Dick’s Sporting Goods’ Bottom Line: What Lies Ahead?
In fiscal 2018, Dick’s Sporting Goods (DKS) expects to report EPS (earnings per share) of $2.80–$3.00, compared with $3.01 in fiscal 2017. Its bottom line is expected to be impacted by having one fewer week in the year—the 53rd week in fiscal 2017 added $0.09 to its bottom line. Due to the Tax Cuts and Jobs Act, the effective tax rate is expected to be 26% in fiscal 2018, compared with 35.5% in fiscal 2017.