10-Q quarterly report · filed May 31, 2018

Dick's Sporting Goods Inc (DKS) Q2 2018 10-Q Quarterly Report

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Dick's Sporting Goods Inc (DKS) filed its Q2 2018 10-Q quarterly report on May 31, 2018 for the quarter ended May 5, 2018.

Dick's Sporting Goods Inc Q2 2018 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $1,909.7M, up 4.6% YoY from $1,825.3M, including $32.3M fiscal-calendar benefit
  • Operating margin 4.57% vs 4.93% YoY, net margin 3.15% vs 3.19%
  • Best categories: fitness equipment, team sports, licensed and private brands; worst: hunt and electronics, both under pressure
  • Operating cash flow $(19.1)M vs $36.5M YoY; cash $104.6M, credit-facility borrowings $280.1M
  • Share repurchases $107.9M and dividends $23.7M; fiscal 2018 capital-expenditure guidance approximately $280M gross, $250M net
  • Near-term headwinds: hunt and electronics pressure, electronics exit, 19 planned new Dick’s stores in fiscal 2018

Risk Factors

  • No material changes from the February 3, 2018 10-K risk factors
  • Firearms-policy backlash: customer and vendor reactions contributed to accelerated hunt-category declines
  • eCommerce execution risk: penetration reached approximately 11%, increasing exposure to platform disruptions and fulfillment costs
  • Retail demand risk: consolidated same-store sales decreased 0.9%, with transactions down approximately 3.7%
  • Liquidity risk: operating cash flow was negative $19.1 million while Credit Facility borrowings reached $280.1 million

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

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