DICK'S Sporting Goods Issues 2025 Outlook; Authorizes Increase In Dividend, Share Repurchase
(RTTNews) - DICK'S Sporting Goods, Inc. (DKS) said it expects full year 2025 comparable sales growth to be in the range of 1.0% to 3.0% and earnings per share to be in the range of $13.80 to 14.40. Net sales are projected in a range of $13.6 billion to 13.9 billion. Analysts on average expect the company to report profit per share of $14.84. Analysts' estimates typically exclude special items.
On March 10, the company's Board authorized a new five-year share repurchase program of up to $3 billion of the company's common stock. The company plans to continue to purchase under the previously announced five-year $2 billion share repurchase program, authorized on December 16, 2021, until it is exhausted or expired. Also, the Board authorized and declared a quarterly dividend in the amount of $1.2125 per share on Common Stock and Class B Common Stock. The dividend is payable in cash on April 11, 2025 to stockholders of record at the close of business on March 28, 2025.
Fourth quarter earnings totaled $299.97 million, or $3.62 per share. This compares with $296.43 million, or $3.57 per share, last year. Non-GAAP earnings per share was $3.62 compared to $3.85. Analysts on average had expected the company to earn $3.51 per share. Analysts' estimates typically exclude special items. Revenue rose 0.4% to $3.89 billion from $3.88 billion last year. Fourth quarter comparable sales growth was 6.4%.
Shares of DICK'S Sporting Goods are down 4% in pre-market trade on Tuesday.
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