Dick’s (NYSE: DKS): 1Q19 Results: Revenues Up, Beats Consensus, Replacing Hunt Category in 125 Stores

Key Points

• Dick’s reported fiscal 1Q19 revenues of $1.92 billion, beating the consensus estimate of $1.90 billion, and up 0.6% year over year. The company reported 1Q19 earnings per share of $0.62, higher than the consensus estimate of $0.58 and higher than the year-ago period.
• Consolidated same-store sales were flat for the quarter compared to the consensus estimate of (1.3%).
• The company raised its fiscal year 2019 EPS guidance to $3.20-3.40 compared to prior guidance of $3.15-3.35 and the consensus estimate of $3.27. The company projects consolidated comps to be slightly positive to up 2%, the in line with prior guidance of flat to up 2% and the consensus estimate of 0.7%. Dicks expects to deliver positive same-store sales beginning in 2Q19.

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