Categories Earnings, Leisure & Entertainment, Retail

Dick’s Sporting Goods, Inc. (DKS): Q4 2019 Earnings Snapshot

Dick's Sporting Goods Q4 2019 earnings

— 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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Also Read:  Weibo (WB) reports upbeat Q2 results as pandemic situation stabilizes in China

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