Consumer
Dick’s Sporting Up Most Since 2020 on Strength in Demand
- Comparable-store sales far outpace analysts’ estimates
- Company plans more investment in stores and e-commerce
A Dick's's Sporting Goods store in Pleasant Hill, California, US.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Dick’s Sporting Goods Inc. reported sales that surpassed analysts’ expectations, spurred by strong demand for sports gear.
Comparable-store sales, a key retail metric, rose 2.8% for the quarter ended Feb. 3, much higher than the 0.8% predicted by Wall Street.