Market Report -- In Play (DKS)

November 19, 2009 7:35 AM ET

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Stocks mentioned in this article: Dick's Sporting Goods Inc (DKS) Stock Quote, Chart, News, Add to Watchlist
Related topics: Movers

Dick's Sporting Goods beats by $0.07, beats on revs; guides Q4 EPS below consensus Reports Q3 (Oct) earnings of $0.16 per share, excluding non-recurring items, $0.07 better than the First Call consensus of $0.09; revenues rose 7.1% year/year to $989.8 mln vs the $961.5 mln consensus. Co issues downside guidance for Q4, sees EPS of $0.41-0.46 vs. $0.57 consensus. Q4 comparable store sales are expected to decrease approximately 6 to 4% vs the -1.2% consensus, compared to an 8.6% decrease in the fourth quarter last year. Q3 consolidated same store sales increased 1.9% vs the -2.3% consensus, better than previous estimate of a 6 to 4% decline. The 1.9% consolidated same store sales increase consisted of a 2.2% increase in Dick's Sporting Goods stores and a 1.5% decline in Golf Galaxy stores. "Looking to the fourth quarter, our estimates take into consideration the shift of cold weather product sales from the fourth quarter into the third quarter, planned increased advertising spend and the anniversary of higher levels of guns and ammo sales. Our estimates also recognize the continued uncertain consumer environment, particularly as we head into our largest quarter of the year."

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