Dick’s Sporting Goods said Wednesday that he is standing for his guide throughout the year, which includes the expected impact of all rates currently in force.
The giant of the sports articles said that the earnings per share are between $ 13.80 and $ 14.40 in fiscal year 2025, in line with the $ 14.29 that analysts expected, according to LSE.
It is projected that the income is between $ 13.6 billion and $ 13.9 billion, which is also in line with expectations of $ 13.9 billion, according to LSE.
“We are reaffirming our 2025 perspective, which reflects our strong beginning of the year and confidence in our strategies and operational force while recognizing the dynamic macroeconomic environment,” said CEO Lauren Hobart in a press release. “Our performance demonstrates the impulse and strength of our long -term strategies and the consistency of our execution.”
This is how the company served in its first fiscal quarter compared to what Wall Street was anticipating, based on a LSEG analysts survey:
- Profit per action: $ 3.37 adjusted. It was not clear immediately if the results were comparable to estimates.
- Revenue: $ 3.17 billion compared to $ 3.13 billion
The company’s net income for the company for the three -month period that ended on May 3 was $ 264 million, or $ 3.24 per share, compared to $ 275 million, or $ 3.30 per share, a year earlier. Excluding unique articles related to its acquisition of Foot Locker, Dick published profits per share of $ 3.37.
Sales increased to $ 3.17 billion, approximately 5% of $ 3.02 billion the previous year.
For most investors, Dick’s results will not be a surprise because it provided some of its numbers approximately two weeks ago when it presented plans to acquire its rival standing cap for a long time for $ 2.4 billion. Until now, Dick has seen a mixture of reactions to the proposed acquisition.
On the one hand, Dick Locker’s agreement will allow you to enter international markets for the first time and reach a customer that is crucial for the shoes market and does not usually buy in retailers. On the other hand, Dick is acquiring a business that has been fighting for years and that some are not sure to exist due to their overlap with other wholesalers and the rise of brands that are sold directly to consumers.
While Foot Locker shares initially fired more than 80% after the agreement was announced, Dick’s actions fell around 15%.
The transaction is expected to close in the second half of the 2025 prosecutor and, for now, Dick’s perspective does not include costs or results related to the acquisition of the acquisition.
In the first full fiscal year after closing, Dick’s expects the transaction to accumulate the profits and deliver between $ 100 million and $ 125 million in cost synergies.
