Dick's Sporting Goods beats by $0.02, reports revs in-line; guides Q3 EPS in-line; guides FY16 EPS in-line, reaffirms comps
- Reports Q2 (Jul) earnings of $0.77 per share, $0.02 better than the Capital IQ Consensus of $0.75; revenues rose 7.9% year/year to $1.82 bln vs the $1.83 bln consensus.
- Consolidated same store sales increased 1.2%, compared to the co's guidance of ~flat to an increase of 2%. Same store sales for DICK'S Sporting Goods increased 1.5%, against a strong base that included the World Cup. Golf Galaxy decreased 2.9%, representing sequential progress.
- Co issues in-line guidance for Q3, sees EPS of $0.45-0.48 vs. $0.46 Capital IQ Consensus; comps +1-3%
- Co issues in-line guidance for FY16, raises EPS $0.01 to $3.13-3.21 vs. $3.17 Capital IQ Consensus; reaffirms comps +1-3%.