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DICK's Sporting Goods, Inc.

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DICK’s Sporting, which has lagged the industry in the last year, is bearing the brunt of a challenging retail landscape. This also caused the company to post its first negative earnings surprise in the last six quarters in the second-quarter fiscal 2017. The company faced an extremely competitive, volatile and promotional environment, which dented gross margin. Management expects all these factors to linger through the rest of fiscal 2017. This along with projections of an extremely challenging hunting category, compelled the company to cut its fiscal 2017 view. Nevertheless, DICK’s Sporting remains on track with its robust omni-channel efforts, which drove both the top and bottom lines’ year-over-year growth. Notably, e-commerce sales jumped 19% in the second quarter. Additionally, the company is gaining from the liquidation of rivals. We also commend DICK’S Sporting’s shareholder-friendly moves.


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