Dick's Sporting Goods, Inc. (DKS) Tops Q3 EPS by 1c; Issues Q4, FY13 EPS Outlook
Dick's Sporting Goods, Inc. (NYSE: DKS) reported Q3 EPS of $0.40, $0.01 better than the analyst estimate of $0.39. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.37 billion.
Adjusted for the shifted calendar, due to the 53rd week in 2012, consolidated same store sales increased 3.3%, compared to the Company's guidance of approximately flat to an increase of 1%. Third quarter 2012 consolidated same store sales increased 5.1%. Shifted same store sales in the third quarter of 2013 for DICK'S Sporting Goods increased 3.4% while Golf Galaxy increased 2.2%.
Sees Q4 2013 EPS of $1.04-$1.07, versus the consensus of $1.06. Consolidated same store sales adjusted for the shifted calendar, due to the 53rd week in 2012, are currently expected to increase 3 to 4% in the fourth quarter of 2013, or increase 2 to 3% on an unshifted basis, as compared to a 1.2% increase in the fourth quarter of 2012.
Dick's also sees FY2013 EPS of $2.62-$2.65, versus the consensus of $2.64. Consolidated same store sales are currently expected to be approximately flat to an increase of 1% on a 52-week to 52-week comparative basis, compared to a 4.3% increase in fiscal 2012.
For earnings history and earnings-related data on Dick's Sporting Goods, Inc. (DKS) click here.
Adjusted for the shifted calendar, due to the 53rd week in 2012, consolidated same store sales increased 3.3%, compared to the Company's guidance of approximately flat to an increase of 1%. Third quarter 2012 consolidated same store sales increased 5.1%. Shifted same store sales in the third quarter of 2013 for DICK'S Sporting Goods increased 3.4% while Golf Galaxy increased 2.2%.
Sees Q4 2013 EPS of $1.04-$1.07, versus the consensus of $1.06. Consolidated same store sales adjusted for the shifted calendar, due to the 53rd week in 2012, are currently expected to increase 3 to 4% in the fourth quarter of 2013, or increase 2 to 3% on an unshifted basis, as compared to a 1.2% increase in the fourth quarter of 2012.
Dick's also sees FY2013 EPS of $2.62-$2.65, versus the consensus of $2.64. Consolidated same store sales are currently expected to be approximately flat to an increase of 1% on a 52-week to 52-week comparative basis, compared to a 4.3% increase in fiscal 2012.
For earnings history and earnings-related data on Dick's Sporting Goods, Inc. (DKS) click here.