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Tuesday, March 12, 2019

-=Dick's Sporting Goods (DKS) reported earnings on Tue 12 March 19 (b/o)

  • Dick's Sporting Goods (DKS) plunged Tuesday after announcing it will to stop selling firearms at 125 stores and missing same-store sales estimates. The sports equipment retailer also guided low on profit for current fiscal year.

CORAOPOLIS, Pa. (AP) _ Dick's Sporting Goods Inc. (DKS) on Tuesday reported fiscal fourth-quarter net income of $102.6 million.
On a per-share basis, the Coraopolis, Pennsylvania-based company said it had net income of $1.07.
The results matched Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was also for earnings of $1.07 per share.
The sporting goods retailer posted revenue of $2.49 billion in the period, exceeding Street forecasts. Seven analysts surveyed by Zacks expected $2.48 billion.
For the year, the company reported profit of $319.9 million, or $3.24 per share. Revenue was reported as $8.44 billion.
Dick's expects full-year earnings to be $3.15 to $3.35 per share.
Dick's shares have increased 25 percent since the beginning of the year. The stock has increased 22 percent in the last 12 months.

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