The post Dick’s Sporting Goods (DKS) earnings Q3 2024 appeared on BitcoinEthereumNews.com.

The Dick’s Sporting Goods logo is displayed on the floor of a store on September 04, 2024 in Daly City, California.  Justin Sullivan | Getty Images Dick’s Sporting Goods raised its full-year guidance on Tuesday after what CEO Lauren Hobart called an “excellent” back-to-school shopping season and better-than-expected comparable sales for its third quarter.  The sporting goods giant is now expecting fiscal 2024 same-store sales to grow between 3.6% and 4.2%, up from a previous range of 2.5% to 3.5%. That’s ahead of the 3.4% growth that Wall Street analysts had expected, according to StreetAccount.  Dick’s beat expectations on the top and bottom lines, and its rosy guidance indicates its planning for a strong holiday shopping season after issuing cautious guidance earlier this year ahead of the 2024 election. The company’s shares were up more than 8% in premarket trading Tuesday. Here’s how the retailer did in its fiscal third quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG: Earnings per share: $2.75 adjusted vs. $2.68 expected Revenue: $3.06 billion vs. $3.03 billion expected Dick’s reported net income for the three-month period that ended Nov. 2 of $228 million, or $2.75 per share, compared with $201 million, or $2.39 per share, a year earlier.  Sales rose to $3.06 billion, up slightly from $3.04 billion a year earlier. “We are very proud of our Q3 results and our performance year-to-date. Our third quarter comp sales grew 4.2%, driven by a continued focus on our strategic pillars and great execution from our team,” Hobart said in a news release. “As a result of our strong performance in the quarter and the continued confidence we have in our business, we are again raising our full year outlook. We believe our differentiated product, quality service and powerful…

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Filed under: News - @ November 26, 2024 2:21 pm