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News Breaks
March 11, 2014
10:29 EDTDKSDick's Sporting sees Field & Stream to be accretive to earnings in FY16
Says Q4 traffic increased 6.3%. For FY14, the company says its critical to grow store base while making existing store more productive. Says will shift square footage to growing areas as it addresses challenges in categories like business and golf. Sees headwinds in hunting business, golf business; expects softness from Q4 in golf business continuing. Says confident in meeting long-term targets. Says long-term targets are to generate $10B in sales and 10.5% operating margin by the end of FY17. Says gross margins are expected to increase slightly in Q1. Sees slight gross margin expansion in FY14 and anticipates pre-opening expenses to increase year over year in Q1. Expects Field & Stream to be dilutive in FY14 and the ramp-up to continue into 2015, should impact earnings to a lesser degree that year. Says "a bit cautious" on golf business. Comments made during the company's Q4 earnings conference call.
News For DKS From The Last 14 Days
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April 15, 2015
08:09 EDTDKSDick's Sporting realistic long-term targets positive, says UBS
UBS said the new realistic long-term targets set by Dick's Sporting are a positive, as they set the foundation for a favorable earnings revision cycle. UBS reiterated its Buy rating and $67 price target on Dick's Sporting shares.
April 14, 2015
07:37 EDTDKSDick's Sporting backs FY15 EPS $3.10-$3.20, consensus $3.20
The company's earnings per share guidance includes the expectation of approximately $100M-200M of share repurchases in 2015. Consolidated SSS are currently expected to increase 1 to 3% in fiscal 2015.
07:36 EDTDKSDick's Sporting backs Q1 EPS 49c-53c, consensus 53c
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07:36 EDTDKSDick's Sporting expects to invest $850M in net CapEx over next three years
DICK'S Sporting Goods also reaffirmed its capital allocation strategy to provide returns to shareholders through investing in the business, repurchasing shares and paying dividends. To drive the growth of the business the company expects to invest approximately $850M in net capital expenditures over the next three years, primarily in new stores, store remodels and eCommerce. With its $1B 5-year share repurchase authorization, the company targets share repurchases of $100 to 200 million annually. The company is also committed to quarterly dividends.
07:35 EDTDKSDick's Sporting expects to open 9 Specialty Concept stores in 2015
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07:34 EDTDKSDick's Sporting plans to have ecommerce site on own platform in January 2017
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07:34 EDTDKSDick's Sporting sees significant opportunity to increase market share in US
The company sees significant opportunity to increase market share in the U.S. through growing its DICK'S Sporting Goods store base in new and underpenetrated markets and increasing its eCommerce sales. Stores continue to be a very profitable growth vehicle that deliver strong new store productivity, accelerate eCommerce growth, build brand equity and customer loyalty, and reinforce the strength of the Company's vendor partnerships. The company is taking a measured approach to growing its store count and anticipates growing its DICK'S Sporting Goods store base to approximately 735 to 750 stores by the end of fiscal 2017, an increase of approximately 135 to 150 stores from the 603 stores at the end of fiscal 2014. The company plans to grow eCommerce sales to approximately $1B-1.2B in fiscal 2017, from $628 million in fiscal 2014.
07:32 EDTDKSDick's Sporting sees FY17 revenue $8.7B-$9B, 3-year EPS CAGR of 12%-16%
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April 13, 2015
08:32 EDTDKSUnder Armour rises after Spieth brings attention to golf gear
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April 11, 2015
14:02 EDTDKSDick's Sporting to host analyst meeting
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