Dick’s Sporting Goods Earnings, Year Forecast Top Estimates
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Dick’s Sporting Goods Inc. beat analysts’ estimates for the fourth quarter and gave a full-year profit outlook ahead of projections, suggesting demand for athletic gear and apparel remains strong even as consumers retreat from other discretionary categories.
The largest US sporting-goods retailer said it expects to report earnings of $12.90 to $13.80 a share for the year ending in January 2024, excluding some items and including 20 cents for a 53rd week. Analysts expected $12.03 a share.