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Nov. 26, 2019, 7:54 a.m. EST

Dick's Sporting Goods stock soars 13% after better-than-expected earnings and sales

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By Tonya Garcia

Dick's Sporting Goods Inc. /zigman2/quotes/200566298/composite DKS -2.46% stock soared nearly 13% in Tuesday premarket trading after the athletic retailer reported third-quarter earnings and sales that beat expectations. Net income totaled $57.6 million, or 66 cents per share, up from $37.8 million, or 39 cents per share, last year. Adjusted EPS of 52 cents beat the FactSet consensus for 38 cents. Sales of $1.96 billion were up from $1.86 billion last year and ahead of the FactSet guidance for $1.92 billion. E-commerce sales were up 13%. Same-store sales rose 6%, which the company says is the best showing since 2013. The FactSet outlook was for 2.9% growth. Dick's Sporting Goods now expects full-year EPS of $3.63 to $3.73 and adjusted EPS of $3.50 to $3.60. Same-store sales are expected to grow 2.5% to 3%. The FactSet estimate is for EPS of $3.40 and same-store sales growth of 2.2%. The company is doing a strategic review of its hunting business, including the Field & Stream chain of stores. Dick's Sporting Goods stock has gained 26.4% for the year to date while the S&P 500 index /zigman2/quotes/210599714/realtime SPX -1.05% is up 25%.

/zigman2/quotes/200566298/composite
US : U.S.: NYSE
$ 42.36
-1.07 -2.46%
Volume: 1.92M
Feb. 21, 2020 6:30p
P/E Ratio
11.74
Dividend Yield
2.60%
Market Cap
$3.82 billion
Rev. per Employee
$186,650
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/zigman2/quotes/210599714/realtime
US : S&P US
3,337.75
-35.48 -1.05%
Volume: 2.12B
Feb. 21, 2020 5:16p
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