- Dick’s Sporting Goods has increased its full-year forecast for comparable sales to a range of 3.5% to 4%, up from the previous forecast of 2% to 3.5%.
- The company’s estimated earnings per share (EPS) for the full year have been raised to $14.25 to $14.55 from an earlier prediction of $13.90 to $14.50.
- Net capital expenditure for the year is projected to be approximately $1 billion, with expected net sales between $13.95 billion and $14 billion.
- Third-quarter adjusted EPS was $2.07, a decrease from $2.75 year-over-year.
- The reported EPS for the third quarter was 86 cents, compared to $2.75 in the previous year.
- Third-quarter net sales surged to $4.17 billion, marking a 36% year-over-year increase, surpassing the estimate of $3.18 billion.
- Gross margin came in at 33.1%, down from 35.8% year-over-year, and below the estimate of 35.8%.
- The total number of locations increased by 0.7% quarter-over-quarter, reaching 891, though slightly below the estimate of 895.69.
- There were 725 Dick’s Sporting Goods stores, a 0.3% quarterly increase, exceeding the estimate of 723.73.
- Third-quarter comparable sales grew by 5.7%, driven by an increase in both the average ticket size and the number of transactions.
- The company anticipates a slightly negative operating profit for Foot Locker in the fourth quarter.
- Strategic actions for Foot Locker include optimizing inventory and closing underperforming store locations.
Dick’s Sporting Goods on Smartkarma
Analyst coverage of Dick’s Sporting Goods on Smartkarma indicates positive sentiments towards the company’s performance. Baptista Research has published insightful reports highlighting key drivers shaping Dick’s Sporting Goods‘ future success. The research reports emphasize the company’s strong performance in recent quarters, with notable increases in comparable store sales, supported by growth in average ticket size and transactions. Dick’s Sporting Goods has shown consistent improvement, including expanding gross margins, which showcases effective inventory and pricing strategies.
Furthermore, Baptista Research forecasts a promising outlook for Dick’s Sporting Goods, with a focus on youth sports as a potential $40 billion opportunity. The reports detail the company’s robust financial performance in the first and second quarters of fiscal 2025, reflecting the effectiveness of its strategic initiatives and operational enhancements. Continuous growth in comparable store sales, along with increased average ticket value and transaction volume, underpin strong consumer demand and engagement with Dick’s product offerings. Overall, the analyst coverage on Smartkarma paints a bullish picture for Dick’s Sporting Goods and its future prospects.
A look at Dick’s Sporting Goods Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Looking ahead, Dick’s Sporting Goods has received a mix of Smart Scores in various categories. The company scores well in Momentum, indicating that it has strong stock price performance and market sentiment. This suggests positive investor interest and potential growth. In terms of Value, Dick’s Sporting Goods has a moderate score, implying that the company is reasonably priced relative to its financial performance. Moreover, it has received a solid rating for Dividend, Growth, and Resilience, indicating a balanced performance across these crucial aspects. With a focus on offering a broad selection of sporting goods equipment, apparel, and footwear primarily in the eastern and central United States, Dick’s Sporting Goods appears to be well-positioned for long-term success.
In conclusion, as per the Smart Scores, Dick’s Sporting Goods shows promising signs for the future. The company’s strong Momentum score suggests positive market sentiment and stock performance. While its Value score is moderate, the company has demonstrated resilience, growth potential, and a decent dividend profile. Operating primarily in the eastern and central United States, Dick’s Sporting Goods maintains a solid foundation as a sporting goods retailer with a diverse range of popular brand name products. This overall outlook positions the company favorably for long-term growth and success in the competitive retail industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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