Dick sports goods He said on Wednesday that he stands alongside his entire public guidance, which includes the expected effect of all definitions currently in place.
The sports goods giant said that the stock profits are expected to range between $ 13.80 and $ 14.40 in the fiscal year 2025 – in line with $ 14.29 expected by analysts, according to LSEG.
Its revenue ranges between $ 13.6 billion and $ 13.9 billion, and is also in line with expectations of $ 13.9 billion, according to LSEG.
“We reaffirm our expectations for the year 2025, which reflects our strong start for this year and confidence in our strategies and operational strength while recognizing the dynamic macroeconomic environment.” “Our performance shows the momentum and strength of our long -term strategies and the consistency of our implementation.”
Here is the way the company led in the first financial quarter compared to what Wall Street expected, based on a survey of analysts by LSEG:
- Arrow’s profits: $ 3.37 modified. It was not immediately clear whether the results were similar to estimates.
- profit: 3.17 billion dollars for $ 3.13 billion
The net net income of the company was three months that ended on May 3, $ 264 million, or $ 3.24 per share, compared to $ 275 million, or $ 3.30 per share, a year ago. With the exception of the one -time items related to its acquisition of Foot Locker, Dick’s profit for one share was published from $ 3.37.
Sales rose to $ 3.17 billion, an increase of about 5 % from $ 3.02 billion in the previous year.
For most investors, Dick results will not be a surprise because it announced some of its numbers about two weeks ago when it was revealed Plans to acquire Her opponent for a long time Foot For $ 2.4 billion. To date, he saw a mixture of reactions to the proposed acquisition.
On the one hand, Dick For Foot Locker will allow the first time to enter the international markets and reach a customer that is very important to the sports shoe market and does not usually shop in retail stores. On the other hand, Dick’s acquires a company that struggles for years and some are not sure that it is needed due to its interference with other wholesalers and the rise of brands that are sold directly to consumers.
While the Foot Locker shares initially increased more than 80 % after announcing the deal, DICK shares decreased about 15 %.
The transaction is expected to be closed in the second half of the 2025 fiscal year, and at the present time, the costs of the cost of the acquisition or results from the acquisition.
In the first full financial year after you spent a Quraysh district, Dick expects that the transaction will be accumulated on profits and to provide between 100 million dollars and 125 million dollars in the cost synergy.
