Why DICK'S Sporting Goods (DKS) Shares Are Jumping Today - Dick's Sporting Goods (NYSE:DKS)

DICK'S Sporting Goods, Inc. DKS reported fourth-quarter FY22 sales growth of 7.3% year-on-year to $3.597 billion, beating the consensus of $3.45 billion.
Comparable store sales increased 5.3% versus 6.6% growth a year ago.
Gross profit margin contracted 516 basis points Y/Y to 32.42%. Operating margin contracted 554 basis points to 8.64%, and operating income for the quarter fell 34.5% to $310.8 million.
The company held $1.9 billion in cash and equivalents as of Jan. 28, 2023. Total inventory at the end of Q4 increased 23% Y/Y.
Adjusted EPS of $2.93 beat the analyst consensus of $2.88.
The company's Board declared a quarterly dividend of $1.00 per share, payable in cash on Mar. 31, 2023, to stockholders of record on Mar. 17, 2023.
The dividend represents an increase of 105% over the company's previous quarterly per share amount and is equivalent to an annualized dividend of $4.00 per share.
Outlook: DKS sees FY23 EPS of $12.90 - $13.80 versus the Street view of $11.96. ◦ It includes approximately $0.20 per share for the 53rd week.
DKS expects FY23 gross capital expenditure of $670 million - $720 million.
DKS expects comparable store sales to be flat to positive 2.0% on a 52-week basis.
Price Action: DKS shares are trading higher by 5.95% at $140.00 in premarket on the last check Tuesday.
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Momentum19.45

Growth90.55

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Value68.67

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Why DICK'S Sporting Goods Shares Are Jumping Today