Cars are seen parked in front of a Dick’s Sporting Goods store at Monroe Marketplace in Pennsylvania.
Paul Weaver | SOPA Images | LightRocket | Getty Images
Dick’s Sporting Goods shares fell Tuesday despite the company reporting fiscal third-quarter earnings that outpaced analysts’ expectations, which led the sporting goods giant to hike its annual forecast.
The drop comes as Dick’s stock has been on a tear, rising nearly 150% year to date as of market close on Monday. Shares fell about 3% before the market opened Tuesday, following the earnings release.
Dick’s Chief Executive Lauren Hobart said that consumer demand remained strong after the summer season and back-to-school rush, and that…