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

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.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs