DICK'S Sporting Goods Q3 revenue beats expectations on higher comp sales
Overview
DICK'S Q3 revenue beats analyst expectations, adjusted EPS misses estimates
Company raises FY 2025 guidance for comp sales growth and EPS for DICK'S Business
Completed acquisition of Foot Locker to become a global leader in sports retail
Outlook
Company raises FY 2025 comp sales growth guidance to 3.5%-4.0%
DICK'S raises FY 2025 EPS guidance to $14.25-$14.55
Company expects Q4 2025 Foot Locker gross margin to decline 1,000-1,500 bps
Result Drivers
COMP SALES GROWTH - DICK'S Business comps grew 5.7% driven by increases in average ticket and transactions
INVENTORY OPTIMIZATION - Strategic actions to optimize Foot Locker's inventory and close underperforming stores
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Beat | $4.17 bln | $3.18 bln (20 Analysts) |
Q3 Adjusted EPS | Miss | $2.07 | $2.76 (21 Analysts) |
Q3 EPS |
| $0.86 |
|
Q3 Net Income |
| $75 mln |
|
Q3 Comparable Sales Growth |
| 5.70% |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 14 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy"
Wall Street's median 12-month price target for DICK'S Sporting Goods Inc is $245.50, about 16% above its November 24 closing price of $206.31
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 14 three months ago
Press Release: ID:nPn5NvZyta
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