- Dick’s Sporting Goods Inc DKS reported second-quarter FY21 sales growth of 20.7% year-on-year, to $3.27 billion, beating the analyst consensus of $2.82 billion. Net sales increased 45.0% compared to Q2 FY19.
- Same-store sales for the quarter rose 19.2%, which followed growth of 20.7% in Q2 FY20 and 3.2% in Q2 FY19.
- eCommerce sales decreased 28% Y/Y due to temporary store closures and increased 111% against Q2 FY19.
- eCommerce penetration was 18% of net sales in the quarter.
- Gross profit increased 39.5% Y/Y to $1.3 billion, with the margin expanding 538 basis points to 39.9%.
- The operating margin was 20.3%, and operating income for the quarter rose 69.6% to $663.6 million.
- Dick’s Sporting Goods held $2.24 billion in cash and equivalents as of July 31, 2021.
- Total inventory at the end of the quarter increased 7.2% Y/Y.
- Cash provided by operating activities for the six months totaled $1.03 billion.
- Adjusted EPS of $5.08 beat the analyst consensus of $2.70.
- Dick’s Sporting announced a special dividend of $5.50 per share, a 21% increase in the quarterly dividend to $0.4375 per share, and an increase in its planned share repurchases to a minimum of $400 million.
- Outlook: Dick’s Sporting sees FY21 sales of $11.52 billion - $11.72 billion (prior $10.515 billion - $10.806 billion) versus the consensus of $10.9 billion.
- The company expects FY21 adjusted EPS of $12.45 - $12.95 (prior $8.00 - $8.70) versus the consensus of $9.01.
- Price Action: DKS shares are trading higher by 12.6% at $128.79 in premarket on the last check Wednesday.
DKSDick's Sporting Goods Inc
$195.25-1.87%
Edge Rankings
Momentum61.31
Growth63.21
Quality94.33
Value63.93
Price Trend
Short
Medium
Long
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
