Dick's Sporting Goods Inc. Presents at Credit Suisse group 3rd Annual Consumer Conference, Dec-11-2012 .

Dick's Sporting Goods Inc. announced consolidated unaudited earnings results for the first quarter ended May 4, 2013. For the quarter, the company reported net sales of $1,333,701,000 compared with $1,281,704,000 for the same period a year ago. Income from operations was $97,617,000 compared with $95,735,000 for the same period a year ago. Income before tax was $103,152,000 compared with $94,151,000 for the same period a year ago. Net income was $64,821,000 or $0.52 per diluted share compared with $57,157,000 or $0.45 per diluted share for the same period a year ago. The company generated earnings per diluted share, excluding an estimated recovery of $4.3 million, or $0.04 per share, of original investment in JJB Sports. Net cash used in operating activities was $75,352,000 compared with $17,770,000 for the same period a year ago. Capital expenditure was $33,954,000 compared with $41,251,000 for the same period a year ago. Adjusted EBITDA was $132,287,000 compared with $125,256,000 for the same period a year ago. The Company reported consolidated non-GAAP net income for the first quarter ended May 4, 2013 of $60.5 million, or $0.48 per diluted share. On May 20, 2013, Dick's Sporting Goods Inc.'s Board of Directors authorized and declared a quarterly dividend in the amount of $0.125 per share on the Company's Common Stock and Class B Common Stock. The dividend is payable in cash on June 28, 2013 to stockholders of record at the close of business on June 7, 2013. The company provided earnings guidance for the second quarter and full year of fiscal 2013. For the second quarter, based on an estimated 126 million diluted shares outstanding, the company currently anticipates reporting consolidated earnings per diluted share of approximately $0.75 to 0.77 in the second quarter of 2013. Consolidated same store sales adjusted for the shifted calendar, due to the 53rd week in 2012, are currently expected to increase approximately 2 to 3% in the second quarter of 2013, or approximately 3.5 to 4.5% on an unshifted basis, as compared to a 3.8% increase in the second quarter of 2012. The company anticipating non-GAAP consolidated earnings per diluted share between approximately $2.84 and $2.86, excluding an estimated recovery of $4.3 million, or $0.04 per share, from original investment in JJB Sports. This compares to non-GAAP earnings per diluted share of $2.53 in 2012, including the $0.03 from the 53rd week and excluding $0.22 from the JJB impairment charge. The Company expects to open approximately seven new DICK'S Sporting Goods stores in the second quarter of 2013. For the full year of fiscal 2013, based on an estimated 126 million diluted shares outstanding, the company currently anticipates reporting consolidated non-GAAP earnings per diluted share of approximately $2.84 to 2.86, excluding the partial recovery of a previously impaired asset. Consolidated same store sales are currently expected to increase approximately 2 to 3% on a 52-week to 52-week comparative basis, compared to a 4.3% increase in fiscal 2012. In 2013, the Company anticipates capital expenditures to be approximately $299 million on a gross basis and approximately $258 million on a net basis. The Company expects to open approximately 40 new DICK'S Sporting Goods stores, relocate one DICK'S Sporting Goods store and complete four full and 75 partial remodels of DICK'S Sporting Goods stores in 2013. The Company also expects to open one new Golf Galaxy store and relocate one Golf Galaxy store in 2013, both of which will be in the new, larger format. The Company expects to open approximately two new True Runner stores and approximately two new Field & Stream stores in 2013.

Dick's Sporting Goods Inc., Q1 2013 Earnings Call, May 21, 2013