Dick's Sporting Goods Earnings Call Summary

The executives at Dick's Sporting Goods DKS spoke with control and tackled the issues at hand with honesty in its Q1 earnings call.

The call highlighted points on the hunting and golf sectors of the company's business and gave guidance for Q2 and the full year.

Hunting and Golf Losses

• Hunting is seen as a temporary issue whereas golf is a much more worrisome issue that could be long-lasting, since they don't believe the golf industry has bottomed out yet.
• Space previously allocated for golf will now be used for apparel.
• The combination of these two sectors being slow will significantly affect business.

Outlook and Guidance

Full-year EPS was revised from $3.03 to $2.70.

• Eight new stores expected to open in 2014.

Q2 consolidated earnings per diluted share $0.62-$0.67.

Miscellaneous 

The company has repurchased approximately $280 million in shares in the last 12 months.

Shares of Dick's are currently trading around $43.87, down over 17 percent.