Solid quarter from Dick's Sporting Goods, guidance light


Dick's Sporting Goods (DKS) matches the estimate of analysts with its Q4 report, but takes its guidance to below what analysts forecast.

The company saw same store sales for Dick's rise increase 7.9% during the quarter, while comps at weather-stricken Golf Galaxy fell 11.7%.

E-commerce penetration was 12.2% of total sales in Q4.

Looking ahead, Dick's sees same-store sales growth of 3% to 4% in 2014. The outlook from the company also includes Q1 EPS of $0.51-$0.53 vs. $0.54 consensus and FY14 EPS of $3.03-$3.08 vs. $3.11 consensus.

DKS -2.5% premarket

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Comments (2)
  • StopPrintinMoney
    , contributor
    Comments (305) | Send Message
     
    this recovery is truly amazing - major retailers either outright close stores (JCP, Staples, etc) or lower guidance (MCD, Walmart, Dicks etc) or both.
    11 Mar 2014, 11:47 AM Reply Like
  • caupachow
    , contributor
    Comments (524) | Send Message
     
    maybe they shouldn't have cancelled all of the gun orders...
    11 Mar 2014, 12:26 PM Reply Like
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