Dick’s Q1 Highlights
- Q1 earnings per diluted share of $0.61, above $0.59 per diluted share in the prior year
- Same store sales for Q1 were flat
- Earnings per share guidance is increased to $3.20 to $3.40, up from the previous range of $3.15 to $3.35
- In 2019 will open 7 new Dick’s Sporting Goods stores and relocate 3. Will open 2 new Golf Galaxy stores and relocate 1.
E-commerce sales for the first quarter increased 15%, and accounted for approximately 13% of total net sales, compared to approximately 11% during the first quarter of 2018.
"During the first quarter, we made great progress in executing against our strategic priorities and investments as we remain focused on improving the in-store and online experience for our athletes and driving productivity improvements across our business," said president Lauren Hobart. "As we continue to build the best omnichannel experience in sporting goods, we see significant opportunity to drive competitive advantage in the marketplace and strengthen our leadership position."
In the quarter, Dick’s opened one new Golf Galaxy store, relocated one Dick’s Sporting Goods store, and closed two Dick’s Sporting Goods stores. The company currently operates 727 Dick’s Sporting Goods stores in 47 states, 95 Golf Galaxy stores in 32 states, and 35 Field & Stream stores in 16 states.