practices, or any related incidents.

Source:
SIPRI
Research Sources 2 organizations
Cruelty Free Investors
External
SIPRI
External

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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.

This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.

Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.