Dick's Sporting Goods (DKS) Tops Q2 EPS by $1.95

Dick's Sporting Goods (NYSE: DKS) reported Q2 EPS of $3.21, $1.95 better than the analyst estimate of $1.26. Revenue for the quarter came in at $2.71 billion versus the consensus estimate of $2.45 billion.

• Consolidated same store sales increased 20.7%, even with approximately 15% of the Company's stores closed on average. eCommerce sales increased 194%, including Curbside Contactless Pickup. eCommerce penetration for the second quarter of 2020 was approximately 30% of total net sales, compared to approximately 12% during the second quarter of 2019. Second quarter 2019 consolidated same store sales increased 3.2%.

Full Year 2020 Outlook

As previously announced on March 19, 2020, the Company withdrew its fiscal 2020 outlook. The Company is not providing an updated outlook at this time.

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

You May Also Be Interested In

• Activist investor presses Xerox to review financial services arm - Bloomberg
• GE Aerospace to acquire Consolidated Precision in $11.75b deal
• Freeport-McMoRan shares surge as copper hits record $14,694/ton