- Credit Suisse digs into Dick's Sporting Goods' (DKS -10%) earnings report.
- The firm notes there was a lot of "noise" in the report due to the extra week in last year's comparison, concluding that EBIT dollars were down double digits and the gross margin trend worsened.
- "That supports our concerns about the sales/GM imbalance we have observed over the last few quarters," warns the CS analyst team.
- Credit Suisse keeps an Outperform rating on Dick's and price target of $35.
- Previously: Dick's Sporting Goods -2% after comparable sales drop (March 12)
Credit Suisse notes worsening margin trend at Dick's
Recommended For You
About DKS Stock
Related Stocks
Symbol | Last Price | % Chg |
---|---|---|
DKS | - | - |
DICK'S Sporting Goods, Inc. |