Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Q2 2022 Earnings Conference Call September 7, 2022 10:00 AM ET
Company Participants
Matt Hodges - VP, IR
Ken Hicks - Chairman, President, & CEO
Michael Mullican - EVP & CFO
Steve Lawrence - EVP & Chief Merchandising Officer
Conference Call Participants
Chris Horvers - JPMorgan
Simeon Gutman - Morgan Stanley
Michael Lasser - UBS
Daniel Imbro - Stephens
Greg Melich - Evercore
Robbie Ohmes - Bank of America
Brian Nagel - Oppenheimer
John Heinbockel - Guggenheim
Anthony Chukumba - Loop Capital Markets
Seth Basham - Wedbush Securities
Operator
Good morning, ladies and gentlemen and welcome to the Academy Sports and Outdoors Second Quarter Fiscal 2022 Results Conference Call. At this time, this call is being recorded and all participants are in a listen-only mode. Following the prepared remarks, there will be a brief question-and-answer session. Questions will be limited to analysts and investors. Please limit yourself to one question and one follow-up question. [Operator Instructions]
I will now turn the call over to Matt Hodges, Vice President of Investor Relations for Academy Sports and Outdoors. Matt, please go ahead.
Matt Hodges
Good morning, everyone and thank you for joining the Academy Sports and Outdoors second quarter 2022 financial results call. Participating on the call are Ken Hicks, Chairman, President, and CEO; Michael Mullican, Executive Vice President and CFO; and Steve Lawrence, Executive Vice President, and Chief Merchandising Officer.
As a reminder, statements in today's earnings release and the comments made by management during this call may be considered forward-looking statements. These statements are subject to risks and uncertainties that could cause our actual results to differ materially from our expectations and projections. These risks and uncertainties include but are not limited to the factors identified in the earnings release and in our SEC filings. The company undertakes no obligation to revise any forward-looking statements.
Today's remarks also refer to certain non-GAAP financial measures. Reconciliations to the most comparable GAAP measures are included in today's earnings release which is available at investors.academy.com. Unless otherwise noted, comparisons are 2021 with 2019 comparisons also provided where appropriate to benchmark performance given the impact of the pandemic in 2020 and 2021.
I will now turn the call over to our CEO, Ken Hicks.
Ken Hicks
Thank you, Matt. Good morning, and thank you all for joining us today. Our performance this quarter was in-line with our expectations. We remain confident that the durability of our strong assortments and everyday value model positions us well to deliver consistent sales and profitability growth going forward. This growth is supported by operational excellence, healthy inventory levels, a strong balance sheet, new store expansion, and omnichannel advancement. The Academy team remains focused on executing our priorities to achieve our vision of becoming the best sports and outdoor retailer in the country, while delivering a great experience for our customers and creating value for our stakeholders.