DICK'S Sporting Goods, Inc. the largest U.S. based full-line omni-channel sporting goods retailer, announced that fourth quarter 2013 consolidated same store sales exceeded expectations. As a result, the Company increased its fourth quarter and full year 2013 expectations. The Company also provided preliminary earnings guidance for fiscal 2014.
DICK'S Sporting Goods, Inc. the largest U.S. based full-line omni-channel sporting goods retailer, announced that fourth quarter 2013 #
Higlights:
-Fourth quarter 2013 shifted consolidated same store sales increased approximately 7%, compared to guidance of a 3 to 4% increase
-Fourth quarter 2013 consolidated earnings per diluted share now expected to be approximately $1.10 to 1.11 compared to previous guidance of $1.04 to 1.07
-Full year 2014 consolidated earnings per diluted share expected to be approximately $3.03 to 3.08
DICK'S Sporting Goods, Inc. the largest U.S. based full-line omni-channel sporting goods retailer, announced that fourth quarter 2013 #
Fourth Quarter 2013 Results
The Company now expects consolidated earnings per diluted share of approximately $1.10 to 1.11 for the fourth quarter of 2013, compared to guidance of $1.04 to 1.07 provided on November 19, 2013. For the fourth quarter of 2012, consolidated earnings per diluted share were $1.03. The 14th week in the fourth quarter of fiscal 2012 contributed approximately $0.03 to earnings per diluted share.
DICK'S Sporting Goods, Inc. the largest U.S. based full-line omni-channel sporting goods retailer, announced that fourth quarter 2013 #
Consolidated same store sales, adjusted for the shifted calendar, due to the 53rd week in fiscal 2012, increased approximately 7%, or approximately 6% on an unshifted basis, in the fourth quarter of 2013. The same store sales results compare to guidance provided on November 19, 2013 for a 3 to 4% increase, or a 2 to 3% increase on an unshifted basis. Consolidated same store sales increased 1.2% in the fourth quarter of 2012.
DICK'S Sporting Goods, Inc. the largest U.S. based full-line omni-channel sporting goods retailer, announced that fourth quarter 2013 #
The improved outlook is due to better than anticipated fourth quarter same store sales and merchandise margin, partially offset by higher incentive compensation. The fourth quarter earnings guidance includes approximately $0.01 per diluted share benefit attributable to share repurchases in the fourth quarter of 2013 totaling $150 million.
DICK'S Sporting Goods, Inc. the largest U.S. based full-line omni-channel sporting goods retailer, announced that fourth quarter 2013 #
"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," said Edward W. Stack, Chairman and Chief Executive Officer.
DICK'S Sporting Goods, Inc. the largest U.S. based full-line omni-channel sporting goods retailer, announced that fourth quarter 2013 #
"We enter 2014 with a robust and growing omni-channel network and exciting merchandising opportunities, which we believe will translate into double-digit earnings growth."
DICK'S Sporting Goods, Inc. the largest U.S. based full-line omni-channel sporting goods retailer, announced that fourth quarter 2013 #
Full Year 2013 Results
The Company now expects consolidated non-GAAP earnings per diluted share of approximately $2.68 to 2.69 for the fiscal year ended February 1, 2014, compared to guidance of $2.62 to 2.65 provided on November 19, 2013.