Dick's Sporting Goods Inc Issues Q4 2012 EPS Guidance Below Analysts' Estimates; Comments On Q4 2012 Same Store Sales Guidance; Raises FY 2012 EPS Guidance

Dick's Sporting Goods Inc announced that for fourth quarter of 2012, it expects consolidated earnings per diluted share (EPS) of approximately $1.03 to 1.05. The fourth quarter guidance includes approximately $0.03 per diluted share. On a 13-week basis, earnings per diluted share are expected to be $1.00 to 1.02. Consolidated same store sales are for fourth quarter 2012 are expected to increase approximately 4% compared to a 0.1% increase in the fourth quarter last year. For fiscal 2012, it expects consolidated non-GAAP earnings per diluted share of approximately $2.53 to 2.55, excluding an impairment charge and including approximately $0.03 per diluted share for the 53rd week. On a 52-week basis, non-GAAP earnings per diluted share are expected to be $2.50 to 2.52. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $1.07 for fourth quarter of 2012 and EPS of $2.54 for fiscal 2012.