From CNBC: 2024-11-26 07:07:34

Dick’s Sporting Goods raised its full-year guidance after a successful back-to-school season. The company expects same-store sales to grow between 3.6% and 4.2%, beating Wall Street’s expectations. In the third quarter, Dick’s reported earnings per share of $2.75 and revenue of $3.06 billion, exceeding analyst estimates. The strong performance led to a raise in full-year sales and earnings guidance.

During the quarter, Dick’s saw a 4.2% increase in comparable sales, driven by strong back-to-school shopping. The company outperformed expectations and did not face issues like unseasonably warm weather impacting sales. As a result, Dick’s raised its full-year sales and earnings guidance for fiscal 2024, expecting sales between $13.2 billion and $13.3 billion, and earnings per share between $13.65 and $13.95.



Read more at CNBC:: Dick’s Sporting Goods (DKS) earnings Q3 2024