Latest news with #Dick's
Yahoo
2 days ago
- Business
- Yahoo
Sportsman's Warehouse (SPWH) Reports Q1: Everything You Need To Know Ahead Of Earnings
Outdoor specialty retailer Sportsman's Warehouse (NASDAQ:SPWH) will be reporting earnings tomorrow after market hours. Here's what investors should know. Sportsman's Warehouse beat analysts' revenue expectations by 3.6% last quarter, reporting revenues of $340.4 million, down 8.1% year on year. It was a stunning quarter for the company, with a solid beat of analysts' EPS estimates and an impressive beat of analysts' EBITDA estimates. Is Sportsman's Warehouse a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Sportsman's Warehouse's revenue to decline 2.5% year on year to $238.2 million, improving from the 8.7% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.47 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Sportsman's Warehouse has missed Wall Street's revenue estimates three times over the last two years. Looking at Sportsman's Warehouse's peers in the specialty retail segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Dick's delivered year-on-year revenue growth of 5.2%, beating analysts' expectations by 0.7%, and Ulta reported revenues up 4.5%, topping estimates by 1.9%. Dick's traded up 4.1% following the results while Ulta was also up 11.7%. Read our full analysis of Dick's results here and Ulta's results here. There has been positive sentiment among investors in the specialty retail segment, with share prices up 9.8% on average over the last month. Sportsman's Warehouse is up 17.8% during the same time and is heading into earnings with an average analyst price target of $2.90 (compared to the current share price of $1.99). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Fibre2Fashion
5 days ago
- Business
- Fibre2Fashion
US' Dick's Sporting maintains strong FY25 outlook, Q1 sales up 5.2%
American retail chain Dick's Sporting Goods has projected diluted earnings per share (EPS) between $13.8 and $14.4 in in full fiscal 2025 (FY25). The net sales are expected to range from $13.6 billion to $13.9 billion, with comparable sales anticipated to grow by 1-3 per cent. The capital expenditures (capex) of the company are projected at approximately $1.2 billion gross and $1 billion net. In terms of store activity, the company began FY25 with 885 stores and expects to end the year with the same count, following the opening of four stores and closure of four. Total square footage is set to increase slightly from 44.8 million to 45 million. It will operate 722 stores by year-end, maintaining 40.1 million square feet. Dick's Sporting Goods projects FY25 EPS of $13.8â€'$14.4 and net sales of $13.6â€'$13.9 billion, with 1â€'3 per cent comparable sales growth. Q1 FY25 net sales rose 5.2 per cent YoY to $3.18 billion, with 4.5 per cent comparable growth. The company agreed to acquire Foot Locker for $2.4 billion. Executives expressed confidence in continued momentum, reaffirming the FY25 outlook. The guidance includes the impact of current tariffs but excludes costs related to the planned acquisition of Foot Locker. The company announced a definitive agreement to acquire Foot Locker for approximately $2.4 billion in equity value and $2.5 billion in enterprise value. The deal is expected to close in the second half (H2) of 2025, subject to approvals, and will be funded through cash, borrowings, and potential new debt, Dick's said in a press release. Meanwhile, the company in its first quarter (Q1) of FY25 ended May 3, 2025, reported net sales of $3,175 million, up 5.2 per cent year-over-year (YoY). The comparable sales rose 4.5 per cent YoY, and the income before income taxes as a percentage of net sales declined slightly to 11 per cent from 11.3 per cent, while on a non-GAAP basis, it improved to 11.4 per cent. The effective tax rate increased to 24 per cent from 19.6 per cent. The net income declined 4 per cent to $264 million, while non-GAAP net income held steady at $275 million. Diluted EPS were $3.24, down from $3.30 YoY. 'As you see in our first quarter results, we are proud of the strong position we are in today and incredibly excited about the future. Earlier this month, we announced our plans to acquire Foot Locker, a move that represents a truly exciting and transformational moment for Dick's. For many years we have admired Foot Locker's brand and the powerful community they've built in sneaker culture. By bringing our two great brands together, we see the opportunity to create a global leader in the sports retail industry by serving a broader set of athletes,' said Ed Stack, executive chairman at Dick's. 'We are very pleased with our first quarter results. Our performance demonstrates the momentum and strength of our long-term strategies and the consistency of our execution. Our Q1 comps increased 4.5 per cent driven by growth in both average ticket and in transactions and this was our fifth straight quarter with comps over 4 per cent,' Lauren Hobart, president and chief executive officer (CEO) at Dick's . 'Our first quarter gross margin expanded, and we delivered non-GAAP EPS ahead of the prior year. We are reaffirming our 2025 outlook, which reflects our strong start to the year and confidence in our strategies and operational strength while still acknowledging the dynamic macroeconomic environment.' Fibre2Fashion News Desk (SG)
Yahoo
6 days ago
- Business
- Yahoo
Dick's CEO Lauren Hobart Says Nike Is a ‘Very Important' Strategic Partner Following Q1 Results
As Dick's Sporting Goods wraps up a strong first quarter, analysts are eager to hear more about the retailer's position on Nike Inc. as the company brings Foot Locker into the fold later this year. According to Randal Konik, equity analyst at Jefferies, Nike stands to benefit from Dick's momentum, as the Swoosh focuses even more on its wholesale distribution. More from WWD 'Ensuring a Safe and Secure Shopping Environment Is Key for Retailers,' NRF Says Jalen Brunson Will Get His First Nike Kobe Sneaker Release Later This Year The Best Nike Sneakers Releasing in June 'Dick's management emphasized that its relationship with Nike remains 'strategic,' expressing continued satisfaction with the partnership,' Konik wrote in a research note on Wednesday. 'This signals frequent collaboration and alignment between the two companies, reinforcing Nike's importance within Dick's merchandising strategy.' Konik added that the sporting goods retailer 'remains bullish' on Nike's innovation pipeline, particularly in running and lifestyle categories. Dick's cited strength in Nike's running pipeline, where the Pegasus Premium and Vomero 18 sneaker styles have been selling out online. This momentum supports Nike's product-led recovery strategy, the analyst wrote. This echoes the sentiment shared by Dick's Sporting Goods president and chief executive officer Lauren Hobart, who affirmed on Wednesday's first-quarter earnings call with analysts that Nike is 'a very important' strategic partner for the company. 'Nike continues to perform really, really well for us,' Hobart said. 'As we look to the future, we've heard about some distribution changes. [But] one thing that you can say about Nike time in, and time out, is that they are very good at segmenting their products. So, we expect minimal overlap with some of the new distribution. There's a lot of great stuff going on.' Looking ahead, footwear remains a 'very strong business' for Dick's Sporting Goods, according to its CEO. Konik added that this is a 'positive signal 'for Nike, which is a key brand in Dick's footwear assortment. Moreover, a better-run Foot Locker under Dick's leadership would be a net benefit for Nike by reinforcing its distribution strategy and solidifying its position in athletic retail, Konik said in a note following the announcement earlier this month that Dick's would scoop up Foot Locker in a $2.4 billion deal. Konik said earlier this month that as Nike CEO Elliott Hill strengthens an already robust relationship with Dick's, the consolidation of the two retailers 'could enhance Nike's retail presence and brand consistency.' He noted that Nike leads footwear sales at Dick's, a key growth category that accounts for 28 percent of the sporting goods retailer's business, while the Swoosh represents half of Foot Locker's sales, 'underscoring the strategic importance of both channels to Nike's wholesale strategy.' This comes as Dick's Sporting Goods saw net sales increase 5.2 percent to $3.18 billion in the first quarter of 2025, up from $3.02 billion in the same year-ago period. Net income in the quarter ended May 3 was down 4 percent to $264 million, or $3.24 per diluted share, compared with $275 million, or $3.30 per diluted share, a year earlier. Excluding one-time items related to its acquisition of Foot Locker, Dick's posted earnings per share of $3.37. Looking ahead, the company expects net sales for the full fiscal year 2025 to be between $13.6 billion and $13.9 billion, with earnings per diluted share in the range of $13.80 to $14.40. For now, Dick's outlook doesn't include acquisition-related costs or results from the Foot Locker merger, but does take into account any current tariff-related expenses. Best of WWD All the Retailers That Nike Left and Then Went Back Mikey Madison's Elegant Red Carpet Shoe Style [PHOTOS] Julia Fox's Sleekest and Boldest Shoe Looks Over the Years [Photos] Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Dick's Sporting Goods Delivers Record Q1 Sales, Maintains Full-year Guidance
Fresh off the news that it is set to acquire Foot Locker in a $2.4 billion deal, Dick's Sporting Goods said that it delivered record first-quarter sales. The Pittsburgh-based athletic retailer saw net sales increase 5.2 percent to $3.18 billion, up from $3.02 billion the same time last year. Net income in the quarter was $264 million, or $3.24 per diluted share, compared with $275 million, or $3.30 per diluted share, a year earlier. Excluding one-time items related to its acquisition of Foot Locker, Dick's posted earnings per share of $3.37. More from WWD 'Ensuring a Safe and Secure Shopping Environment Is Key for Retailers,' NRF Says Dick's CEO Lauren Hobart Says Nike Is a 'Very Important' Strategic Partner Following Q1 Results Shares of Hoka, Ugg Parent Company Deckers Brands Sink on Trump Tariff Uncertainty Dick's Sporting Goods president and chief executive officer Lauren Hobart said in a statement that the company's first-quarter performance 'demonstrates the momentum and strength' of its long-term strategies and the consistency of its execution. 'Our Q1 comps increased 4.5 percent, driven by growth in both average ticket and in transactions and this was our fifth straight quarter with comps over 4.0 percent,' Hobart said. 'Our first-quarter gross margin expanded, and we delivered non-GAAP EPS ahead of the prior year.' The CEO added that the company is reaffirming its 2025 outlook, which reflects its 'strong start to the year and confidence' in its strategies and operational strength while still acknowledging the dynamic macroeconomic environment. Looking ahead, the company expects net sales for the full fiscal year 2025 to be between $13.6 billion and $13.9 billion, with earnings per diluted share in the range of $13.80 to $14.40. For now, Dick's outlook doesn't include acquisition-related costs or results from the Foot Locker merger. This comes after the May 15 announcement that Dick's said it would acquire Foot Locker Inc. for about $2.4 billion. The completion of the acquisition is subject to Foot Locker shareholder approval and other customary closing conditions, including regulatory approvals, and is expected to close in the second half of 2025. Dick's Sporting Goods said it intends to finance the acquisition through a combination of cash-on-hand, revolving borrowings and other new debt, to the degree Foot Locker shareholders do not elect to receive their consideration entirely in shares of the company's common stock. The deal is set to dramatically alter the retail landscape — giving Dick's major international presence and huge leverage with big brands like Nike and Adidas. Executive chairman Ed Stack added in a statement on Wednesday that the company is in a 'strong position' as it looks ahead. 'Earlier this month, we announced our plans to acquire Foot Locker, a move that represents a truly exciting and transformational moment for Dick's,' Stack said. 'For many years we've admired Foot Locker's brand and the powerful community they've built in sneaker culture. By bringing our two great brands together, we see the opportunity to create a global leader in the sports retail industry by serving a broader set of athletes.' Best of WWD All the Retailers That Nike Left and Then Went Back Mikey Madison's Elegant Red Carpet Shoe Style [PHOTOS] Julia Fox's Sleekest and Boldest Shoe Looks Over the Years [Photos] Sign in to access your portfolio
Black America Web
6 days ago
- Entertainment
- Black America Web
From Grill To Glam: Black Girl BBQ Essentials You Need This Summer
Source: Courtesy of ASOS / Courtesy of ASOS The connection between Black girls and barbecues runs deeper than just showing up for good food—it's about culture, community, and claiming joy. BBQs have long been a staple of Black family and social life, and for Black girls, they're often a space of freedom and expression. It's where we learn the art of styling outfits that balance heat with style, where we show off freshly done braids, where aunties praise our growth, and cousins keep us laughing. These sacred events hold deep cultural significance for our community, reminding us of our roots, traditions, resourcefulness, and the power of gathering. For many Black girls, these events serve as memory banks filled with soulful music, nostalgic food aromas, fashion, and a sense of belonging. It's not just about being there—it's about being seen, being loved, and being fly while doing it. Black Girl BBQ Essentials Related Stories The essentials for Black girls and BBQ events go beyond the food and partying. They fully express our essence, swag, traditions, and innovative survival tactics that keep us safe and cute simultaneously. Think oversized shades, a laid-back yet fly outfit (maybe something off-the-shoulder or a matching set), sunscreen, a fan, and a cute tumbler full of water to keep us comfortable, hydrated, and glowing. Along with our tasty side dishes that we contribute to the soiree—mac and cheese, baked beans, or a peach cobbler blessed by granny's recipe- we can't forget the crucial elements that help us brave the day-long, fun-filled extravaganza. Jump in below to discover the Black girl barbecue essentials that will ensure you have the best time at your next backyard shindig. Because it's all about showing up as your most comfortable, whole self—stylish, cool , radiant, and ready to laugh, eat, and hold space with your people. From Grill To Glam: Black Girl BBQ Essentials You Need This Summer was originally published on Source:Black Girl Sunscreen We're all about protecting melanin. Before setting up at any barbecue this summer, be sure to rub your brown skin with some sunscreen that not only shields you from the sun but also doesn't leave a white cast. Source:Courtesy of ASOS We are obsessed with texture this season, and a set like this is ideal for slaying a backyard soiree. Pair it with your favorite slides and a cute pair of sunnies, and your BBQ outfit is complete. Source:Courtesy of Amazon BBQs are usually held outside during some of the hottest months of the year. To stay comfortable and cool, consider purchasing a portable misting fan that you can easily access from your stylish bag at any time to combat the heat. Source:Courtesy of Dick's Now you know the seats are usually reserved for the elders at the family BBQ. No worries, though, because a cute outdoor chair like this will not only provide a comfortable spot to sit but also complement your stylish look—a win-win. Source:Courtesy of The Lip Bar What's a BBQ essential list without a popping lippie? It's a must we roll into any BBQ function with a cute lipstick on that can't be denied. Try The Lip Bar's latest red shade to glam up your BBQ look. Source:Courtesy of Amazon It's a must we stay hydrated while at the BBQ, so why not do so while sipping out of a cute tumbler that matches our Black girl essence?! And if you want to add another beverage to your tumbler besides water, that's your business! Source:Courtesy of Amazon To keep your face protected while outside at the BBQ, apply this face sun stick, packed with the essentials you need to protect your face against UV rays. It fits right in your purse and can be re-applied throughout the day. Black America Web Featured Video CLOSE
