Dick's Sporting Goods Tops Q1 FY23 Sales Estimates; Store Sales See Notable Increase
Portfolio Pulse from Shivani Kumaresan
Dick's Sporting Goods (NYSE:DKS) reported Q1 FY23 sales growth of 5.3% YoY to $2.84 billion, beating the analyst consensus estimate of $2.80 billion. Comparable store sales increased 3.4% and adjusted EPS of $3.40 beat the analyst consensus of $3.18. The company's Board declared a quarterly dividend of $1 per share.
May 23, 2023 | 1:05 pm
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Dick's Sporting Goods reported better-than-expected Q1 FY23 sales and adjusted EPS, with a 5.3% YoY sales growth and a 3.4% increase in comparable store sales. The stock is trading higher by 2.45% in premarket.
Dick's Sporting Goods reported better-than-expected Q1 FY23 sales and adjusted EPS, which is likely to have a positive impact on the stock price in the short term. The 5.3% YoY sales growth and 3.4% increase in comparable store sales indicate a strong performance, and the stock is already trading higher by 2.45% in premarket.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100