Dick's Sporting Goods (DKS) reported earnings Tue 17 Nov 2015 (before open)

** charts before earnings **

** charts after earnings **

 Dick's Sporting Goods misses by $0.01, misses on revs, citing warm weather; guides Q4 below consensus (lowers FY16 guidance) :

• Reports Q3 (Oct) earnings of $0.45 per share, $0.01 worse than the Capital IQ Consensus of $0.46 vs. $0.45-0.48 guidance; revenues rose 7.6% year/year to $1.64 bln vs the $1.66 bln Capital IQ Consensus.
  • Consolidated same store sales increased 0.4% vs. +1 to 3% guidance.
  • Same store sales for DICK'S Sporting Goods increased 0.7%, while Golf Galaxy decreased 2.9%. Third quarter 2014 consolidated same store sales increased 1.1%.
• Co issues downside guidance for Q4, sees EPS of $1.10-1.25 vs. $1.42 Capital IQ Consensus; comps -2% to +1% vs. ests above +1%.
  • Lowers FY16 EPS to $2.85-3.00 from $3.13-3.21; lowers comps to +0-1% from +1-3%.
• "Our positive same store sales for the quarter reflected a strong back-to-school selling season tempered by slowing trends later in the quarter. Strength in athletic footwear, accessories and athletic apparel was moderated by the impact of record warm weather in more seasonal categories."
• "As we look to the fourth quarter, we anticipate a more promotional environment."