Dick's Sporting Goods Q4 earnings: 'our growth opportunities are significant'

Dick’s Sporting Goods Inc (NYSE: DKS) is trading up in premarket on Thursday after reporting solid financial results for its fourth quarter.

Dick's stock up on encouraging guidance

The stock is in the green also because $DKS issued upbeat guidance for the future. The sports goods retailer now forecasts its adjusted per-share earnings to fall between $12.85 and $13.25 on up to $13.13 billion in revenue this year.

Analysts, in comparison, were at $12.90 a share on $13.13 billion, respectively. Lauren Hobart – the chief executive of Dick’s Sporting Goods said in a press release today:

The New York listed firm also raised its quarterly dividend to $1.10 per share on Thursday. Dick’s stock now up more than 40% versus the start of this year.

Dick's Sporting Goods Q4 earnings snapshot

• Earned $296 million versus the year-ago $236 million
• Per-share earnings also increased from $2.60 to $3.57
• Adjusted EPS printed at $3.85 as per the earnings report
• Revenue climbed 8.0% YoY to a record $3.88 billion
• Consensus was $3.35 a share on $3.80 billion in revenue

Dick’s Sporting Goods reported EBT margin at % for the fourth quarter as comparable sales popped 2.8% versus last year. According to executive chairman Ed Stack: