DICK'S Sporting Goods Q3 Profit Beats Estimates - Quick Facts

(RTTNews) - DICK'S Sporting Goods, Inc. (DKS), a U.S. based full-line sporting goods retailer, reported third-quarter consolidated net income of $50.0 million, or $0.40 per share, compared to $50.1 million, or $0.40 per share, last year.

On average, 30 analysts polled by Thomson Reuters expected the company to report profit per share of $0.39 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased 6.7% to $1.40 billion. Adjusted for the shifted calendar, due to the 53rd week in 2012, consolidated same store sales increased 3.3%. Analysts expected revenue of $1.37 billion for the quarter.

The company currently anticipates reporting consolidated earnings per share of approximately $1.04 to 1.07 in the fourth quarter of 2013. Consolidated same store sales adjusted for the shifted calendar, due to the 53rd week in 2012, are currently expected to increase 3% to 4% in the fourth quarter of 2013, or increase 2% to 3% on an unshifted basis. Analysts expect the company to report fourth-quarter profit per share of $1.06.

The company currently anticipates fiscal 2013 consolidated non-GAAP earnings per share of approximately $2.62 to 2.65, excluding an asset impairment charge and the partial recovery of a previously impaired asset. Consolidated same store sales are currently expected to be approximately flat to an increase of 1% on a 52-week to 52-week comparative basis. Analysts expect the company to report fiscal 2013 profit per share of $2.64.