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Dick’s Sporting Goods Posts Strong Q2 Earnings Amid Foot Locker Acquisition
Dick’s Sporting Goods Posts Strong Q2 Earnings Amid Foot Locker Acquisition
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BTCCSquare news:
Dick’s Sporting Goods (NYSE: DKS) reported fiscal Q2 earnings that surpassed analyst expectations, with adjusted EPS of $4.38 against a forecast of $4.32. Revenue climbed 5% year-over-year to $3.65 billion, edging past the $3.63 billion consensus. Comparable sales growth of 5% significantly outperformed the anticipated 3.2%, driven by strategic execution and category expansion.
The retailer raised its full-year guidance, now projecting COMP sales growth of 2%-3.5% and EPS between $13.90 and $14.50. Its $2.4 billion acquisition of Foot Locker, set to close September 8, aims to solidify dominance in athletic footwear. Despite the beat, shares dipped 1.48% to $212.00 in early trading.
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