Earnings

Dick’s Sporting Goods (DKS) Q4 2022 earnings

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A Dick’s Sporting Goods store stands in Staten Island on March 09, 2022 in New York City.

Spencer Platt | Getty Images

Dick’s Sporting Goods on Tuesday reported holiday quarter results that beat Wall Street’s expectations, citing a sales boost from the gift-giving season even with inflation-weary consumers.

Same-store sales increased 5.3% during the fourth quarter, more than double analysts’ estimates of 2.1%, according to StreetAccount. That metric measures sales online and in stores open for 14 months or more.

The sporting good retailer’s performance has stayed resilient in the face of an inflationary macroenvironment and industry-wide inventory struggles. It said Tuesday that even amid…



Source cnbc.com

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