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Nov. 23, 2021, 7:52 a.m. EST

Dick's Sporting Goods stock rises after earnings beat, guidance raised

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By Tonya Garcia

Dick's Sporting Goods Inc. /zigman2/quotes/200566298/composite DKS +1.13% stock rose 1.4% in Tuesday premarket trading after the sporting goods retailer reported third-quarter earnings that beat expectations and raised its full-year profit guidance. Net income totaled $316.5 million, or $2.78 per share, up from $177.2 million, or $1.84 per share, last year. Adjusted EPS of $3.19 blew past the FactSet consensus for $2.06. Sales of $2.75 billion were up from $2.41 billion last year and also ahead of the FactSet consensus for $2.51 billion. Same-store sales grew 12.2%, well ahead of the FactSet consensus for 3.5% growth. "Our fourth quarter is off to a strong start," said Chief Executive Lauren Hobart in a statement. Dick's expects full-year sales of $12.12 billion to $12.19 billion, comparable sales growth of 24% to 25%, EPS of $12.88 to $13.06 and adjusted EPS of $14.60 to $14.80. the FactSet consensus is for sales of $11.04 billion, comparable sales growth of 22.2% and EPS of $12.40. Dick's stock has soared 149.6% for the year to date while the S&P 500 index /zigman2/quotes/210599714/realtime SPX +2.43% has gained 24.7% for the period.

/zigman2/quotes/200566298/composite
US : U.S.: NYSE
$ 113.19
+1.27 +1.13%
Volume: 1.78M
Jan. 28, 2022 4:00p
P/E Ratio
8.74
Dividend Yield
1.55%
Market Cap
$9.69 billion
Rev. per Employee
$240,849
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/zigman2/quotes/210599714/realtime
US : S&P US
4,431.85
+105.34 +2.43%
Volume: 2.91B
Jan. 28, 2022 4:54p
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