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Dick’s Sporting Goods Warns of Macroeconomic Issues, Gives Soft Outlook
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Key Points
- Dick’s sporting goods were underperforming on Tuesday as it said it faced a “dynamic macroeconomic environment.”
- Sports goods retailers raised concerns about the impact of tariffs on consumer spending.
- Dick’s sales rose when Dick released a better-than-expected fourth-quarter results.
Dick’s Sports Goods (DKS) Stocks failed Tuesday when sports equipment retailers released mostly below their full-year forecasts.
The company sees fiscal 2025 Earnings per share (EPS) $13.80 to $14.40, with revenues ranging from $13.6 billion to $13.9 billion. Visible Alpha survey analysts looked for $14.82 and $13.89 billion, respectively. Additionally, the midpoint of the Dick prospect is 1% to 3% Comparable store sales I missed the estimate.
Executive Chairman Ed Stack at CNBC The interview said, “There is only one uncertain world now.” Stack added: “What happens to consumers if tariffs are reached and they rise in the way they can?”
Dick’s highest estimate of fourth quarter results
The forecast offset retailers’ fourth-quarter results. Dick reported earnings per share of $3.62 and revenue of $3.89 billion. Both are better than expected.
Comparable store sales rose 6.4%, explained CEO Lauren Hobart, which made Dick’s “largest sales quarter in company history.”
Despite a decline of about 3.5% today, Dick Sporting Goods stock rose about 13% year-on-year.
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