Dick's Sporting Goods walloped by weak guidance

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

Dick's Sporting Goods (DKS) reports comparable-store sales rose 1.5% in Q1 to miss the company's own guidance of a 3%-4% gain.

Comps rose 2.3% at Dick's, while Golf Galaxy saw a 10.4% drop.

Execs says the hunting category was weak during the quarter.

E-commerce penetration rose to 7% of sales.

Dick's drops its FY14 EPS guidance to $2.70-$2.85 vs. $3.03-$3.08 prior and $3.08 consensus on lowered expectations for store traffic.

DKS -14.7% premarket