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Dick’s Earnings and Sales Blast Past Forecasts, Names New CEO

November 24, 2020

Dick’s Sporting Goods announced that its board of directors unanimously elected president Lauren Hobart to the post of CEO, effective Feb. 1. Dick’s also posted stronger-than-anticipated quarter: For the three months ended Oct. 31, it logged profits of $182.2 million, or earnings of $2.01 per share, compared with the prior year’s profits of $44.8 million, or earnings of 52 cents per share. Revenues also increased 22.9% to $2.41 billion, while market watchers predicted $2.23 billion. Footwear News