Dick's Sporting Goods can't keep up with estimates

|About: Dick's Sporting Goods, Inc. (DKS)|By:, SA News Editor

Dick's Sporting Goods (DKS) reports same store sales (unshifted) rose 1.2% during Q2 - compared to guidance of 3.5%-4.5% - as a "sluggish" consumer environment was too much to overcome.

SG&A expenses as a percentage of sales up 37 bps to 22%.

Dick's full-year EPS outlook is revised down to $2.60-$2.65 vs. $2.83 consensus. Comp sales seen declining 2% to 3%. (PR)

DKS -4.3% premarket.