dick's sporting goods q4 earnings report

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

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Written on Mar 14, 2024
Reading time 2 minutes
  • Dick's Sporting Goods reported financial results for Q4 today.
  • Here's what its CEO Lauren Hobart said in a press release on Thursday.
  • $DKS is now up more than 40% versus the start of this year.

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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

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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:

We will accelerate our investment in our growth strategies to drive our business forward and continue gaining market share in a fragmented $140-billion-dollar industry.

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

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  • 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:

Our growth opportunities are significant, and we continue to prioritize investments in our future to fuel long-term omnichannel growth.

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