Dick's Sporting Goods Stock Soars on Strong Earnings and Raised Outlook

Dick's Sporting Goods reported a 16% surge in stock price as customers increased spending on sneakers, apparel, and athletic gear, leading the retailer to raise its full-year earnings guidance. The company's comparable sales grew 5.3% in the fiscal first quarter, driven by higher transaction volumes and increased average ticket values. Despite a cautious outlook for the rest of the year, Dick's expects full-year earnings per share to be between $13.35 and $13.75, up from previous estimates.