Retail

Dick’s Sporting Goods (DKS) Q1 2021 earnings beat

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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…



Source cnbc.com

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