Dick's Sporting Goods Inc
DKS: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$538.00 | Bhqwmk | Nwbmhgvrd |
Dick’s Sporting Goods Earnings: Smart Game Plan Continues to Bring Wins; Shares Expensive
Dick’s Sporting Goods continues to shine in a tough sportswear market, posting second-quarter results above our expectations. The firm’s 4.5% same-store sales growth outperformed our 3.5% estimate and the results of most retail peers. Although we rate Dick’s as a no-moat company due to the competitiveness of the sporting goods retail market, we believe its core strategies, including merchandising upgrades, House of Sport, loyalty program, and store remodels, are succeeding.