the republic logo

Dick's Sporting Goods matches 1Q profit expectations, but a key sales measure falls short


NEW YORK — Dick's Sporting Goods Inc. reported positive first-quarter financial results on Tuesday, but a key sales measure fell short of expectations, sending the sporting-goods company's shares lower.

The stock fell $1.29, or 2.3 percent, to $56.29 in premarket trading.

The Coraopolis, Pennsylvania-based company said it had net income of $63.3 million, or 53 cents per share, on revenue of $1.57 billion.

The average estimate of 14 analysts surveyed by Zacks Investment Research was also for earnings of 53 cents per share, while 12 analysts surveyed by Zacks expected $1.56 billion in revenue.

The company reported a 1 percent boost in same-store sales, which is a key measure of a retailer's health. Analysts polled by Factset expected a 1.5 percent boost in same-store sales.

Looking ahead, the company expects second-quarter profit between 73 cents and 76 cents per share and full-year profit of $3.12 to $3.20 per share. Analysts polled by Factset expect second-quarter profit of 76 cents per share and full-year profit of $3.19 per share.

Dick's shares have risen 13 percent since the beginning of the year. The stock has increased 9 percent in the last 12 months.


Elements of this story were generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on DKS at


Keywords: Dick's Sporting Goods, Earnings Report

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to and it will be forwarded to the appropriate editor or reporter.

We also have more stories about:
(click the phrases to see a list)


Follow The Republic:

All content copyright ©2015 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.