Dick's Sporting Goods Q1 Earnings: Revenue Growth, Net Store Closures And Hike In Profit Outlook
Portfolio Pulse from Shivani Kumaresan
Dick's Sporting Goods Inc (NYSE:DKS) reported better-than-expected Q1 FY24 earnings, with sales growth of 6.2% year-on-year to $3.02 billion and an adjusted EPS of $3.30. The company raised its full-year EPS outlook to $13.35 – $13.75 and net sales guidance to $13.1 billion – $13.2 billion. DKS shares are trading higher by 7.21% premarket.
May 29, 2024 | 12:18 pm
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Dick's Sporting Goods reported strong Q1 FY24 earnings, surpassing expectations with a 6.2% sales growth and an adjusted EPS of $3.30. The company raised its full-year EPS and net sales outlook, leading to a 7.21% increase in premarket trading.
The strong Q1 earnings report, along with raised full-year guidance, indicates positive financial health and growth prospects for Dick's Sporting Goods. This has led to a significant increase in premarket trading, suggesting a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
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