The post Dick’s Sporting Goods (DKS) earnings Q2 2024 appeared on BitcoinEthereumNews.com.

A Dick’s Sporting Goods store at the Los Cerritos Center shopping mall on February 21, 2024 in Cerritos, California.  Kirby Lee | Getty Images News | Getty Images Dick’s Sporting Goods on Wednesday blew past Wall Street’s earnings estimates in its fiscal second quarter and while the retailer did raise its full-year guidance as a result, the new outlook fell flat up against expectations.  The sporting goods store comes behind a string of other retailers that issued muted or cautious guidance for the back half of the fiscal year as companies prepare for the presidential election in November and what some fear could lead to a slowdown in consumer spending.  Here’s how Dick’s did compared with what Wall Street was anticipating, based on a survey of analysts by LSEG: Earnings per share: $4.37 vs. $3.83 expected Revenue: $3.47 billion vs. $3.44 billion expected The company’s reported net income for the three-month period that ended Aug. 3 was $362 million, or $4.37 per share, compared with $244 million, or $2.82 per share, a year earlier.  Sales rose to $3.47 billion, up about 8% from $3.22 billion a year earlier. Comparable sales climbed 4.5% — ahead of the 3.6% that analysts had expected, according to StreetAccount. In a statement, CEO Lauren Hobart said comparable sales were driven by both transactions and tickets — indicating more people are coming to Dick’s stores and spending more while they’re there. For fiscal 2024, Dick’s is now expecting diluted earnings per share to be between $13.55 and $13.90, up from previous guidance of $13.35 to $13.75 per share. At the midpoint, Dick’s only raised its earnings guidance by about 18 cents, even though its fiscal second-quarter earnings came in 54 cents higher than expected. At the low end, Dick’s earnings guidance falls a bit short of…

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Filed under: News - @ September 4, 2024 12:21 pm