Loading...
Loading...
- Dick's Sporting Goods Inc DKS reported a third-quarter FY22 sales growth of 7.7% year-on-year to $2.96 billion, beating the consensus of $2.68 billion.
- Comparable store sales increased 6.5% versus 12.8% growth a year ago.
- Gross profit margin contracted 423 basis points Y/Y to 34.22%. The operating margin contracted 428 basis points to 11%, and operating income for the quarter fell 22.5% to $325.5 million.
- The company held $1.4 billion in cash and equivalents as of October 29, 2022. Total inventory at the end of Q3 increased 35% Y/Y.
- Adjusted EPS of $2.60 beat the analyst consensus of $2.19.
- The company's Board of Directors declared a quarterly dividend of $0.4875 per share, payable in cash on December 30, 2022, to stockholders of record on December 9, 2022.
- Also Read: 7 Lessons That 25-Year-Old Corporate Superstar Cole Clark Says Accelerated His Career
- Outlook: DKS raised the FY22 adjusted EPS outlook from $10.00 - $12.00 to $11.50 - $12.10 versus the consensus of $11.45.
- The company also raised FY22 comparable store sales guidance to negative 3% - negative 1.5% from previously expected negative 6% - negative 2%.
- Price Action: DKS shares are trading higher by 8.30% at $115.82 on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
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