10-Q quarterly report · filed Aug 30, 2018

Dick's Sporting Goods Inc (DKS) Q3 2018 10-Q Quarterly Report

Short answer

Dick's Sporting Goods Inc (DKS) filed its Q3 2018 10-Q quarterly report on Aug 30, 2018 for the quarter ended Aug 4, 2018.

Dick's Sporting Goods Inc Q3 2018 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Quarterly revenue $2,177.5M, up 1.0% YoY from $2,156.9M, with same-store sales down 1.9%
  • Operating margin 7.46% vs 7.38% YoY, net margin 5.48% vs 5.21%, effective tax rate 26.1% vs 34.4%
  • eCommerce strongest channel: sales up 12%, penetration approximately 11% vs 9% YoY; hunt and electronics weakest categories
  • Cash and equivalents $124.3M vs $131.6M YoY, operating cash flow $315.9M vs $244.5M, share repurchases $73.8M
  • Outlook: hunt and electronics under significant pressure, higher freight costs expected, fiscal 2018 capital expenditures approximately $250M gross

Risk Factors

  • Newly added trade risk: U.S.-China tariffs, with rounds effective July and August 2018 and a proposed third round
  • Most materially updated product-cost risk: Tariffs could force alternative suppliers, price increases, or operational changes
  • Newly intensified reputational risk: Firearms-policy changes accelerated the hunt-business decline
  • Competitive supply risk: Certain firearms manufacturers indicated they would stop doing business with Dick’s
  • Carried-forward financial risk: Foreign-currency movements and raw-material prices could increase merchandise costs

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

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