×
64 734
Fashion Jobs
GAP
General Manager - Valley Fair
Permanent · Santa Clara
GAP
Assistant Manager, Customer Operations - Great Lakes Crossing
Permanent · Auburn Hills
MICHAEL KORS
Part Time Sales Supervisor Southpark Mall, Charlotte nc
Permanent · Charlotte
NORDSTROM
1st Shift Dock Area Manager Sun-Thurs
Permanent · Ontario
NORDSTROM
Senior Technical Program Manager
Permanent · Seattle
BANANA REPUBLIC
General Manager - Petaluma Village
Permanent · Petaluma
KOHLS
Senior Business Intelligence Engineer (Remote)
Permanent · Menomonee Falls
ULTA BEAUTY, INC.
CO - Sales Manager
Permanent · West Covina
KIDS FOOT LOCKER, FOOT LOCKER
Replenishment Analyst, Ftw, Kfl
Permanent · New York
ASCENA
Part Time Sales Manager - Ann Taylor, The Woodlands Mall
Permanent · The Woodlands
LULULEMON
Asset Protection Lead - Boston Seaport
Permanent · Boston
ESTEE LAUDER
Manager, Marketing el Travel Retail (Makeup & Fragrance)
Permanent · New York
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Fifth Avenue
Permanent · New York
ABERCROMBIE AND FITCH CO.
Lead Auditor - Data, Technology, & Compliance Risk (Remote)
Permanent · Columbus
ABERCROMBIE AND FITCH CO.
Lead Auditor - Operational & Compliance
Permanent · Columbus
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Seattle Outlets
Permanent · Marysville
MICHAEL KORS
Full-Time Sales Supervisor - Keystone, il
Permanent · Indianapolis
NORDSTROM
Area Manager Warehouse - 3rd Shift Inventory - San Bernardino, ca
Permanent · San Bernardino
NORDSTROM
Area Manager Warehouse - 2nd Shift Inventory - San Bernardino, ca
Permanent · San Bernardino
NORDSTROM
Manager - Asset Protection - Chestnut Rack
Permanent · Philadelphia
NORDSTROM
Senior Manager of Merchandise Inventory - Replenishment
Permanent · Seattle
NORDSTROM
Asset Protection - Security Ambassador - Irvine Spectrum Center
Permanent · Irvine
By
Reuters
Published
May 18, 2011
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Dick's Sporting Q1 sales disappoint, shares fall

By
Reuters
Published
May 18, 2011

May 17 - Dick's Sporting Goods Inc reported quarterly sales that missed analysts' expectations, as heavy rains kept shoppers away in its Northeastern U.S. markets, sending its shares down 5 percent.

Dick's Sporting Goods Inc

The company, which has nearly a third of its stores in Northeastern states like New Jersey, New York and Pennsylvania, also projected second-quarter earnings below estimates.

"There are some consumer pressures, with rising gas and food prices.... But I think the guidance is conservative and beatable," Stephens Inc analyst Rick Nelson told Reuters.

Some companies and analysts have said retailers may see lower demand as rising gas, energy and food prices leave U.S. shoppers with less appetite for discretionary spending.

Dick's Sporting, which sells branded merchandise like athletic footwear, gear and apparel under brands such as Nike, Adidas and Under Armour, also faces stiff competition from privately held The Sports Authority, its biggest rival.

However, the largest publicly traded sporting goods retailer in the United States topped Wall Street profit expectations for the ninth straight time helped by higher gross margins.

The Pittsburgh-based company's first-quarter same-store sales, which rose 2.1 percent, missed most analysts' expectations.

"Same-store sales came in well below our estimate... as rain wreaked havoc on sales. We believe sales have recovered but once again commentary on near-term trends will be critical given Dick's Sporting's lofty valuation," JP Morgan's Christopher Horvers wrote in a note.

For the second quarter, the company, which typically runs megastores, with separate shops for golf, footwear, fitness, hunting and team sports, projected a profit of 47-49 cents a share. Analysts were expecting earnings of 50 cents a share.

Shares of the company fell 5 percent to $38.56 in Tuesday morning trade on the New York Stock Exchange.

(Reporting by Mihir Dalal and Viraj Nair in Bangalore; Editing by Don Sebastian)

© Thomson Reuters 2022 All rights reserved.