A sign is displayed in front of a Dick’s sport articles store on September 04, 2024 in Daly City, California.
Justin Sullivan | Getty images
Dick’s Sporting Goods On Wednesday, it is supported by its annual directives, which include the expected impact of all prices currently in force.
The giant of sports items said that he expects the profit per share between $ 13.80 and $ 14.40 during the year 2025 – in accordance with the $ 14.29 that analysts expected, according to LSEG.
It expects revenues to be between $ 13.6 billion and $ 13.9 billion, which also meets expectations of $ 13.9 billion, according to LSEG.
“We reaffirm our prospects for 2025, which reflects our solid beginning of the year and our confidence in our strategies and our operational force while recognizing the dynamic macroeconomic environment,” CEO Lauren Hobart said in a press release. “Our performance demonstrates the momentum and the strength of our long -term strategies and the consistency of our execution.”
Here is how the company operated during its first trimester of exercise compared to what Wall Street provided, on the basis of a survey of LSEG analysts:
- Profit by action: $ 3.37 adjusted. It was not immediately clear if the results were comparable to the estimates.
- Income: $ 3.17 billion against $ 3.13 billion
The company’s declared net profit for the period of three months which ended on May 3 was $ 264 million, or $ 3.24 per share, against $ 275 million, or $ 3.30 per share, a year earlier. Excluding the punctual articles linked to its acquisition of football locker, Dick’s posted a profit per share of $ 3.37.
Sales increased to $ 3.17 billion, up approximately 5% against $ 3.02 billion a year earlier.
For most investors, Dick’s results will not be surprised because he has preliminary some of his figures about two weeks ago when he revealed plans to acquire His longtime rival Foot locker For $ 2.4 billion. So far, Dick’s has seen a mixture of reactions with the proposed acquisition.
On the one hand, the acquisition of Foot Locker by Dick will allow him to enter international markets for the first time and to reach a crucial client for the sneakers market and which does not generally make its purchases in the retailer stores. On the other hand, Dick’s has acquired a company that has been struggling for years and some are not sure existing because of its overlap with other wholesalers and the rise of brands who sell directly to consumers.
While football locker actions initially climbed more than 80% after the agreement was announced, Dick’s shares have dropped by around 15%.
The agreement should be concluded in the second half of the 2025 financial year and, for the moment, Dick’s prospects do not include costs or results linked to the acquisition of acquisition.
During the first complete exercise after closing, Dick expects the transaction to be accreetive for profits and gives birth between $ 100 and $ 125 million in cost synergies.
