Dick's Sporting Goods (DKS) Tops Q1 EPS by 1c; Guides Q2 EPS Below Views

Dick's Sporting Goods (NYSE: DKS) reported Q1 EPS of $0.50, versus the analyst estimate of $0.49. Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.63 billion.

Consolidated same store sales increased 0.5%, compared to the Company's guidance of approximately flat to an increase of 1%. Same store sales for DICK'S Sporting Goods increased 0.4%, while Golf Galaxy increased 1.7%. First quarter 2015 consolidated same store sales increased 1.0%.

GUIDANCE:

Dick's Sporting Goods sees Q2 2016 EPS of $0.62-$0.72, versus the consensus of $0.78. Consolidated same store sales are currently expected to be in the range of negative 4.0% to negative 1.0% in the second quarter of 2016, as compared to a 1.2% increase in the second quarter of 2015.

Dick's Sporting Goods sees FY2016 EPS of $2.60-$2.90, versus the consensus of $2.95. Consolidated same store sales are currently expected to be in the range of negative 1.0% to positive 1.0%, compared to a 0.2% decrease in fiscal 2015.

For earnings history and earnings-related data on Dick's Sporting Goods (DKS) click here.

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