LONDON, UK / ACCESSWIRE / April 20, 2018 / Active-Investors.com has just released a free earnings report on Dick's Sporting Goods, Inc. (NYSE: DKS) ("DKS"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=DKS. The Company reported its fourth quarter fiscal 2017 and full fiscal year 2017 operating and financial results on March 13, 2018. The sporting goods retailer surpassed earnings expectations. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Dick's Sporting Goods most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For the 14-week fourth quarter of 2017, DKS' net sales increased 7.3% to approximately $2.66 billion compared to $2.48 billion in Q4 2016. The Company's consolidated same-store sales decreased 2.0% on a 13-week to 13-week comparative basis. DKS' revenue numbers lagged analysts' estimates of $2.74 billion.

For the 53-weeks full year ended February 03, 2018, DKS' net sales increased 8.4% to $8.59 billion compared to $7.92 billion in FY16, primarily due to the growth of the Company's store network, as well as the inclusion of the 53rd week of sales during FY17.

DKS reported a consolidated net income of $116.0 million, or $1.11 per diluted share, in Q4 2017 compared to $90.2 million, or $0.81 per diluted share, in Q4 2016. The Company's reported quarter results included approximately $0.09 per diluted share for the 14th week.

On a non-GAAP basis, DKS reported a consolidated net income of $127.3 million, or $1.22 per diluted share, in Q4 2017 compared to $147.8 million, or $1.32 per diluted share, in Q4 2016. The Company's non-GAAP results for the reported quarter excluded transition costs related to the ScoreCard loyalty program enhancements and a litigation contingency. DKS' non-GAAP results for Q4 2016 excluded charges to write-down the value of the Company's inventory, in connection with the implementation of a new merchandising strategy; asset impairments and store closing charges; as well as costs to convert former Sports Authority and Golfsmith stores. DKS' earnings numbers beat Wall Street's estimates of $1.20 per share.

For FY17, DKS recorded a consolidated net income of $323.4 million, or $3.01 per diluted share, compared to $287.4 million, or $2.56 per diluted share, in FY16. On a non-GAAP basis, the Company reported a consolidated net income of $324.3 million, or $3.01 per diluted share, in FY17 compared to $349.7 million, or $3.12 per diluted share, in FY16.

Omni-Channel Development

DKS' ecommerce sales increased approximately 9% on a 13-week to 13-week comparative basis in Q4 2017, as the Company successfully completed its first holiday season on its new web platform. The Company's ecommerce penetration was 19.0% of total net sales in Q4 2017 compared to 17.9% during Q4 2016.

During Q4 2017, the Company relocated 1 DICK'S Sporting Goods store, and closed 3 DICK'S Sporting Goods stores and 4 Golf Galaxy stores. As of February 03, 2018, the Company operated 716 DICK'S Sporting Goods stores in 47 states, with approximately 38.0 million square feet; 94 Golf Galaxy stores in 32 states, with approximately 2.0 million square feet; and 35 Field & Stream stores in 16 states, with approximately 1.7 million square feet.

Balance Sheet

DKS ended Q4 2017 with approximately $101 million in cash and cash equivalents and no outstanding borrowings under its revolving credit facility. Over the course of the past 12 months, the Company continued to invest in omni-channel growth, while returning over $357 million to shareholders through share repurchases and quarterly dividends.

During Q4 2017, DKS repurchased approximately 1.3 million shares of its common stock at an average cost of $31.70 per share, for a total cost of $42.5 million. For FY17, the Company repurchased approximately 8.1 million shares of its common stock at an average cost of $35.04 per share, for a total cost of $284.6 million, and has approximately $0.8 billion remaining under its authorization that extends through 2021.

Stock Performance Snapshot

April 19, 2018 - At Thursday's closing bell, Dick's Sporting Goods' stock fell 1.69%, ending the trading session at $31.41.

Volume traded for the day: 1.52 million shares.

Stock performance in the previous six-month period ? up 25.04%; and year-to-date ? up 9.29%

After yesterday's close, Dick's Sporting Goods' market cap was at $3.57 billion.

Price to Earnings (P/E) ratio was at 10.39.

The stock has a dividend yield of 2.87%.

The stock is part of the Services sector, categorized under the Sporting Goods Stores industry.

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