Dick's Sporting Goods Boosts Outlook Amid Strong Earnings and Stock Surge
Dick's Sporting Goods has raised its full-year guidance following a strong back-to-school shopping season and better-than-expected third-quarter sales. The company now anticipates fiscal 2024 same-store sales growth between 3.6% and 4.2%, surpassing Wall Street's expectations. Dick's reported third-quarter earnings per share of $2.75 and revenue of $3.06 billion, both exceeding analyst predictions. The retailer is optimistic about the upcoming holiday season, projecting fiscal 2024 sales between $13.2 billion and $13.3 billion and earnings per share between $13.65 and $13.95.