Report
R.J. Hottovy
EUR 100.00 For Business Accounts Only

Dick's Invests in E-Commerce, Private Label, and In-Store Experiences as It Prepares for Growth

No-moat Dick's fourth-quarter results came in slightly better than expected (down 2.2% comps versus expectations of down 3.4%, e-commerce sales up 17%, EPS of $1.07 versus an implied of range of $0.97-$1.07), but its initial 2019 outlook appears to be weighing on the stock. We aren't concerned about guidance of 0%-2% comps in 2019 (and a return to positive comp growth in the second quarter), as it suggests that the rotation away from hunting/firearm categories (which affected fourth-quarter comp...
Underlying
Dick's Sporting Goods Inc.

Dick's Sporting Goods is an omni-channel sporting goods retailer offering sports equipment, apparel, footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick's Team Sports HQ, an all-in-one youth sports digital platform offering scheduling, communications and live scorekeeping through its GameChanger mobile apps, free league management services, custom uniforms and fan wear, and access to donations and sponsorships. The company provides products to its customers through its retail stores and online. The company is also involved in local communities, sponsoring teams in various sports.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
R.J. Hottovy

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