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Article Date: May 2017
Word Count: 934

Dick’s Lowers Outlook on More Competitive Market in Short Term

Citing the pending GOB sales of Gander Mountain and a thinly veiled reference to Under Armour’s opening of Kohl’s, Dick’s lowered its comp sales guidance for the FY to a 1-3% increase from earlier guidance of a 2-3% increase as it reported net income of $58,195,000, up 3% from $56,877,000 for the 13 weeks ended Apr. 29 on a 10% increase in revenue to $1,825,252,000 from $1,660,343,000. While the results were broadly in line with guidance, the Street had been hoping for a pickup as Dick’s anniversaries the Sports Atrocity closings. It pummeled the stock, pushing it down 13% in ... Log in to view full article.


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