DKS - Dick's Sporting Goods Analysts Increase Their Forecasts After Strong Earnings | Benzinga
Dick's Sporting Goods Inc (NYSE:DKS) reported better-than-expected first-quarter FY24 earnings and raised the outlook on Wednesday.
The company reported first-quarter FY24 sales growth of 6.2% year-on-year to $3.02 billion, beating the analyst consensus estimate of $2.94 billion, according to data from Benzinga Pro.
Comparable store sales increased 5.3% versus a 3.6% growth a year ago. Adjusted EPS of $3.30 beat the analyst consensus estimate of $2.95.
The company’s Board of Directors declared a quarterly dividend of $1.10 per share, payable in cash on June 28 to stockholders of record on June 14.
“Our strong first quarter results continue to prove that DICK’S ...