DICK'S Sporting Boosts FY24 Outlook; Stock Up 7% - Update

Dick's Sporting Goods

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Kaufen / Verkaufen

(RTTNews) - While reporting financial results for the third quarter on Tuesday, sporting goods retailer DICK'S Sporting Goods Inc. (DKS) raised its earnings, net sales and consolidated same store sales growth guidance for the full-year 2024.

For fiscal 2024, the company now projects earnings in a range of $13.65 to $13.95 per share on net sales between $13.2 billion and $13.3 billion, with consolidated same store sales growth of 3.6 to 4.2 percent.

Previously, the company expected earnings in the range of $13.55 to $13.90 per share on net sales between $13.1 billion and $13.2 billion, with consolidated same store sales growth of 2.5 to 3.5 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $13.88 per share on net sales of $13.25 billion for the year. Analysts' estimates typically exclude special items.

On Monday, the Company's Board of Directors authorized and declared a quarterly dividend in the amount of $1.10 per share on the Company's common stock and Class B common stock, payable in cash on December 27, 2024 to stockholders of record at the close of business on December 13, 2024.

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