Dick’s boosts outlook for the year amid strong quarterly results
For the full year, Dick’s now expects adjusted earnings per share to be between $10 and $12
Dick’s Sporting Goods Inc (NYSE: DKS) boosted its financial outlook for the year as it reported quarterly earnings that topped estimates.
For the full year, Dick’s now expects adjusted earnings per share to be between $10 and $12, higher than its previous forecast of $9.15 and $11.70.
For the quarter ended July 30, the company posted revenue of $3.11 billion, compared to expectations of $3.07 billion. Dick’s earnings per share stood at $3.68 for the quarter, higher than estimates of $3.58, according to Refinitiv.
Net sales of the company, though, fell 5% from a year ago while comparable store sales declined 5.1%.
Picture Credits: Getty Images
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