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Highlights
- Dick's Sporting Goods Inc (NYSE:DKS) stock rose over 100% YTD, while the Express, Inc. (NYSE:EXPR) stock jumped over 676% YTD.
- Dick’s net sales rose by 20.7% in Q2, while Express Inc’s net sales surged 86% YoY.
- Express Inc reported a net income of US$10.6 million, or US$0.15 per diluted share in Q2.
The stocks of Dick's Sporting Goods Inc. (NYSE:DKS) and Express Inc. (NYSE:EXPR) were up 11 percent and 7 percent, respectively, after reporting solid second-quarter results on Wednesday.
Both the stocks were trending on Wall Street after the results were announced. Dick's stock was up 11.62 percent from the last closing price to US$127.68 at 8:10 am ET on August 25. And Express Inc. shares were up 7.99 percent to US$7.84 at 8:14 am ET.
Here we explore the performance of the two companies in the second quarter.
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Dick's Sporting Goods Inc (NYSE:DKS)
The net sales of the American sporting goods retailer in Q2 2021 rose by 20.7 percent YoY to US$3.27 billion. Its consolidated net income was US$495.5 million, or US$4.53 per diluted share, compared to US$276.8 million, or US$3.12 per diluted share, in the year-ago quarter.
On a non-GAAP basis, the company’s consolidated net income was US$501.2 million or US$5.08 per diluted share. Its gross profit came in at US$1.3 billion. In addition, the firm has also raised its full-year earnings. It expects earnings in the range of US$11.00 to US$11.45 per share and adjusted earnings around US$12.45 to US$12.95 per share.
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The market cap of this Pennsylvania-based company is US$10.21 billion. The P/E ratio is 10.81, and the forward P/E one year is 12.60. The EPS is US$10.58. The DKS stock rose 104.19 percent YTD.
The highest and the lowest stocks prices of the company for the past 52 weeks were US$116.20 and US$45.57. Its share volume on August 24 was 2,832,305.
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Source: pixabay
Express, Inc. (NYSE:EXPR)
The company’s net sales in Q2, 2021, surged 86 percent YoY to US$458 million. Its operating income came in at US$14.8 million compared to a loss of US$136.3 million in Q2, 2020.
The company reported a net income of US$10.6 million, or US$0.15 per diluted share, compared to a net loss of US$107.8 million, or a loss of US$1.67 per diluted share in the same quarter of the previous year. On an adjusted basis, its net income came in at US$1.7 million, or US$0.2 per diluted share in Q2, 2021.
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The market cap of this Ohio-based company is US$481.3 million, and the forward P/E one year is -10.52. The EPS is US$-4.58. The stock value of EXPR jumped 676.8 percent YTD.
The highest and the lowest stocks prices of the company for the past 52 weeks were US$13.97 and US$0.57. Its share volume on August 24 was 11,643,240.
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Bottom line
Most retail companies have reported notable gains in the June quarter as consumer spending increased significantly post covid limitations. In addition, the ease of pandemic restrictions and rapid vaccinations helped the sector to register gains.
