News Flash

Dick's Sporting Goods exceeds earnings expectations

19 May '11

4 min read

• Consolidated same store sales are currently expected to increase approximately 3.0% compared to a 7.4% increase last year.

• The Company currently expects to open approximately 34 new Dick's Sporting Goods stores, remodel 14 Dick's Sporting Goods stores, open approximately three Golf Galaxy stores and relocate one Golf Galaxy store in 2011.

Second Quarter 2011

• Based on an estimated 126 million diluted shares outstanding, the Company currently anticipates reporting consolidated earnings per diluted share of approximately $0.47 - 0.49 in the second quarter of 2011. In the second quarter of 2010, the Company reported consolidated earnings per diluted share of $0.43.

• Consolidated same store sales are currently expected to increase approximately 3.0% compared to a 5.7% increase in the second quarter last year.

• The Company expects to open approximately eight new Dick's Sporting Goods stores and relocate one Golf Galaxy store in the second quarter of 2011.

• Capital Expenditures

• In 2011, the Company anticipates capital expenditures to be approximately $252 million on a gross basis and approximately $197 million on a net basis.

Dick's Sporting Goods Inc

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