- Mon 5/21 #97; vol. 459K
** charts after earnings **
- Reports Q1 (Apr) earnings of $1.61 per share, excluding non-recurring items, $0.30 better than the S&P Capital IQ Consensus of $1.31; revenues rose 25.0% year/year to $343.3 mln vs the $328.16 mln S&P Capital IQ Consensus.
- Comparable store sales increased 5.1% (vs. estimates for ~2%).
- Comparable store sales will not include sales from City Gear until the fourth quarter of Fiscal 2020. E-commerce sales represented 8.3% of total sales for the first quarter. Strength in footwear and sneaker-connected apparel & accessories continued to offset softer sales in licensed products and team sports.
- Co raises guidance for FY20, sees EPS of $2.00-2.15 (Prior $1.80-2.00), excluding non-recurring items, vs. $1.89 S&P Capital IQ Consensus; sees comparable store sales 0.5-2.0% (Prior down 1% to +1%)
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a. Mon 5/20 vol. 459K
Tue #97 vol. 269K +17%
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