Dick's Sporting Goods shares soar after record profit and sales, special dividend

3 weeks ago 7
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Dick's Sporting Goods Inc. DKS, +2.33% shares soared 11% successful Wednesday premarket trading aft the diversion retailer reported grounds second-quarter nett and sales. Net income totaled $495.5 million, oregon $4.53 per share, up from $276.8 million, oregon $3.12 per share. Adjusted EPS of $5.08 blew past the FactSet statement for $2.88. Sales of $3.27 cardinal were up from $2.71 cardinal and besides up of the FactSet statement for $2.84 billion. Comparable income roseate 19.2%, up of the FactSet statement for a 5.4% increase. Dick's announced a peculiar dividend of $5.50 per stock connected September 24, 2021 to stockholders of grounds astatine the adjacent of concern connected September 10, 2021. The institution besides accrued its quarterly dividend by 21% to $0.4375 per share, besides payable connected September 24, 2021 to stockholders of grounds astatine the adjacent of concern connected September 10, 2021. Dick's present expects to repurchase a minimum of $400 cardinal shares during 2021, up from erstwhile guidance for $200 million. For 2021, Dick's is guiding for income of $11.52 cardinal to $11.72 billion, comparable income maturation of 18% to 20%, EPS of $11.00 to $11.45 and adjusted EPS of $12.45 to $12.95. The FactSet statement is for income of $10.95 billion, comparable income maturation of 13.3%, and EPS of $8.94. Dick's banal has much than doubled, up 103.5% for the twelvemonth to date, portion the S&P 500 scale SPX, +0.15% has gained 19.4% for the period.

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