Report
John Brick, CFA
EUR 101.80 For Business Accounts Only

No-moat Dick's attempts to bolster its industry-leading position by increasing in-store investments.

Dick’s fourth-quarter results continue to show that the firm is taking steps to withstand a plethora of headwinds, including a heightened promotional landscape, wage pressures, and the need for increased investments behind its omnichannel build-out. While these factors are constraining profits, the impact was in line with our expectations, as adjusted operating margins fell 170 basis points to 7.4%, placing its full year at 5.9% versus our 5.8% forecast. Similarly, its fiscal 2018 guidance impli...
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
John Brick, CFA

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