Dick’s Sporting Goods Inc. DKS, +6.96% reported fourth-quarter net income of $219.6 million, or $2.21 per share, up from $69.8 million, or 81 cents per share, last year. Adjusted EPS of $2.43 was ahead of the FactSet consensus for $2.30. Sales of $3.13 billion were up from $2.61 billion last year and also ahead of the FactSet consensus for $3.07 billion. Same-store sales jumped 19.3%, ahead of the FactSet consensus for 17.1% growth. And e-commerce sales were up 57% accounting for about 32% of total sales for the quarter. For 2021, Dick’s is guiding for sales of $9.544 billion to $9.935 billion, consolidated same-store sales from a loss of 2% to a 2% increase, EPS of $3.81 to $4.55, and adjusted EPS of $4.40 to $5.20. The FactSet consensus is for sales of $9.529 billion, same-store sales growth of 1.8%, and EPS of $5.15. Dick’s announced that it will raise its quarterly dividend by 16% to $0.3625 per share payable on March 26, 2021 to shareholders of record at the end of business on March 19, 2021. Dick’s stock slumped 8.7% in Tuesday premarket trading, but has more than doubled, up 122.4% over the past year. The S&P 500 index SPX, +1.09% is up 39.1% for the last 12 months.
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