Reported 4 months ago
Dick's Sporting Goods shares surged after the company raised its full-year earnings outlook following better-than-expected first-quarter results, with Executive Chairman Ed Stack emphasizing the retailer's momentum and unique product offerings. The retailer's stock rose nearly 10% in pre-market trading due to increased transactions and successful turnaround efforts led by CEO Lauren Hobart, including store renovations and new experiential concepts like House of Sport locations. Dick's now expects comp sales to rise 2-3% for the year with EPS between $3.30-$3.35 to $3.75. The company's demand profile and strong product pipeline from brand partners are driving consumer interest, with a focus on innovative products like those showcased at Nike's recent Paris Innovation Summit.
Source: YAHOO