Dick's Sporting Goods (DKS) Tops Q4 EPS by 21c, Offers FY Guidance

Dick's Sporting Goods (NYSE: DKS) reported Q4 EPS of $3.64, $0.21 better than the analyst estimate of $3.43. Revenue for the quarter came in at $3.35 billion versus the consensus estimate of $3.3 billion.

GUIDANCE:

Dick's Sporting Goods sees FY2022 EPS of $11.70-$13.10, versus the consensus of $11.31.

• Coming off two consecutive record years in 2020 and 2021, the Company's fiscal 2022 outlook provides a new foundation upon which it will build in the years ahead.
• Based on an estimated 112 million diluted shares outstanding, the Company currently projects earnings per diluted share to be approximately $9.96 to 11.13. The Company's earnings per diluted share guidance includes $55 million of pre-tax interest expense associated with its new $1.5 billion long-term debt issuance as well as the expectation to repurchase a minimum of $200 million of its common shares in 2022. The Company reported earnings per diluted share of $13.87 in fiscal 2021.
• After adjusting for interest expense and share dilution relating to its convertible senior notes, the Company currently projects non-GAAP earnings per diluted share to be approximately $11.70 to 13.10. The Company reported non-GAAP earnings per diluted share of $15.70 in fiscal 2021.
• Consolidated same store sales are currently expected to be in the range of negative 4% to flat.
• In 2022, the Company anticipates capital expenditures to be in the range of $400 to 425 million on a gross basis and in the range of $340 to 365 million on a net basis. In fiscal 2021, capital expenditures were $308 million on a gross basis and $268 million on a net basis.

For earnings history and earnings-related data on Dick's Sporting Goods (DKS) click here.

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