Image Source: Dicks Sporting Goods Inc – IR Presentation
By Callum Turcan
Dick’s Sporting Goods Inc (DKS) reported second quarter earnings for FY2019 (period ended August 3) that beat both consensus top and bottom line estimates. Same store sales growth of 3.2% year-over-year handily surpassed consensus expectations for just 0.9% year-over-year growth. Now the sports goods retailer is expecting to generate adjusted (non-GAAP) EPS of $3.30 - $3.45 in FY2019 versus previous guidance calling for $3.20 - $3.40 (please note that Dick’s also increased guidance back during its first quarter FY2019 earnings report).