Dick's Sporting Goods (DKS) Tops Q2 Views; Guides Q3, Raises FY09 EPS Outlook

August 20, 2009 7:38 AM EDT
Dick's Sporting Goods, Inc. (NYSE: DKS) reports Q2 EPS of $0.36, 5 cents better than the analyst estimate of $0.31. Revenue for the quarter was $1.126 billion, versus the consensus of $1.12 bllion.

Same store sales fell 4.1% during the quarter.

Sees Q3 EPS of $0.04-$0.07, versus the consensus of $0.04. Same store sales are expected to be down 4-6%.

Reaffirms its FY09 same store sales guidance: down 4-5%. Raises its FY09 EPS guidance from $0.88-$1.00 to $1.02-$1.07.

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Earnings, Guidance, Retail Sales