Nathan Yates
August 10, 2016
Nathan Yates, Forward View
Director of Research & Consulting

Sporting Goods Earnings

Next week, Forward View's coverage of 2Q earnings season will be wrapping up with reports by Dick's Sporting Goods (the 16th), Sportsman's Warehouse (the 18th) and Hibbett Sports (the 19th). We've attached summaries of our earnings estimates for these companies to this post. We're also raising our Hibbett Sports 2Q diluted EPS forecast to $0.31 and our revenue estimate to $211.3M, from $0.26 and $207.3M respectively, due to strong overall industry sales and fresh high-margin footwear products issued this summer. (The monthly advance retail sales report released on August 12th will offer one final data point before these retailers publish earnings.)

Thus far, the firearms and marine niches have outperformed the overall sporting goods sector. We believe this trend will continue through the remainder of the earnings season. (Look for good news from Vista Outdoor on August 11th and Smith & Wesson on September 1st, for example.) As we head toward the second half of our earnings season coverage, we invite your questions and inquiries. Our team would be happy to schedule a conversation with you to discuss our research and recommendations.

Email nathan@forwardviewconsulting.com to begin a discussion with Forward View.


Stocks referenced: DKS   HIBB   SPWH   SWHC   VSTO
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