What's Going On With Dick's Sporting Goods (DKS) Stock?
Portfolio Pulse from Henry Khederian
Dick's Sporting Goods Inc (DKS) shares are trading higher by 2.84% to $114.80 during Monday's session, rebounding after a fall last week due to downbeat guidance following Q2 results. Q2 sales grew 3.6% Y/Y to $3.22 billion, missing the analyst consensus of $3.23 billion. Comparable store sales increased 1.8% versus a 5.1% decline a year ago. Gross profit margin contracted 160 basis points Y/Y to 34.4% and operating income for the quarter fell 32.3% Y/Y to $311.8 million.
August 28, 2023 | 6:02 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Dick's Sporting Goods' shares are rebounding after a fall due to downbeat Q2 results and guidance. The company's sales grew 3.6% Y/Y but missed the analyst consensus. The gross profit margin and operating income also fell.
The stock is rebounding after a fall due to downbeat Q2 results and guidance. While the company's sales grew 3.6% Y/Y, it missed the analyst consensus. Additionally, the gross profit margin contracted 160 basis points Y/Y to 34.4% and operating income for the quarter fell 32.3% Y/Y to $311.8 million. These factors could potentially impact the stock's performance in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100