Wednesday, November 27, 2019

Dick's Sporting Goods Kicks It in Third Quarter, Shares Surge

The Street
Dick's Sporting Goods on Tuesday reported third-quarter earnings and revenue that blew past analysts' forecasts and also raised its guidance for the fourth quarter amid stronger foot traffic and sales of its bigger-ticket items.

The sporting goods chain posted net income of $44.8 million vs. $37.8 million in the comparable year-earlier period.  Sales came in at $1.96 billion, above consensus forecasts of $1.91 billion.

Same-store sales jumped 6%, driven by increases in both average ticket and transactions, representing the company's strongest quarterly comparable sales gain since 2013. . . . more