Dick's Sporting Q4'13 same store sales climb nearly 7%

11 Feb '14

3 min read

For the 53 weeks ended February 2, 2013, the Company reported consolidated non-GAAP earnings per diluted share of $2.53, excluding an impairment charge. The 53rd week in fiscal 2012 contributed approximately $0.03 to earnings per diluted share.

Consolidated same store sales on a 52-week to 52-week comparative basis increased approximately 1.9%, compared to guidance of approximately flat to an increase of 1% provided on November 19, 2013, and to a 4.3% increase in fiscal 2012.

Current 2014 Outlook

The Company's current outlook for 2014 is based on current expectations and includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as described later in this release.

Although the Company believes that the expectations and other comments reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations or comments will prove to be correct.

Based on an estimated 124 million diluted shares outstanding, the Company currently anticipates reporting consolidated earnings per diluted share of approximately $3.03 to 3.08 for fiscal 2014.

In accordance with standard practice, greater detail on the Company's fourth quarter and full year 2013 results along with 2014 expectations will be provided in the fourth quarter 2013 earnings announcement expected in March 2014.

DICK'S Sporting Goods

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