cnbc.com_2 on Nostr: Bullet points of Dick's Sporting Goods blows past earnings estimates but issues ...

Bullet points of Dick's Sporting Goods blows past earnings estimates but issues cautious guidance ahead of 2024 election
- Dick's Sporting Goods reported earnings per share of $4.37, beating Wall Street's expectations of $3.83.
- The company's revenue rose 8% to $3.47 billion, driven by a 4.5% increase in comparable sales.
- Dick's raised its full-year guidance, expecting diluted earnings per share to be between $13.55 and $13.90.
- The company's guidance fell short of analysts' expectations, with the low end of the range missing the expected $13.79.
- Dick's maintained its sales guidance of $13.1 billion to $13.2 billion, which also fell short of analysts' expectations.
- The company raised its projections for comparable sales growth, expecting a range of 2.5% to 3.5%.
- Dick's was the victim of a cyberattack, which it disclosed in a securities filing, but said it didn't disrupt business operations.
- The company's earnings beat was a departure from a string of other retailers that issued muted or cautious guidance for the back half of the fiscal year.