Key Takeaways
- Dick’s Sporting Goods gave a weak outlook Tuesday as it says it faced a “dynamic macroeconomic environment.”
- The sporting goods retailer raised concerns about the impact of tariffs on consumer spending.
- Dick’s posted better-than-expected fourth-quarter results as same-store sales rose.
Dick’s Sporting Goods (DKS) shares lost ground Tuesday when the athletic equipment retailer posted full-year projections mostly below forecasts as it dealt with a “dynamic macroeconomic environment.”
The company sees fiscal 2025 earnings per share (EPS) of $13.80 to $14.40, and revenue of $13.6 billion to $13.9 billion. Analysts surveyed by Visible Alpha were looking for $14.82 and $13.89 billion, respectively. In addition, the midpoint of Dick’s outlook of a 1% to 3% rise in comparable store sales also missed estimates.Â
Executive Chairman Ed Stack said in a CNBC interview that there’s “just a bit of an uncertain world out there right now.” Stack added that “if tariffs are put in place and prices rise the way that they might, what’s going to happen with the consumer?”
Dick’s Q4 Results Top Estimates
The forecast offset the retailer’s strong fourth-quarter results. Dick’s reported EPS of $3.62 and revenue of $3.89 billion. Both were better than expected.Â
Comparable store sales jumped 6.4%, and CEO Lauren Hobart explained that gave Dick’s “the largest sales quarter in company history.”
Despite today’s roughly 3.5% decline, shares of Dick’s Sporting Goods are up about 13% year-over-year.
TradingView