Dick’s Boosts Forecast Again While Cautioning on Economy
- Sporting-goods retailer attracted more shoppers last quarter
- Dick’s had slashed its sales, profit outlook earlier this year
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Dick’s Sporting Goods Inc. boosted its outlook for a second-straight quarter while missing analyst estimates on gross margin.
Comparable-store sales are now expected to fall 1.5% to 3% this year, up from the prior forecast for a decline of as much as 6%. Earnings excluding some items are now seen in a range of $11.50 to $12.10, compared with a low of $10 previously.