Dick’s net sales increase 6%, leading to improved full-year outlook

May 29, 2024

Dick’s Sporting Goods reported net sales increased 6.2% year-over-year and raised its full-year outlook.

Net sales for the quarter ending May 4 were $3.02 billion, compared with $2.84 billion at the same time last year.

Net income for the quarter was $275 million, down 10% year-over-year from $305 million. Earnings per share dropped 3%, from $3.40 to $3.30.

The yearly outlook for comparable sales growth was raised to 2%-3%, up from 1%-2%. Full-year earnings per diluted share guidance was increased from $12.85 -$13.25 to $13.35-$13.75. Bicycle Retailer