Dick's Sporting Goods (DKS) Tops Q1 EPS by 39c, Guidance Misses
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DICK'S Sporting Goods Reports First Quarter Results
May 25, 2022 7:30 AM EDTComparable store sales declined 8.4%Net sales of $2.7 billion increased 41% versus the first quarter of 2019Delivered earnings per diluted share of $2.47 and non-GAAP earnings per diluted share of $2.85, reflecting pre-tax income as a percentage of net sales of 12.3%Exchanged $100 million aggregate principal amount of convertible senior notes and unwound the corresponding portion of the convertible bond hedge and warrants for a combination of cash and shares, ending the first quarter with cash and cash equivalents of approximately $2.3 billionUpdates full year 2022 outlook to reflect the impact of evolving... More
