Dick’s Sporting Goods’ updated outlook suggests sales jumped after Christmas

Dick's Sporting Goods' updated outlook suggests sales jumped after Christmas

Christmas came late for Dick’s Sporting Goods Inc., according to Wedbush analysts, who say the athletic retailer’s updated outlook suggests that sales bounced after the big holiday.

Dick’s DKS, +1.08% said in a filing that it now expects full-year earnings per share of $13.70 to 13.79, up from previous guidance for $12.88 to 13.06. Adjusted EPS is expected to be $15.50 to 15.60 compared with previous guidance for $14.60 to 14.80.

The FactSet consensus is for EPS of $15.35.

The outlook for full-year same-store sales is for growth between 25.8% to 26.1%, up from previous guidance for an increase between 24% to 25%. The FactSet consensus is for 25.8% growth.

Fourth-quarter EPS is expected to be $3.00 to 3.09 and the outlook for adjusted EPS is $3.45 to 3.55. The FactSet consensus is for $3.33.

Fourth-quarter same-store sales are expected to increase between 3.7% to 4.7%, compared…

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