Dick’s Sporting Goods, Inc. (NYSE:DKS) reported its results for the first quarter. Dick’s Sporting Goods, Inc. is an authentic full-line sporting goods retailer offering a assortment of brand name sporting goods equipment, apparel, and footwear in a specialty store environment.
Dick’s Sporting Goods Earnings Cheat Sheet for the First Quarter
Results: Net income for Dick’s Sporting Goods, Inc. rose to $37.5 million (30 cents/share) vs. $26.2 million (22 cents/share) a year earlier. A rise of 43.1% from the year earlier quarter.
Revenue: Rose 6.3% to $1.11 billion YoY.
Actual vs. Wall St. Expectations: DKS beat the mean analyst estimate of 28 cents/share. Estimates ranged from 27 cents per share to 31 cents per share.
Quoting Management: “In the first quarter, we demonstrated our ability to effectively run our business and generate better than expected earnings, despite unfavorable weather conditions in many of our markets,” said Edward W. Stack, Chairman and CEO. “With several multi-year growth opportunities, a strong balance sheet, and a talented team of associates, we are optimistic about the near and long-term prospects of our business.”
Competitors to Watch: Big five Sporting Goods Corp. (NASDAQ:BGFV), Golfsmith Intl. Hldgs., Inc. (NASDAQ:GOLF), Hibbett Sports, Inc. (NASDAQ:HIBB), Cabela’s Incorporated (NYSE:CAB), Sport Chalet, Inc. (NASDAQ:SPCHA), Dover Saddlery, Inc. (NASDAQ:DOVR), Winmark Corporation (NASDAQ:WINA), Deckers Outdoors (NASDAQ:DECK), Nike (NYSE:NKE), The Timberland Company (NYSE:TBL), and Sports Direct Intl. Plc (NYSE:SPD).
Stock Performance: Shares of DKS are down over 3% today: