Dick's Sporting Goods Continues to Shine
Another quarter and another solid report from Dick's Sporting Goods (DKS). DKS has to be one of the best run retailers in the world. They continually take market share in a fragmented sporting goods market that has mainly weak competitors. This trend should continue for years.
For Q4, DKS reported earnings of $0.76 after forecasting roughly $0.70 on the Q3 report. They achieve this growth mostly by seeing 9% comp sales growth gained mostly from an 8.6% increase at Dick's Sporting Goods stores and a whopping 36% increase in e-commerce. As they continue to gain market share, its possible that the e-commerce site becomes the go to destination with a preference for in store returns to a superior retailer.
See the rest of the story at Seeking Alpha.
Disclosure: Long DKS. Please review disclaimer page.
For Q4, DKS reported earnings of $0.76 after forecasting roughly $0.70 on the Q3 report. They achieve this growth mostly by seeing 9% comp sales growth gained mostly from an 8.6% increase at Dick's Sporting Goods stores and a whopping 36% increase in e-commerce. As they continue to gain market share, its possible that the e-commerce site becomes the go to destination with a preference for in store returns to a superior retailer.
See the rest of the story at Seeking Alpha.
Disclosure: Long DKS. Please review disclaimer page.
Comments