Dick's Sporting Goods (DKS) stock surges on raised outlook, BofA upgrades to Buy

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Go back to Dick's Sporting Goods (DKS) stock surges on raised outlook, BofA upgrades to Buy

DICK'S Sporting Goods Reports First Quarter Results; Raises 2024 Outlook

May 29, 2024 7:00 AM EDT

Delivers Net Sales of $3.02 Billion, Up 6.2% Versus the Prior Year

Delivers Double-Digit EBT Margin of 11.3%

Delivered 5.3% comparable sales growth, driven by growth in transactions and average ticket

Reported earnings per diluted share of $3.30 with 4% EBT growth

Raises full year 2024 guidance for comparable sales growth to a range of 2.0% to 3.0%, up from 1.0% to 2.0% previously

Raises full year 2024 earnings per diluted share guidance to a range of $13.35 to 13.75, up from $12.85 to... More