Dick’s Sporting Goods reported earnings per share of $1.13 for the fourth quarter of 2015. This is down from the $1.30 that it reported during the same time last year. It also didn’t match up to the $1.15 that analysts were expecting.
Dick’s Sporting Goods’ revenue for Q4 2015 was $2.2 billion. Revenue for the fourth quarter of 2014 was $2.1 billion. Wall Street was expecting the company to report revenue closer to $2.3 billion during the quarter.
Dick’s Sporting Goods also released its outlook for the first quarter of 2016 in its earnings report. It includes EPS ranging from 48 cents to 50 cents. This is down from the 53 cents reported last year and doesn’t meet the 54 cents that analysts are expecting.
Dick’s Sporting Goods CEO Ed Stack told The Denver Post that his company will be “very aggressive” when it come to taking market share from The Sports Authority Inc, which has filed for Chapter 11 bankruptcy protection. It’s also considering taking over some leases from the chain’s closed stores.
DKS shares were up 1% as of Noon Tuesday.
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