Before the opening bell on Tuesday, Dicks Sporting Goods (DKS ) reported higher results for its fourth quarter, which came in above analysts’ estimates.
DKS's Earnings in Brief
- DKS posted earnings of $155.5 million, or $1.30 per share, up from $138.6 million, or $1.11 per share, a year ago. Analysts expected to see lower EPS of $1.22.
- Revenue increased 10.9% to $2.2 billion, above analysts’ view of $2.12 billion.
- Looking ahead, the company expects to see FY2015 EPS between $3.10 and $3.20 per share. Analysts expect to see EPS of $3.20.
The company’s CEO and chairman Edward W. Stack commented: “We are very pleased with the record results we delivered in the fourth quarter. The 17% increase in earnings per diluted share was driven by the continued growth of our omni-channel network, our powerful marketing and merchandising strategies, and the execution of these strategies by our store associates.”
DKS will pay its next 13.75 cent dividend on March 31. The stock is going ex-dividend on March 11.
Shares of DKS were up $1.73, or 3.12% during premarket trading Tuesday. The stock is up 11.62% YTD.