Dick’s Sporting sees year-over-year EPS decline in Q3, rise in Q4

On Dick’s Sporting (DKS) Goods’ Q2 call, the company stated: “We continue to expect operating margins to be approximately 11.1% at midpoint and at the high end of our expectations we continue to expect to drive approximately 10 basis points of operating margin expansion. We now expect EPS in the range of $13.90 to $14.50, compared to our prior expectation of $13.80 to $14.40. As contemplated in our 2025 annual plan, we expect EPS to decline year-over-year in Q3 and increase in the fourth quarter. Our earnings guidance is based on approximately 81M average diluted shares outstanding and an effective tax rate of approximately 25%, compared to our prior expectation of approximately 24%. We continue to expect net capital expenditures of approximately $1B for the full year. In closing, we are very pleased with our second quarter performance and the success of our long term strategies. We remain very enthusiastic about the future of our business.”