Dick’s (DKS) 4Q15 RESULTS: LIGHT 4Q, GUIDES BELOW CONSENSUS FOR 2016

Executive Summary

• DICK’S Sporting Goods reported 4Q15 net sales of $2.2 billion, up 3.7% year over year and slightly below the consensus estimate. EPS was $1.13, down 12.9% year over year and missing the consensus estimate by two cents.
• Consolidated same-store sales decreased by 2.5% following an increase of 3.4% in the year-ago quarter; guidance had called for a 2.0% decrease.
• For 2016, the company expects same-store sales to be flat–2% and EPS of $2.85–$3.00. Analysts expect an 8.7% increase in revenues and EPS of $3.25.