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Dick's Sporting Goods Inc DKS
Q4 2012 Earnings Call Transcript

Transcript Call Date 03/11/2013

Operator: Good morning, and welcome to the Dick's Sporting Goods Fourth Quarter Earnings Conference Call. All participants will be in listen-only mode. After today's presentation, there will be an opportunity to ask questions. Please note this event is being recorded.

I would now like to turn the conference over to Anne-Marie Megela, Director of Investor Relations. Please go ahead.

Anne-Marie Megela - Director, IR: Thank you. Good morning. Thank you for joining us to discuss our fourth quarter 2012 financial results.

Please note that a rebroadcast of today's call will be archived on the Investor Relations portion of our website located at dickssportinggoods.com for approximately 30 days. In addition, as outlined in our press release, the dial-in replay will be available for approximately 30 days.

In order for us to take advantage of the Safe Harbor rules, I would like to remind you that today's discussions includes some forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which includes, but are not limited to our views and expectations concerning our future results. Such statements relate to future events and expectations and involve known and unknown risks and uncertainties. Our actual results or actions may differ materially from those projected in the forward-looking statements.

For a summary of risk factors that could cause results to differ materially from those expressed in the forward-looking statements, please refer to our periodic reports filed within the SEC, including the Company's Annual Report on Form 10-K for the year ended January 28, 2012. We disclaim any obligations and do not intend to update these statements, except as required by the securities law.

We've also included some non-GAAP financial measures in our discussion today. Our presentation of the most directly comparable financial measures calculated in accordance with Generally Accepted Accounting Principles and related reconciliation can be found on the Investor Relations' portion of our website at dickssportinggoods.com.

Leading our call today will be Ed Stack, Chairman and Chief Executive Officer. Ed will review our fourth quarter and full year financial and operating results and discuss planned investments and guidance for 2013. Joe Schmidt, our President and Chief Operating Officer will then review our store development program and discuss recent and expected systems implementations, as well as provide insight into our new concept. After Joe's comments, Tim Kullman, our Executive Vice President of Finance, Administration and Chief Financial Officer, will provide greater detail regarding our financial results, investments and expectations. Ed will then provide some closing comments before opening the lines for Q&A.

I will now turn it over to Ed Stack.

Edward W. Stack - Chairman and CEO: Thank you, Anne-Marie. I'd like to thank all of you for joining us today. In the fourth quarter, we again generated record results with earnings per diluted share increasing 17% to $0.03. These earnings compared to our original guidance of $0.03 to $0.05. The fourth quarter included a 14-week, which contributed $0.03 per earnings in the quarter.

Read our Earnings Call Transcript disclaimer.
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