$DKS (Dick's Sporting Goods Inc.)

$DKS {{ '2016-05-19T12:06:49+0000' | timeago}} • Announcement

Sporting goods retailer $DKS reported consolidated net income of $56.9MM or $0.50 per diluted share in 1Q16 compared to the company's expectations of $0.48-0.50 per diluted share. This was a decrease from consolidated net income of $63.3MM or $0.53 per share in 1Q15. Net sales for 1Q16 increased 6.1% to approx. $1.7Bil.

$DKS {{ '2017-08-15T19:59:16+0000' | timeago}} • Webcast

$DKS said its supply chain is backed up, but its inventory is in pretty good shape. "If we have an opportunity to buy a product, what we perceive to be the right price will do that. So we are not backed up in inventory," the company said.

$DKS {{ '2017-08-15T14:13:22+0000' | timeago}} • Infographic

$DKS Dick's Sporting Goods, Inc. Earnings AlphaGraphic: Q2 2017 Highlights

$DKS {{ '2017-08-15T12:17:05+0000' | timeago}} • Announcement

For 3Q17, $DKS sees GAAP EPS in the range of $0.22 to $0.30. Consolidated same store sales are currently expected to decline in the low single-digits in the 3Q17, as compared to a 5.2% increase in 3Q16.

$DKS {{ '2017-08-15T12:12:50+0000' | timeago}} • Announcement

For FY17, $DKS expects to report GAAP EPS of $2.85 to $3.05 and non-GAAP EPS of  $2.80 to $3.00. Same store sales are currently expected to be flat or down low single-digit during this period.

$DKS {{ '2017-08-15T12:07:45+0000' | timeago}} • Announcement

$DKS' eCommerce sales for 2Q17 increased about 19%. eCommerce penetration was 9.2% of total net sales during the quarter, compared to 8.5% in the year-over period.

$DKS {{ '2017-08-15T12:05:10+0000' | timeago}} • Announcement

In spite of posting flat same store sales, sporting goods retailer $DKS managed to increase net sales 9.6% to approx $2.2Bil in 2Q17. Net income was $112.4MM, or $1.03 per share, compared to $91.4MM, or $0.82 per share a year ago. On a non-GAAP basis, $DKS earned $104.8MM, or $0.96 per share during the quarter.

$LW {{ '2017-07-25T13:48:53+0000' | timeago}} • Announcement

$LW appointed Andre Hawaux, COO of $DKS, and Hala Moddelmog, CEO of the Metro Atlanta Chamber, to its BoD, effective July 19, 2017. Executive Chairman Timothy McLevish has decided not to seek re-election to its BoD. The Board will appoint current lead independent director W.G. Jurgensen to the role of Non-Executive Chairman.

$DKS {{ '2017-05-16T17:44:19+0000' | timeago}} • Webcast

$DKS commented that on e-commerce business the company expects this business to continue to be more profitable going forward. Additionally on store renewals and its impact or margins, the company said it has an option to move or close the store and has been able to leverage real estate prices to come down.

$DKS {{ '2017-05-16T17:13:53+0000' | timeago}} • Webcast

$DKS said that on slowing down its store growth, it's because the new stores are doing well with productivity over 90%. The company added that it is also doing so as it is seeing the price of real estate to come down significantly due to store closures of other competitors.

$DKS {{ '2017-05-16T16:41:44+0000' | timeago}} • Webcast

$DKS saw growth in each of its three primary categories; hardlines, apparel and footwear in 1Q17. The company also saw growth in tickets and transactions. On store development, $DKS plans to significantly reduce its store growth in the coming years. In 2017, the company plans to open about 43 Dick's stores of which 19 are former TSA stores.

$DKS {{ '2017-05-16T13:51:56+0000' | timeago}} • Infographic

$DKS Dick's Sporting Goods Inc. Earnings AlphaGraphics: Q1 2017 highlights

$DKS {{ '2017-05-16T12:03:02+0000' | timeago}} • Announcement

$DKS expects to open about 8 new Golf Galaxy stores, relocate 1 Golf Galaxy store and open 8 new Field & Stream stores adjacent to new or relocated DICK's Sporting Goods stores in 2017. In 2017, the company anticipates capital expenditures to be about $350MM on a net basis and about $465MM on a gross basis.

$DKS {{ '2017-05-16T12:01:18+0000' | timeago}} • Announcement

$DKS expects 2017 EPS of $3.59-3.69, with expected 111-112MM diluted shares outstanding, its non-GAAP EPS of $3.65-3.75 and same store sales growth of about 1-3%. $DKS expects to open about 43 new DICK's Sporting Goods stores and relocate about 6 DICK's Sporting Goods stores in 2017.

$DKS {{ '2017-05-16T11:56:36+0000' | timeago}} • Announcement

$DKS expects 2Q17 EPS of $0.98-1.03, with expected 112MM diluted shares outstanding, its non-GAAP EPS of $1.02-1.07 and same store sales growth of about 2-3%. $DKS expects to open 13 new DICK's Sporting Goods stores in 2Q17. These openings include former TSA stores that $DKS plans to convert to DICK'S Sporting Goods stores.

$DKS {{ '2017-05-16T11:53:47+0000' | timeago}} • Announcement

As of April 29, 2017, $DKS operated 691 DICK's Sporting Goods stores in 47 states, with about 36.8MM square feet, 98 Golf Galaxy stores in 32 states, with about 2.1MM square feet, and 29 Field & Stream stores in 14 states, with about 1.4MM square feet.

$DKS {{ '2017-05-16T11:52:32+0000' | timeago}} • Announcement

$DKS reported a rise in 1Q17 earnings driven by lower income taxes provision and lower interest expenses. Net income rose to $58.2MM or $0.52 per share from $56.9MM or $0.50 per share last year. Net sales grew to $1.83Bil from $1.66Bil. Non-GAAP EPS for the latest quarter was $0.54. Same store sales increased 2.4%.

$DKS {{ '2017-05-11T19:39:01+0000' | timeago}} • Announcement

$DKS said Don Germano, who led its Stores organization from 2010 through 2013, will re-join the company on May 30, 2017 as SVP, Operations, reporting to the newly-appointed President Lauren Hobart. In this capacity, Germano will lead the company's Stores organization, including Store leadership, environment and operations.

$DKS {{ '2017-05-11T19:37:26+0000' | timeago}} • Announcement

$DKS said Andre Hawaux is retiring from his position as EVP, COO. Hawaux will remain with the company through 2Q17. Lauren Hobart has been appointed President of $DKS, effective immediately, reporting to CEO Edward Stack. Keri Jones will join the company on May 22, 2017 as EVP, Chief Merchant, reporting to Edward Stack.

$DKS {{ '2017-03-07T15:55:12+0000' | timeago}} • Webcast

$DKS expects the 30BP margin benefit from the launch of the ecommerce site to take effect toward 2Q17 and beyond. The company has some investments that would be in the $6-7MM range in order to launch the brand.

$DKS {{ '2017-03-07T15:45:33+0000' | timeago}} • Webcast

$DKS said the vendor consolidation strategy is aimed at getting more exclusive products and better margins. The company does not expect to give up any sales or margin rates. The strategy will be across a broad range of products and will give $DKS an opportunity to drive its private brands business which is expected to be about $1Bil in 2017.

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