DKS, CAB: Cold Weather Helps Sporting Good Stocks

by Karl Utermohlen | February 10, 2014 1:46 pm

DKS, CAB: Cold Weather Helps Sporting Good Stocks

Dick’s Sporting Goods (DKS[1]) and Cabela’s (CAB[2]) are among the sporting goods stocks enjoying the cold weather this winter.

dicks DKS, CAB: Cold Weather Helps Sporting Good Stocks[3]

Dick’s Sporting Goods (NYSE: DKS)

DKS stock is up close to 3% Monday following the company’s announcement[4] 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.

 

Endnotes:
  1. DKS: http://studio-5.financialcontent.com/investplace/quote?Symbol=DKS
  2. CAB: http://studio-5.financialcontent.com/investplace/quote?Symbol=CAB
  3. [Image]: http://investorplace.com/wp-content/uploads/2011/03/dicks.jpg
  4. announcement: http://in.reuters.com/article/2014/02/10/dicks-results-idINL3N0LF48S20140210

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