10-Q quarterly report · filed May 25, 2016

Dick's Sporting Goods Inc (DKS) Q2 2016 10-Q Quarterly Report

Short answer

Dick's Sporting Goods Inc (DKS) filed its Q2 2016 10-Q quarterly report on May 25, 2016 for the quarter ended Apr 30, 2016.

Dick's Sporting Goods Inc Q2 2016 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $1.7B, up 6% YoY from $1.6B, driven by new stores and 0.5% same-store sales growth
  • Operating margin 5.46% vs 6.51% YoY, gross margin 29.86% vs 29.96%
  • Golf Galaxy same-store sales up 1.7% vs Dick’s Sporting Goods up 0.4%
  • Operating cash flow $(0.1)M vs $35.5M YoY, cash balance $92.5M vs $81.4M
  • Capital deployment: $50.0M share repurchases, $17.6M dividends, $88.8M investing cash use
  • Outlook: operating cash flows and credit availability expected to fund fiscal 2016 needs, with competition and consumer demand headwinds

Risk Factors

  • No material changes to risk factors from the January 30, 2016 10-K
  • Competitive and demand risk: same-store sales increased 0.5%, with transactions declining 0.5%
  • Regulatory and compliance risk: changing laws covering consumer products, firearms, ammunition, data protection and privacy
  • Operational risk: eCommerce platform disruption, including problems with the primary eCommerce services provider
  • Liquidity risk: revolving-credit borrowings increased to $157.6 million, with cash of $92.5 million

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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