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Dick's Sporting Goods Posts Mixed Results, Offers Weak Forecast

By Paul Ausick March 11, 2014 8:20 am EDT Dicks Sporting Goods Inc. (NYSE: DKS) reported fourth-quarter and full-year 2013 results before markets opened Tuesday. For the fourth quarter, the sporting goods retailer reported diluted earnings per share (EPS) of $1.11 on revenues of $1.9 billion. In the same period a year ago, the company reported EPS of $1.03 on revenue of $1.81 billion. Fourth-quarter results also compare to the Thomson Reuters consensus estimates for EPS of $1.11 and $1.94 billion in revenue. The 2012 fourth quarter included 14 weeks, one more than in 2013. For the full year, the company reported adjusted diluted EPS of $2.69 on revenues of $6.2 billion. The consensus estimates called for EPS of $2.70 on revenues of $6.21 billion. Same-store sales for the fourth quarter rose 6.3%, with sales at Dicks Sporting Goods stores up 6.8% and sales at Golf Galaxy stores down 9.4%. Online sales accounted for 12.2% of total sales for the quarter. For the fourth quarter o...