$DKS (+0.37%) | Dick's Sporting Goods Q3 Earnings Highlights:
๐น EPS: $2.75 (Est. $2.68) ๐ข; UP +15% YoY
๐น Revenue: $3.06B (Est. $3.03B) ๐ข; UP +0.5% YoY
๐น Comparable Sales: +4.2% (Est. +2.7%) ๐ข
๐น Gross Margin: 35.8% (Est. 35.2%) ๐ข; UP +60 bps YoY
๐น Pre-Tax Margin: 9.7% (Est. 9.6%) ๐ข; UP +89 bps YoY
FY24 Guidance:
๐น EPS: $13.65-$13.95 (Prev. $13.55-$13.90) ๐ก
๐น Revenue: $13.2B-$13.3B (Est. $13.28B) ๐ก
๐น Comparable Sales: +3.6% to +4.2% (Prev. +2.5% to +3.5%) ๐ข
Strategic Highlights:
๐ธ Back-to-School Season: Strong performance, driving sales growth and market share gains.
๐ธ House of Sport & DICKโS Field House: Continued investment to redefine sports retail, enhancing athlete engagement and supporting long-term growth.
๐ธ Omni-Channel Experience: Leveraging strong product assortment and service quality for the holiday season.
Shareholder Returns:
๐น Share Repurchases: $170M YTD
๐น Dividends Paid: $273M YTD
๐น Dividend Yield: 2.7%
CEO Lauren Hobart's Commentary:
๐ธ "We are proud of our Q3 results, which reflect strong execution across our strategic pillars. The back-to-school season was excellent, and our updated outlook underscores confidence in our continued momentum."