Key Takeaways
- Dick's Sporting Goods topped first-quarter estimates on Wednesday, and affirmed its full-year outlook.
- Comparable store sales rose by 4.5%, above the 3.65% consensus of analysts polled by Visible Alpha.
- The results come weeks after the retailer announced a deal to acquire Foot Locker in a $2.4 billion deal.
Dick's Sporting Goods (DKS) on Wednesday reported better first-quarter results than analysts had expected, weeks after shaking up the retail landscape with its 澳洲幸运5官方开奖结果体彩网:acquisition of Foot Locker (FL).
The sports retailer reported adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $3.37 on net sales that rose 5% year-over-year to $3.18. Analysts polled by Visible Alpha had projected $3.28 and $3.15 billion, respectively. The adjusted EPS figure and the reported comparable store sales growth 4.5% were in line with the preliminary results Dick's released May 15 when it announced the roughly $2.4 billion Foot Locker deal.
The company kept its full-year outlook steady, but noted that it does not include costs or benefits from the Foot Locker acquisition, which is expected to close in the second half of 2025. 澳洲幸运5官方开奖结果体彩网:Last quarter, Dick's sai💫d it expected 2025 sales between $13.6 billion and $13.9 billion with a 🌳1% to 3% comparable store sales gain, and EPS between $13.80 and $14.40.
CEO Lauren Hobart said affirming the full-year outlook "reflects our strong start to the year and confidence in our strategies and operational strength while still acknowledging the dynamic macroeconomic environment."
Shares, which entered⛎ Wednesday down 24% this year, were up 2% shortly after ma🐈rkets opened.
UPDATE—This article has been updated with the latest share price information.