Dick’s (NYSE: DKS) 4Q18 Results: Revenues Down, Closing Hunt Category in 125 Stores in 2019
Key Points
- Dick’s Sporting Goods 4Q18 revenues were $2.49 billion, down 6.5% year over year and beating the consensus estimate of $2.48 billion. The company reported 4Q18 EPS of $1.07, down 3.6% from the year ago period, and above the consensus estimate of $1.06.
- The company saw consolidated comparable sales growth of (2.2)% for the quarter on a shifted basis compared to (6.5)% from the year ago period, and the consensus estimate of (3.3)%. This was in line with the company’s expectations.
- For fiscal year 2019, the company expects earnings per share to be in the range of $3.15-3.35, compared to the consensus estimate of $3.34. Management projects consolidated same store sales to be flat to 2%, compared to the consensus estimate of 0.5%.
Dick’s Sporting Goods 4Q18 revenues were $2.49B, down 6.5% YoY and beating the consensus estimate of $2.48B. The company reported 4Q18 EPS of $1.07, down 3.6% from the year ago period, and above the consensus estimate of $1.06. The company saw consolidated comparable sales growth of (2.2%) for the quarter on a shifted basis compared to (6.5%) from the year ago period, and the consensus estimate of (3.3%). For fiscal year 2019, the company expects EPS to be in the range of $3.15-3.35, compared to the consensus estimate of $3.34. Management projects consolidated same store sales to be flat to 2%, compared to the consensus estimate of 0.5%. The company will close the hunt category in 125 of its stores in 2019.
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