Wednesday, November 15, 2017

Dick’s Q3 tops estimates; issues weak 2018 outlook on business investments

Dick’s Sporting Goods topped Street expectations in its third quarter, but forecast a big drop in profit next year based as its makes significant investments in e-commerce and other parts of its business.

Net sales increased 7.4% to approximately $1.94 billion, also better than expected. E-commerce sales increased about 16%, accounting for 10.3% of total sales. Consolidated same-store sales decreased 0.9%.. . . more

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