Dick's Sporting Goods (DKS) Tops Q1 EPS by 9c, Lifts FY Guidance

(Updated - May 30, 2018 7:33 AM EDT)

(Update corrects for adjusted EPS)

Dick's Sporting Goods (NYSE: DKS) reported Q1 EPS of $0.54, $0.09 better than the analyst estimate of $0.45. Revenue for the quarter came in at $1.91 billion versus the consensus estimate of $1.89 billion.

Based on an unshifted calendar, consolidated same store sales for the first quarter decreased 0.9%. Consolidated same store sales were impacted by a continued deceleration in hunt and electronics sales, as well as colder spring weather, which resulted in a delayed start to key outdoor sports and activities. First quarter 2017 consolidated same store sales increased 2.4%.

GUIDANCE:

Dick's Sporting Goods sees FY2018 EPS of $2.92-$3.12, versus the prior outlook of $2.80-$3.00 and the consensus of $2.93.

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 a decline of 0.3% in 2017.

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

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