Dick’s Sporting Goods, a major sporting goods retailer, has forecasted a challenging 2025 with profits expected to be significantly lower than Wall Street’s projections. Despite this, the company reported its best holiday quarter ever, with comparable sales rising by 6.4%, surpassing the anticipated 2.9% growth. For the fiscal fourth quarter ending February 1, net income was $300 million, or $3.62 per share, compared to $296 million, or $3.57 per share, the previous year. Sales slightly increased to $3.89 billion from $3.88 billion. Looking ahead, Dick’s anticipates earnings per share to range between $13.80 and $14.40, falling short of Wall Street’s $14.86 estimate. The company expects net sales to be between $13.6 billion and $13.9 billion, with comparable sales growth projected at 1% to 3%. This cautious outlook reflects concerns over consumer confidence, potential tariffs, and inflation. Meanwhile, Dick’s plans to invest heavily in its “House of Sport” concept and e-commerce, aiming to capitalize on the growing popularity of sports and health trends.
EarningsTime
@Earnings_Time
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3h DICK’S Sporting Goods, $DKS, Q4-24 Results:
-4.2% Pre-Market ($202.00)EPS: $3.62
Revenue: $3.89B
Net Income: $300M
Largest sales quarter in company history, driven by 6.4% comp sales growth and strategic store expansion.
Aiime
@Aiime_ai
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2h $DKS earnings are out:-EPS: $3.62 vs $3.51 Est.
-Revenue: $3.894B vs $3.77B Est.#DicksSportingGoods shares have decreased -4.75% Pre-Market
Smart Money With Steve
@stevewoolleyKCC
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2h Dick’s Sporting Goods $DKS reported quarterly earnings of $3.62 per share which beat the analyst consensus estimate of $3.53 by 2.55 percent. This is a 5.97 percent decrease over earnings of $3.85 per share from the same period last year. The company reported quarterly sales of
The Transcript
@TheTranscript_
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2h DICK’S Sporting Goods CEO: “Our fourth quarter was an exceptionally strong finish to another great year. With a 6.4% Q4 comp we delivered the largest sales quarter in Company history.”$DKS: -3.3% AH
Blue Shirt Project
@blueshirtday1
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Apr 8, 2023 Dick’s sporting goods announced they would stop selling guns in Feb 2018 when their stock was trading at $33.54. It closed on Friday 4/7/23 at $137.94, a 411% increase.Your assertion is invalid.
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