Academy Sports & Outdoors, Inc. 10-Q

ITEM 1. LEGAL PROCEEDINGS We are a defendant or co-defendant in lawsuits, claims and demands brought by various parties relating to matters normally incident to our business. No individual case, or group of cases against us, presenting substantially similar issues of law or fact, is expected to have a material effect on the manner in which we conduct our business or on our consolidated results of operations, financial position or liquidity. The majority of these cases are alleging product, premises, employment and/or commercial liability. Reserves have been established that we believe to be adequate based on our current evaluations and experience in these types of claim situations; however, the ultimate outcome of these cases cannot be determined at this time. We believe, taking into consideration our indemnities, defenses, insurance and reserves, the ultimate resolution of these matters will not have a material impact on our financial position, results of operations or cash flows. There have been no material developments during the fiscal quarter ended October 29, 2022, with respect to any of the matters discussed under the heading "Legal Proceedings" in the Annual Report . We are not currently party to any other legal proceedings that we believe would have a material adverse effect on our financial position, results of operations or cash flows.