What’s Driving Dick’s Sporting Goods’ Sales
Over the last six quarters, Dick’s Sporting Goods (DKS) has missed analysts’ sales estimates four times and beaten them twice. Sales grew 4.6% and 1.0% YoY (year-over-year) in the first and second quarters, respectively, boosted by e-commerce sales and private brand sales. The company’s comparable store sales have been dismal, with weakness in the hunting and electronics categories.