Dick’s Sporting Goods Inc. in a regulatory filing Thursday raised its guidance for the full year and provided fourth-quarter earnings guidance that was well above Wall Street’s consensus target.
In the filing, Dick’s said it raised its full-year 2021 earnings per diluted share guidance to $13.70 to 13.79 compared to prior guidance of $12.88 to 13.06. The retailer also raised its full-year non-GAAP earnings per diluted share guidance to $15.50 to 15.60 compared to prior guidance of $14.60 to 14.80 and lifted its full-year consolidated same-store sales guidance and now expects consolidated same-store sales to increase between 25.8 percent to 26.1 percent, compared to the previous guidance of between 24 percent to 25 percent.
Fourth Quarter 2021 Outlook
DKS said it expects its fourth-quarter 2021 earnings per diluted share will be $3.00 to 3.09. It also expects its fourth-quarter non-GAAP earnings per diluted share will be $3.45 to 3.55. Wall Street’s consensus estimate had been $2.90.
The company said it anticipates that its fourth-quarter 2021 consolidated same-store sales would increase between 3.7 percent to 4.7 percent.
Photo Dick’s Sporting Goods
