Dick's Sporting Goods Inc DKS saw its shares decline in early trading on Wednesday, despite the company announcing positive results for the fourth quarter.
In light of economic uncertainty, Dick's Sporting Goods believes that its customers will continue to engage in sports. On Tuesday, March 11, the retailer announced its quarterly earnings, revealing a record 6.4% rise in comparable sales.
DICK'S Sporting Goods, Inc. shares are currently available at a lower price, making it an attractive buying option because of its steady growth and impressive earnings in the fourth quarter, even in a tough market. The company achieved $3.89 billion in sales, exceeding expectations by $120 million, and its net income is also increasing. Additionally, comparable same-store sales grew by 6.4%, thanks to strong demand, innovative store ideas, and a rise in online sales, all backed by a solid financial position.
Dick's Sporting Goods Inc. (NYSE:DKS) will hold its Q4 2024 Earnings Conference Call on March 11, 2025, at 8:00 AM ET. The call will feature company leaders, including President and CEO Lauren Hobart and CFO Navdeep Gupta, along with various analysts from major financial firms. The operator, Krista, will guide the participants through the conference.
Jim Cramer explains why he is monitoring the stock of Dick's Sporting Goods closely.
Seth Basham believes that Dick's Sporting Goods (DKS) has the potential for growth after its recent earnings report. He also mentions that, similar to other retailers, the overall economic situation and upcoming tariffs could pose challenges.
This week, attention is on retail earnings as we approach the consumer confidence data being released on Friday.
On Tuesday, shares of Dick's Sporting Goods (DKS) fell after the athletic equipment retailer announced its full-year predictions, which were mostly lower than expected due to a "changing economic situation."
Dick's Sporting Goods (DKS) reported quarterly earnings of $3.62 per share, which is higher than the Zacks Consensus Estimate of $3.49 per share. This is a decrease compared to last year's earnings of $3.85 per share.
On Tuesday, March 11, Dick's Sporting Goods (DKS -1.51%) announced its fourth-quarter earnings, which were better than what analysts had predicted. The adjusted earnings per share (EPS) reached $3.62, surpassing the expected $3.52, and the Q4 revenue was $3.89 billion, exceeding the forecast of $3.78 billion.