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A Post Mortem on Dick's Sporting Goods' Earnings |
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| May 30, 2008 04:36 AM UTC |
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Tracked Blogger
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5/28 - "Last week while I was away on vacation Dicks Sporting Goods (DKS) delivered disappointing results and guidance...I have owned DKS since the company went public and have no plans to sell stock. In fact I might add on weakness." "DKS is suffering a little from the slowing economy but even greater from a cyclical downturn in golfing...Also, the shine is off of Under Armour (UA) which performed quite well in the year ago period. However, I can accept some bumps along the road to what is one of the best long term specialty retail growth stories in the marketplace." "If you don’t have DKS take a hard look because it is now priced at a markdown price and those don’t happen quite often for growth stocks." 
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2 Related Views
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 N/A risk: aggressive |
Poor Sportsmanship at Dick's
5/23 - "First-quarter net income at Dick's fell 4% to $20.8 million, or $0.18 per share. Net sales jumped 11% from last year to $912.1 million, although same-store sales dropped by 3.8%. Unfortunately, comps for its Golf Galaxy concept plunged by 7.4% on a pro forma basis...Dick's said to expect earnings of $1.22 per share to $1.36 per share in 2008 (compared to $1.33 per share in 2007). It als...
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N/A risk: moderate |
Dick's Guidance Suggests Weak 2008, But Growth Story is Intact; Reiterate Buy
5/22 - "The company significantly reduced its previous 2008 guidance. However, given the magnitude of the reduction, we believe the new low end of EPS guidance ($1.22) takes into account all reasonable negative scenarios for the year, and should not need to be lowered going forward."
"In addition to a weak consumer, we believe Dick’s is suffering from the lack of strong trends in the sportin...
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