A Dick’s Sporting Goods store
Craig Warga | Bloomberg | Getty Images
Dick’s Sporting Goods on Tuesday topped Wall Street’s fourth-quarter estimates, as shoppers continued to buy equipment and apparel for outdoor activities and home workouts during the pandemic.
Shares plummeted by nearly 7% in premarket trading, however, as the company forecast that sales trends will likely slow.
The sporting goods retailer estimated that same-store sales could decline as much as 2% or grow by as much as 2% in the year ahead, a significant drop from same-store sales growth of nearly 10% in fiscal 2020. It estimated net sales for the year ahead will range between $9.54 billion and $9.94 billion, flat or…