= Dick's Sporting Goods (DKS) reported earnings on Wed 28 Nov 18 (b/o)

• Nov 28: #15

 Dick's Sporting Goods beats by $0.05, misses on revs; adjusted Q4 comps -3.9%; raises FY19 EPS guidance; reaffirms FY19 comp guidance

• Reports Q3 (Oct) earnings of $0.30 per share, excluding non-recurring items, $0.05 better than the S&P Capital IQ Consensus of $0.25; revenues fell 4.5% year/year to $1.86 bln vs the $1.88 bln S&P Capital IQ Consensus. "Adjusted for the calendar shift due to the 53rd week in 2017, which we believe is the best view of the business, consolidated same store sales decreased 3.9% on a 13-week to 13-week comparable basis. Based on an unshifted calendar, consolidated same store sales for the third quarter decreased 6.1%. Third quarter 2017 consolidated same store sales decreased 0.9%."
• Co issues upside guidance for FY19, sees EPS of $3.15-3.25 vs. $3.13 S&P Capital IQ Consensus.
• Reaffirmed Comp Guidance: Consolidated same store sales are currently expected to decline 3% to 4% on a 52-week to 52-week comparative basis, compared to a decline of 0.3% in 2017. Net capital expenditures are now expected to be approximately $165 million. In 2017, net capital expenditures were $373 million.