Dick's Sporting Goods (DKS) Tops Q4 EPS by 17c, Offers FY Guidance
Dick's Sporting Goods (NYSE: DKS) reported Q4 EPS of $2.43, $0.17 better than the analyst estimate of $2.26. Revenue for the quarter came in at $3.13 billion versus the consensus estimate of $3.07 billion.
GUIDANCE:
Dick's Sporting Goods sees FY2021 EPS of $4.40-$5.20, versus the consensus of $5.15. Dick's Sporting Goods sees FY2021 revenue of $9.544-9.935 billion, versus the consensus of $9.59 billion.
The Company's Full Year Outlook for 2021 is presented below:
2021 Outlook | ||||||||||||||||
Low End | High End | Midpoint % Change | ||||||||||||||
(in millions, except per share amounts) | 2019 | 2020 | 2021 (E) | vs 2019 | vs 2020 | |||||||||||
Net Sales | $ | 8,751 | $ | 9,584 | $ | 9,544 | $ | 9,935 | 11 | % | 2 | % | ||||
Consolidated same store sales | 3.7 | % | 9.9 | % | (2.0) | % | 2.0 | % | ||||||||
Income before income taxes | $ | 408 | $ | 712 | $ | 520 | $ | 620 | 40 | % | (20) | % | ||||
% of Net Sales | 4.7 | % | 7.4 | % | 5.4 | % | 6.2 | % | ||||||||
Income before income taxes - non-GAAP | $ | 440 | $ | 733 | $ | 550 | $ | 650 | 36  | % | (18) | % | ||||
% of Net Sales - non-GAAP | 5.0 | % | 7.6 | % | 5.8 | % | 6.5 | % | ||||||||
Earnings per diluted share | $ | 3.34 | $ | 5.72 | $ | 3.81 | $ | 4.55 | 25 | % | (27) | % | ||||
Earnings per diluted share - non-GAAP | $ | 3.69 | $ | 6.12 | $ | 4.40 | $ | 5.20 | 30 | % | (22) | % | ||||
Weighted average diluted shares | 89 | 93 | 105 | 105 | ||||||||||||
Weighted average diluted shares - non-GAAP | 89 | 89 | 96 | 96 | ||||||||||||
Gross capital expenditures | $ | 217 | $ | 224 | $ | 345 | $ | 370 | ||||||||
Net capital expenditures | $ | 180 | $ | 167 | $ | 275 | $ | 300 | ||||||||
For earnings history and earnings-related data on Dick's Sporting Goods (DKS) click here.