Categories Earnings, Leisure & Entertainment, Retail
Dick’s Sporting Goods, Inc. (DKS): Q4 2019 Earnings Snapshot
— DICK’S Sporting Goods, Inc. (NYSE: DKS) reported earnings of $1.32 per share in the fourth quarter of 2019, vs $1.22 per share expected.
— Net sales rose 4.7% to $2.61 billion, vs. $2.57 billion expected. Adjusted for calendar year difference, consolidated same store sales decreased 2.2% in Q4. Without this adjustment, same store sales increased 5.3%.
— eCommerce sales for the fourth quarter of 2019 increased 15%.
— Expects FY20 same store sales to be approx. flat to an increase of 2%, vs. 3.7% increase in 2019.
— For this period, the company currently projects EPS to be approximately $3.60 to 4.00.
— DKS shares shot up over 11% immediately following the announcement.
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