earnings
confidence high
sentiment positive
materiality 0.75
DICK'S Sporting Q1 net sales $3.02B (+6.2% YoY), EPS $3.30, raises FY2024 outlook
DICK'S SPORTING GOODS, INC.
2024-Q1 EPS reported
$3.30
revenue$3,018,383,000
- Comparable sales grew 5.3% driven by higher transactions and average ticket.
- EBT margin of 11.3%; net income $275M, diluted EPS $3.30 vs $3.40 prior year.
- Raised FY2024 EPS guidance to $13.35-$13.75 (from $12.85-$13.25) and comp sales growth to 2.0%-3.0%.
- Quarterly dividend increased 10% to $1.10/share, payable June 28, 2024 to holders of record June 14.
- Share repurchases of $114M in Q1; $665.9M remaining under authorization.