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https://www.fool.com/earnings/call-transcripts/2020/06/02/dicks-sporting-goods-inc-dks-q1-2020-earnings-call.aspx?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo

Dick's Sporting Goods Inc (DKS) Q1 2020 Earnings Call Transcript

2020-06-02 00:00:00, Motley Fool Transcribers, The Motley Fool

Content Categorization
/Business & Industrial
/News/Business News

Word Count:
11080

Words/Sentence:
16

Reading Time:
73.87 min

Reading Quality:
Intermediate

Readability:
11th or 12th

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And second, for your future scheduling purposes, we are tentatively planning to publish our second quarter 2020 earnings release before the market opens on August 26, 2020, with our subsequent earnings call at 10:00 AM Eastern Time.

Finally, we saw higher shipping expenses and e-commerce fulfillment costs as a result of our meaningfully higher e-commerce sales growth as well as the fixed costs associated with our two new dedicated e-commerce fulfillment centers that opened in the third quarter last year.

— AnalystTom Nikic — Wells Fargo Securities — AnalystJames Vincent Duffy — Stifel, Nicolaus & Company — AnalystJoseph Isaac Feldman — Telsey Advisory Group — Analyst

More DKS analysis

All earnings call transcripts

We also saw lower merchandise margins which decreased by 475 basis points, and were primarily driven by sales mix; higher promotions, particularly early in the quarter; and a $28 million writedown of inventory resulting from our temporary store closures.

First, we meaningfully reduced cash expenses across the business, including marketing, travel, contractors and within payroll through salary reductions and furloughs of a significant number of our teammates across our stores, distribution centers and customer support center.

Keywords
Default Partners, MSN, usmf-other, Yahoo News

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