DKS - DICK'S Sporting Goods Inc. (DKS) Q1 2024 Earnings Call Transcript
2024-05-29 11:52:11 ET
DICK'S Sporting Goods, Inc. (DKS)
Q1 2024 Earnings Conference Call
May 29, 2024, 8:00 AM ET
Company Participants
Nate Gilch - Senior Director, Investor Relations
Lauren Hobart - President and Chief Executive Officer
Navdeep Gupta - Executive Vice President and Chief Financial Officer
Conference Call Participants
Adrienne Yih - Barclays
Simeon Gutman - Morgan Stanley
Kate McShane - Goldman Sachs
Christopher Horvers - JPMorgan
Robert Ohmes - Bank of America
Warren Cheng - Evercore ISI
Michael Baker - D.A. Davidson
Joseph Feldman - Telsey Advisory Group
John Kernan - TD Cowen
Justin Kleber - Baird
Joseph Civello - Truist Securities
Charles Grom - Gordon Haskett
Paul Lejuez - Citi
Will Gaertner - Wells Fargo
Seth Basham - Wedbush Securities
Jonathan Matuszewski - Jefferies
Presentation
Operator
Thank you for standing by and welcome to the DICK's Sporting Goods First Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions]
Thank you. I'd now like to turn the call over to Nate Gilch, Senior Director of Investor Relations. You may begin.
Nate Gilch
Good morning, everyone, and thank you for joining us to discuss our first quarter 2024 results. On today's call will be Lauren Hobart, our President and Chief Executive Officer; Navdeep Gupta, our Chief Financial Officer. A playback of today's call will be archived on our Investor Relations website located at investors.dicks.com for approximately 12 months.
As a reminder, we will be making forward-looking statements that are subject to various risks and uncertainties that could cause our actual results to differ materially from these statements. Any such statements should be considered in conjunction with cautionary statements in our earnings release and risk factor discussions in our filings with the SEC, including our last Annual Report on Form 10-K as well as cautionary statements made during this call.
We assume no obligation to update any of these forward-looking statements or information. Please refer to our Investor Relations website to find the reconciliation of our non-GAAP financial measures referenced in today's call.
And finally, a few admin items. First, as we previewed on our last earnings call, beginning this quarter, we have revised our comparable sales calculations to include revenue from our GameChanger business. Second, beginning this quarter, we've included grand opening advertising costs within preopening expenses.
These one-time costs incurred in connection with opening new stores were historically presented within SG&A, part of advertising costs. We have reclassified prior period amounts informed to our current year presentation. And finally, for your future scheduling purposes, we are tentatively planning to publish our second quarter 2024 earnings results on September 4th, 2024....
DICK'S Sporting Goods, Inc. (DKS) Q1 2024 Earnings Call Transcript