Dick’s Sporting Goods Posts Quarterly Earnings Beat but Outlook Suggests Slower Sales in 2021
March 9, 2021
Dick’s Sporting Goods Inc. logged better-than-expected fourth-quarter financial results but provided an outlook that suggested a slowdown in sales for the year ahead.
For the three months ended Jan. 30, the Coraopolis, Penn-based retailer recorded profits of $225 million, or earnings of $2.43 per share, versus the prior year period’s profits of $113.3 million, or earnings of $1.32 per share. Wall Street had predicted earnings of $2.28 per share. Revenues grew 19.8% to $3.13 billion, beating analysts’ estimates of $3.07 billion. Footwear News