Mannequins stand next to merchandise displayed for sale at a Dick’s Sporting Goods store in West Nyack, New York.
Craig Warga | Bloomberg | Getty Images
Dick’s Sporting Goods reported Wednesday fiscal first-quarter earnings and sales that topped analyst estimates, saying kids returning to team sports boosted sales.
Dick’s also raised its full-year financial outlook, citing building momentum.
Shares jumped more than 6% on the news in premarket trading.
Here’s how Dick’s did for the period ended May 1, compared with what analysts were anticipating, using Refinitiv estimates:
- Earnings per share: $3.79 adjusted vs. $1.12 expected
- Revenue: $2.92 billion vs. $2.18 billion expected
Dick’s net income…