Dick’s Sporting Goods Names Lauren Hobart as Next CEO
- Longtime chief Ed Stack to become executive chairman
- Shares decline after company says warm weather slows sales
Photographer: Rebecca Hoolahan/Dick’s Sporting Goods
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Dick’s Sporting Goods Inc. named Lauren R. Hobart as its next chief executive officer, putting her among the rare women to lead a large corporation.
The sporting-goods retailer also released third-quarter earnings Tuesday, reporting an adjusted profit of $2.01 a share. That topped analysts’ estimate of $1.05, as compiled by Bloomberg. Same-store sales surged 23%.