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News Watch
- 11/19/2009 8:08:16 AM
By Chip Brian, SmarTrend Analytics Team
11/19/2009-Dick's Sporting Goods (NYSE:DKS) reported Q3 EPS of $0.16, topping consensus estimates of $0.09.
Revenues in the quarter rose 7.1% to $989.8 million, and came in ahead of consensus estimates of $961.5 million.
Dick's said consolidated same store sales increased 1.9%.
Dick's sees Q4 EPS of $0.41 - $0.46 (vs. consensus estimates of $0.57). Comparable store sales are expected to decrease approximately 6 to 4% compared to an 8.6% decrease in the fourth quarter last year.
The company boosted its full-year 2009 EPS guidance to $1.04 to $1.09 (vs. consensus estimates of $1.13) up from its previously issued guidance of $1.02 to $1.07. Comparable store sales are currently expected to decrease approximately 4 to 3% compared to a 4.8% decrease in 2008.
Edward W. Stack, Chairman and CEO said, "Our estimates also recognize the continued uncertain consumer environment, particularly as we head into our largest quarter of the year."
Contact Chip Brian
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