Dick's Sporting Goods, Inc. (DKS) Reports In-Line Q1 EPS; Guides Q2 EPS, Comps

Dick's Sporting Goods, Inc. (NYSE: DKS) reported Q1 EPS of $0.48, in-line with the analyst estimate of $0.48. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.36 billion.

First quarter 2012 consolidated same store sales increased 8.4%. Shifted same store sales in the first quarter of 2013 for DICK'S Sporting Goods decreased 3.2% and Golf Galaxy sales decreased 11.8%. Unshifted consolidated same store sales decreased 1.7%

Dick's. sees FY2013 EPS of $2.84-2.86, versus the consensus of $2.86. Consolidated same store sales are currently expected to increase approximately 2 to 3% on a 52-week to 52-week comparative basis, compared to a 4.3% increase in fiscal 2012.

Dick's sees Q2 2013 EPS of $0.75-0.77, versus the consensus of $0.76. Consolidated same store sales adjusted for the shifted calendar, due to the 53rd week in 2012, are currently expected to increase approximately 2 to 3% in the second quarter of 2013, or approximately 3.5 to 4.5% on an unshifted basis, as compared to a 3.8% increase in the second quarter of 2012.

For earnings history and earnings-related data on Dicks Sporting Goods, Inc. (DKS) click here.

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