Dicks Sporting Goods, Inc.

NYSE:DKS   3:59:33 PM EDT
98.31
-1.86 (-1.85%)
4:00:00 PM EDT: $98.42 +0.12 (+0.12%)
Positive Earnings Pre-Announcement

Dick's Sporting Goods Reports Record Quarterly Earnings In First Quarter 2021

Published: 05/26/2021 12:01 GMT
Dicks Sporting Goods, Inc. (DKS) - Dick's Sporting Goods Reports Record Quarterly Earnings in First Quarter 2021; Delivers 115% Increase in Same Store Sales Compared to the First Quarter of 2020 and Raises Full Year Guidance.
Sees FY Non-GAAP Earnings per Share $8.00 to $8.70.
Sees FY Earnings per Share $7.05 to $7.68.
Q1 Sales Rose 119 Percent to $2.92 Billion.
Q1 Revenue Estimate $2.18 Billion -- Refinitiv Ibes Data (analyst estimates).
115% Increase in Consolidated Same Store Sales in Q1.
Qtrly Consolidated Net Income $3.41 per Share.
Qtrly Non-GAAP Net Income $3.79 per Share.
Q1 Earnings per Share View $1.12 -- Refinitiv Ibes Data (analyst estimates).
Sees FY Net Sales $10.52 Billion - $10.81 Billion.
FY Earnings per Share View $5.32, Revenue View $9.81 Billion -- Refinitiv Ibes Data (analyst estimates).
Plans to Repurchase a Minimum of $200 Million of Its Common Shares in 2021.
For 2021, Incurred About $13 Million of Covid-related Safety Costs in Q1.
Expects to Relocate 11 Dick's Sporting Goods Stores in 2021.
Revenue is expected to be $2.75 Billion
Adjusted EPS is expected to be $2.53

Next Quarter Revenue Guidance is expected to be $2.22 Billion
Next Quarter EPS Guidance is expected to be $0.97

More details on our Analysts Page.