Posted on 03/13/2018 6:54:52 AM PDT by Obadiah
Dick's Sporting Goods on Tuesday reported fourth-quarter earnings that slightly topped analysts' estimates, but revenue and same-store sales fell short.
Its shares were down 4.7 percent in premarket trading following the announcement.
Net income totaled $116 million, or $1.11 a share, for the quarter ended Feb. 3, compared with $90.2 million, or 81 cents per share, a year ago.
Excluding one-time items, the company earned $1.22 a share, 2 cents above analysts' estimates in a Thomson Reuters survey.
Revenue was $2.66 billion, below analysts' expectations for $2.74 billion in sales.
(Excerpt) Read more at cnbc.com ...
Dick’s owns Golf Galaxy and the assets of the recently defunct Golfsmith. I have both Dick’s and Golf Galaxy within 10 miles of my house. The people who staff Dick’s golf department are mostly dick-fors. The guys at the Golf Galaxy are nice but the store is mostly deserted and the used club inventory is almost nil because Dick’s instituted a policy of giving the traded in clubs to 3Balls, an internet seller, instead of putting them out on the use racks at the stores. For some years my bag consisted of used sticks I got cheap at Golf Galaxy and Golfsmith but now its all used internet gear (except for putter and sand wedge).
I think the guy that owns Dick's, or some other "sporting goods" stores, bought Gander. He made waves a year or two ago stopping the sales of many firearms and calling for gun restrictions.
“Naw, that’s what REI is for.”
...yep. I stand corrected.
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