Dick's Sporting Goods (NYSE: DKS) reported Q3 EPS of $0.45, $0.01 worse than the analyst estimate of $0.46. Revenue for the quarter came in at $1.6 billion versus the consensus estimate of $1.64 billion.

Consolidated same store sales increased 0.4%, compared to the Company's guidance of an increase of 1 to 3%. Same store sales for DICK'S Sporting Goods increased 0.7%, while Golf Galaxy decreased 2.9%. Third quarter 2014 consolidated same store sales increased 1.1%.

Current 2015 Outlook

The Company's current outlook for 2015 is based on current expectations and includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as described later in this release. Although the Company believes that the expectations and other comments reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations or comments will prove to be correct.

• Full Year 2015
  • Based on an estimated 117 million diluted shares outstanding, the Company currently anticipates reporting consolidated non-GAAP earnings per diluted share in the range of $2.85 to 3.00, excluding a litigation settlement charge. (Consensus estimates call for FY15 EPS of $3.19.) The Company's consolidated earnings per diluted share guidance contemplates the $300 million of share repurchases executed in 2015. For the 52 weeks ended January 31, 2015, the Company reported consolidated earnings per diluted share of $2.84. Consolidated non-GAAP earnings per diluted share for the 52 weeks ended January 31, 2015 were $2.87, excluding a gain on the sale of an asset and golf restructuring charges.
  • Consolidated same store sales are currently expected to be approximately flat to an increase of 1%, compared to a 2.4% increase in fiscal 2014.
• Fourth Quarter 2015
  • Based on an estimated 115 million diluted shares outstanding, the Company currently anticipates reporting consolidated earnings per diluted share in the range of $1.10 to 1.25 in the fourth quarter of 2015, compared to consolidated earnings per diluted share of $1.30 in the fourth quarter of 2014. (The Street consensus is at $1.43.)
  • Consolidated same store sales are currently expected to be in the range of negative 2.0% to positive 1.0% in the fourth quarter of 2015, as compared to a 3.4% increase in the fourth quarter of 2014.
• Capital Expenditures
  • In 2015, the Company anticipates capital expenditures to be approximately $245 million on a net basis and approximately $365 million on a gross basis. In 2014, capital expenditures were $247 million on a net basis and $349 million on a gross basis.

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

Earnings Guidance Hot Guidance Retail Sales

Weak 4Q Guide Overshadows Dick's Sporting Goods (DKS) 3Q Report; Morgan Stanley Cuts Price Target to $44November 18, 2015 11:13 AM Dick's Sporting Goods (DKS) Attributes 3Q Miss to Warm Weather; Canaccord Genuity Cuts Price Target to $46 November 18, 2015 9:21 AM Sterne Agee CRT Blames Warm Weather for Dick's Sporting Goods (DKS) Sell-off; Cuts Price Target to $55 November 17, 2015 4:49 PM Warm Weather Effects Inventory and Sales; Cowen Cuts Price Target on Dick's Sporting Goods (DKS) November 17, 2015 1:38 PM DICK'S Sporting Goods Reports Third Quarter ResultsNovember 17, 2015 7:30 AM Say What? Retailers Actually Did Better Following 9/11November 16, 2015 11:46 AM