Dick's Sporting Goods stock surges over 15% after strong first-quarter earnings, raised guidance.

From Investing.com: 2024-05-29 09:58:02

Dick’s Sporting Goods stock surged over 15% after reporting strong first-quarter earnings, with adjusted EPS of $3.30 and revenue of $3.02 billion, surpassing expectations. Comparable sales growth of 5.3% was fueled by increased transactions and average ticket size, positioning the company as a premier sports destination. Management raised full-year guidance, anticipating EPS between $13.35 to $13.75 and revenue between $13.1 billion to $13.2 billion. The company declared a quarterly dividend of $1.10 per share. Analysts noted a strong beat in comps and profit, emphasizing Dick’s momentum and ability to gain market share in a challenging consumer environment.



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