Dick's Sporting Goods (DKS) reported earnings on Thur 5/19/16 (b/o)

** charts before earnings **

 

** charts after earnings **

 

The following day:

Dick's Sporting Goods beats by $0.01, reports revs in-line; guides Q2 below consensus; lowers FY17 guidance below consensus :

• Reports Q1 (Apr) earnings of $0.50 per share, $0.01 better than the Capital IQ Consensus of $0.49; revenues rose 6.1% year/year to $1.66 bln vs the $1.66 bln Capital IQ Consensus.
• Comps +0.5% vs. +0-1% guidance and +1% last year; same store sales for DICK'S Sporting Goods increased 0.4%, while Golf Galaxy increased 1.7%. First quarter 2015 consolidated same store sales increased 1.0%
• Co issues downside guidance for Q2, sees EPS of $0.62-0.72 vs. $0.78 Capital IQ Consensus; comps down 1-4% vs. ests near +0.4%
• Co issues downside guidance for FY17, sees EPS of $2.60-2.90 vs. $2.96 Capital IQ Consensus; comps -1% to +1% from +0-2%. The Company's consolidated earnings per diluted share guidance contemplates expected liquidation activity in the market. It also includes the expectation of ~$100 to 200 million of share repurchases in 2016. 
• "Given the expected near-term liquidation activity in the market, we have adjusted our guidance to contemplate this dynamic. Over the longer term, we remain confident in our ability to aggressively capture displaced market share and to strengthen our leadership position."