A Dick’s Sporting Goods store
Craig Warga | Bloomberg | Getty Images
Dick’s Sporting Goods shares rose on Wednesday after the retailer reported sales growth of 21% in the fiscal second quarter and raised its outlook for the year.
Shares were up about 11% in premarket trading.
The big-box retailer’s sales have soared during the pandemic, as customers have bought workout clothes, sneakers, golf clubs and other outdoor equipment. Sales in the second quarter were 45% higher than the second quarter of 2019.
Here’s what the company did for its fiscal second quarter ended July 31 compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
- Earnings per share: $5.08…