Wednesday, November 16, 2016

Dick’s Sporting Goods tops Q3 estimates but gives weak guidance

Dick's Sporting Goods Inc. on Tuesday reported better-than-expected sales and earnings for its fiscal third quarter but tempered its good news with a weak outlook for the fourth quarter. 
 
Dick’s posted net income of $48.9 million for the quarter ended Oct. 31, up from $47.2 million in the year-ago period.
 
Revenue rose 10.2% to $1.81 billion in the period. Consolidated same-store sales rose 5.2%. Online sales in the quarter represented 9.6% of total net sales, compared to 8.0% last year.. . . more

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