Executive Summary

• DICK’S reported fiscal 2Q19 EPS of $1.20, up 24.4% from adjusted EPS of $0.96 a year ago and beating the $1.04 consensus estimate. Revenues were $2.18 billion, up 1.0% year over year but below the $2.24 billion consensus estimate
• .Comps declined by 4.0%, adjusted for the calendar shift, missing the consensus estimate of a 0.7% decline. E-commerce sales grew by 12%.
• The company raised its annual EPS guidance to $3.02–$3.20 from $2.92–$3.12 previously, compared to consensus estimate of $3.08, as well as reaffirmed comp guidance of flat to a low single-digit decline versus consensus of (0.7) %.