DICK’S Sporting Goods (DKS) Fiscal 2Q19 Results: Beats on EPS, Misses on Comps, Raises EPS Guidance
August 31, 2018
Key Points
- DICK’S reported fiscal 2Q19 EPS of $1.20, up 24.4% from adjusted EPS of $0.96 a year ago and beating the $1.04 consensus estimate. Revenues were $2.18 billion, up 1.0% year over year but below the $2.24 billion consensus estimate
- .Comps declined by 4.0%, adjusted for the calendar shift, missing the consensus estimate of a 0.7% decline. E-commerce sales grew by 12%.
- The company raised its annual EPS guidance to $3.02–$3.20 from $2.92–$3.12 previously, compared to consensus estimate of $3.08, as well as reaffirmed comp guidance of flat to a low single-digit decline versus consensus of (0.7) %.
DICK’S reported fiscal 2Q19 EPS of $1.20, up 24.4% from adjusted EPS of $0.96 a year ago and beating the $1.04 consensus estimate. Revenues were $2.18 billion, up 1.0% year over year but below the $2.24 billion consensus estimate
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