Dick's Sporting Goods (DKS) Misses Q2 EPS by 6c, Comps Increase 0.1%, Guidance Falls Short of Views

(Updated - August 15, 2017 7:36 AM EDT)

Dick's Sporting Goods (NYSE: DKS) reported Q2 EPS of $0.96, $0.06 worse than the analyst estimate of $1.02. Revenue for the quarter came in at $2.16 billion versus the consensus estimate of $2.17 billion.

Consolidated same store sales for the second quarter increased 0.1%

GUIDANCE:

Dick's Sporting Goods sees FY2017 EPS of $2.80-$3.00, versus the consensus of $3.64.

• Consolidated same store sales are currently expected to be in the range of approximately flat to a low single-digit decline on a 52 week to 52 week comparative basis, compared to an increase of 3.5% in 2016.

Dick's Sporting Goods sees Q3 EPS of $0.22-$0.30, versus the consensus of $0.56.

• Consolidated same store sales are currently expected to decline in the low single-digits in the third quarter of 2017, as compared to a 5.2% increase in the third quarter of 2016.

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

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