Dick's Sporting Goods (DKS) Tops Q1 EPS by 39c, Guidance Misses

Dick's Sporting Goods (NYSE: DKS) reported Q1 EPS of $2.85, $0.39 better than the analyst estimate of $2.46. Revenue for the quarter came in at $2.7 billion versus the consensus estimate of $2.62 billion.

GUIDANCE:

Dick's Sporting Goods sees FY2022 EPS of $9.15-$11.70, versus the consensus of $12.56.

• The Company's Full Year Outlook for 2022 is presented below
• Earnings per diluted share
• $7.95 to 10.15
• Based on approximately 103 million diluted shares outstanding
• Includes a minimum of $300 million of share repurchases
• $9.15 to 11.70 on a non-GAAP basis, which excludes the impact of assumed share settlement of the Convertible Senior Notes
• Based on approximately 88 million diluted shares outstanding
• Comparable store sales
• Negative 8% to negative 2%
• Capital expenditures
• $400 to 425 million on a gross basis
• $340 to 365 million on a net basis

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

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