Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Q1 2022 Earnings Conference Call June 7, 2022 10:00 AM ET

Company Participants

Matt Hodges – Vice President-Investor Relations

Ken Hicks – Chairman, President, and Chief Executive Officer

Michael Mullican – Executive Vice President and Chief Financial Officer

Steve Lawrence – Executive Vice President and Chief Merchandising Officer

Conference Call Participants

Kate Fitzsimons – Wells Fargo

Greg Melich – Evercore

Robbie Ohmes – Bank of America

Chris Horvers – JPMorgan

Brian Nagel – Oppenheimer

Atul Maheswari – UBS

Seth Basham – Wedbush

Daniel Imbro – Stephens

John Heinbockel – Guggenheim

John Zolidis – Quo Vadis

Operator

Good morning ladies and gentlemen and welcome to the Academy Sports and Outdoors’ First Quarter Fiscal 2022 Results Conference Call. At this time, this call is being recorded. [Operator instructions]

I'll 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’ first quarter 2022 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 filings with the SEC. The company undertakes no obligation to revise any forward-looking statements. Today's remarks will 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.

I will now turn the call over to Ken Hicks, CEO. Ken?

Ken Hicks

Thank you, Matt. And good morning. And thank you all for joining us today. Let me start the call by thanking all of the Academy Sports and Outdoors’ team members for their continued hard work and dedication to our vision of becoming the best sports and outdoors retailer in the country.

Before I provide a high level overview of Academy's first quarter results, I would like to spend a few minutes discussing the opening of our first new store since 2019. On April 24, we opened our 11th metro Atlanta store in Conyers, Georgia. It was a great job by all of the team members who helped execute this highly successful store opening. This location was built with our new store format, making it an even more exciting place to shop with added visuals featuring brand and key item callouts, key category shops, enhanced category sidelines, and improved, more efficient checkout and more localized inventory. We now have 260 stores in 16 states, and we're excited about the growth opportunities we have across the rest of the country.