DICK'S Sporting Goods Raises 2019 Profit View - Quick Facts

(RTTNews) - DICK'S Sporting Goods Inc. (DKS) said that it raised its full year 2019 earnings per share guidance to a range of $3.20 - $3.40, from the previous range of $3.15 - $3.35 per share. Analysts polled by Thomson Reuters expect the company to report earnings of $3.26 per share for fiscal year 2019. Analysts' estimates typically exclude special items. The company's earnings per share guidance includes about $30 million of net investments in business transformation initiatives.

In the Wednesday pre-market trade, DKS is currently trading at $37.60, up $1.83 or 5.12 percent.

The company expects annual consolidated same store sales to be slightly positive to an increase of 2%, compared to a 3.1% decrease in 2018. The company expects to deliver positive consolidated same store sales beginning in the second quarter.

The company expects to open seven new DICK'S Sporting Goods stores and relocate three DICK'S Sporting Goods stores in 2019.

The company also expects to open two new Golf Galaxy stores and relocate one Golf Galaxy store in 2019. Six of the new stores are expected to open during the third quarter.