Dick's Sporting Goods Inc at Morgan Stanley Global Consumer and Retail Conference Transcript
Good afternoon. I'm Simeon Gutman, Morgan Stanley's hardline, broadline and food retail analyst. It's my pleasure to welcome DICK'S Sporting Goods to our conference, their first of what we hope will be many appearances. DICK'S is represented by President, Lauren Hobart; EVP and CFO, Lee Belitsky; and Director of Investor Relations, Nate Gilch.
Pardon the sports pun. So when Tiger Woods won the Masters this year, Jim Nantz, his call was return to glory. And while the people on this stage would probably say that they're not there yet, that's the path that this company is actually back on. And I think it's something that's actively being debated among investors. This was once this high-growth darling, high-multiple name. And the business has gone through a sizable transformation over the past few years: IT; e-com investments; store investments; pruning categories, pruning brands; slowing store growth; and most of all, optimizing their e-commerce experience.
As CEO, Ed Stack, said on the second quarter call, the
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