The now retailer says it expects earnings of $1.10 to $1.11 a share. Capital IQ Consensus Estimate calls for $1.06 a share for the quarter. Consolidated same store sales, adjusted for a shifted calendar due to a 53rd week in fiscal 2013, increased by about 7% in the quarter, or 6% on an unshifted basis. The company's guidance from Nov. 19 expected same store sales to increase 3% to $5, or 2% to 3% on an unshifted basis.
Dick's Sporting Goods also issued a downside guidance for full year 2015 that's sees earnings of between $3.03 and $3.08 a share, compared to analyst estimates of $3.09.
"Even with the cautious consumer environment and a shorter and promotional holiday season, we generated sales well above our original expectations, maintained merchandise margin levels consistent with last year and leveraged SG&A," chairman and CEO Edward W. Stack said in a press release.
TheStreet Ratings team rates DICKS SPORTING GOODS INC as a "buy" with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate DICKS SPORTING GOODS INC (DKS) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."