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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Dick's Sporting Goods Profits Rise 6.9% 0 comments
    Mar 11, 2014 11:19 AM | about stocks: DKS

    Originally published at

    Dick's Sporting Goods Inc. (NYSE:DKS) announced its financial results for the fourth quarter and full fiscal year 2013, posting a profit increase of 6.9% in fourth quarter. The sporting goods retailer reported revenues of $1.95B, up 7.9% from a year ago while company overhead increased 7.2% to $402.9M. Quarterly earnings were $138.6M and $1.11 per share, up from $129.7M and $1.03 per share in the year-ago quarter. Dick's is projecting first quarter earnings per share between $0.51 and $0.53 per share while analysts estimate earnings of $0.54 per share. Chairman and CEO Edward Stack commented that the company expects double-digit earnings growth in 2014 and intends to build on the work it has completed in the 2013 fiscal year.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: DKS
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