Dick's Sporting Goods (NYSE:DKS) reports comparable-store sales increased 3.2% in Q2 vs. guidance for a 1%-3% gain and 2.2% consensus.
Same-store sales for the Dick's brand was up 4.1%, while Golf Galaxy saw a 9.3% decline on slow traffic.
E-commerce penetration +70 bps to 6.3%.
Inventory +11.2% to $1.418B.
SG&A expense ratio +68 bps to 22.0%.
Store count +41 to 642.
Guidance: Full-year comp store growth of 1% to 3% is forecast. EPS is seen as falling in a range of $2.70-$2.85.
DKS +6.2% premarket