DKS, CAB: Cold Weather Helps Sporting Good Stocks

Dick's Sporting Goods' 4Q same-store sales rose 7%

   

DKS, CAB: Cold Weather Helps Sporting Good Stocks

Dick’s Sporting Goods (DKS) and Cabela’s (CAB) are among the sporting goods stocks enjoying the cold weather this winter.

dicks DKS, CAB: Cold Weather Helps Sporting Good Stocks

Dick’s Sporting Goods (NYSE: DKS)

DKS stock is up close to 3% Monday following the company’s announcement that fourth-quarter same-store sales rose about 7%. Dick’s Sporting Goods estimates fourth-quarter earnings of $1.10-$1.11 per share which is above the $1.06 per share that analysts estimated.

The store’s winter success comes in a time of limited consumer spending that’s caused several retailers to post weak sales in the quarter. This boost comes following the post-holiday dry season that saw DKS stock down 12% YTD before today’s report.

Cabela’s has also had a good winter with CAB stock up 2.26% Monday.

 


Article printed from InvestorPlace Media, http://investorplace.com/2014/02/dks-cab-dicks-sporting-goods/.

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