Dick's Sporting Goods (NYSE:DKS) stock has had a tough ride through the past year. Throughout the past three years, the stock has lost half of its value as the retailer struggles to keep up with the shifting landscape. That is until recently, when the company reported surprisingly good Q1 results. Since then, the stock has rallied to the $36 range. This article will look at the results of that quarter, the full-year outlook, and Dick's place within the retail sector.
The Good
The first quarter flat out rocked. With revenue growth of 4.6% for sales of $1.9 billion, Dick's showed it can still create a growth story in a market that has heard nothing but talk of Amazon's (NASDAQ:AMZN) dominance. Admittedly, eCommerce certainly caught DKS off guard. Net incomes took a hit a few years ago, though it should be noted that overall sales have technically increased for five years in a row.
