Dick’s (NYSE: DKS): 2Q19 Results: Revenues Up, Beats Consensus, Replaced Hunt Category with Localized Content in 135 Stores

Executive Summary

• Dick’s reported fiscal 2Q19 revenues of $2.26 billion, beating the consensus estimate of $2.21 billion, and up 3.8% year over year. The company reported 2Q19 earnings per share (EPS) of $1.26, higher than the consensus estimate of $1.21 and higher than the year ago period.
• Consolidated same store sales were 3.2%, driven by an increase in average ticket and transactions and beating the consensus estimate of 0.9%.
• The company raised its fiscal 2019 diluted EPS guidance to $3.30-3.45 from prior guidance of $3.20-3.40.