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Dick’s Sporting Goods (DKS) 4Q17 Results: EPS Beat Offset by Revenue and Comp Sales Misses

Executive Summary

  • Dick’s Sporting Goods reported 4Q17 adjusted EPS of $1.22, down 7.6% year over year but above the $1.20 consensus estimate and in line with company guidance. Revenues were $2.66 billion, up 7.3% year over year but below the $2.74 billion consensus estimate.
  • Comps were down 2.0%, missing the consensus estimate of a 0.9% decline and versus prior guidance calling for a low-single-digit decline.
  • For FY18, the company expects EPS of $2.80–$3.00 and comps to be flat to down by low single digits. The consensus estimates call for EPS of $2.79 and a comp increase of 0.2%.

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