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Dick's Sporting Goods Profits Rise 6.9%

|Includes:Dick's Sporting Goods, Inc. (DKS)

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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.

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Stocks: DKS