.September 4, 2024 11:41 AM

Dick’s Sporting Goods (NYSE:DKS) shares fell over 7% today despite beating earnings and revenue expectations for Q2 and raising its full-year forecast for fiscal 2025. The retailer reported EPS of $4.37, above the estimated $3.83, with revenue hitting $3.47 billion, slightly surpassing the projected $3.44 billion. The company’s gross margin was 36.7%, higher than the expected 35.8%, and comparable sales grew by 4.5%, beating the estimated 3.48%. Dick’s Sporting Goods raised its full-year EPS forecast to $13.55-$13.90 and revenue forecast to $13.1-$13.2 billion for fiscal 2025, with comparable sales growth projected at 2.5%-3.5%.