Dick's Sporting Goods Inc (NYSE:DKS)
$ 209.49 -5.87 (-2.73%) Market Cap: 17.07 Bil Enterprise Value: 20.55 Bil PE Ratio: 15.00 PB Ratio: 5.50 GF Score: 89/100

Dick's Sporting Goods Inc at Goldman Sachs Global Retail Conference (Virtual) Transcript

Sep 09, 2020 / 12:20PM GMT
Release Date Price: $56.38 (+4.08%)
Katharine Amanda McShane
Goldman Sachs Group, Inc., Research Division - Equity Analyst

It's my pleasure to introduce the members of the management team of DICK'S Sporting Goods to our fireside chat. DICK'S Sporting Goods is a leading omnichannel sporting goods retailer, offering extensive assortment of authentic, high-quality sports equipment, apparel, footwear and accessories. DICK'S also owns and operates Golf Galaxy as well as DICK'S Team Sports HQ.

DICK'S reported Q2 results a few weeks ago with comps up almost 21%. Demand trends remained strong into August, with quarter-to-date comps running plus 11% despite a softer back-to-school season and a drag from Team Sports. Athletic apparel, footwear, fitness, outdoor and golf continue to perform very well and further progress on replenishing high demand inventory should help support top line growth in the back half of the year.

Today, we have with us, CEO, Ed Stack; President, Lauren Hobart; and CFO, Lee Belitsky.

I do have to read some disclaimers quickly since this is the first presentation of this track. So bear with me

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