Shares of Dick's Sporting Goods (NYSE: DKS) popped today after the company reported results for its first-quarter 2021 period ended May 1. As of 2:50 p.m. EDT, Dick's shares were up 16.2% compared to Tuesday's closing price.
Dick's reported net sales soared 119% versus the prior-year period and even increased 52% compared to Q1 2019 -- a period when there were no pandemic-related impacts. Revenue of $2.92 billion beat analyst expectations of $2.18 billion, according to Refinitiv. The company also trounced bottom-line estimates with adjusted earnings of $3.79 per diluted share.
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Why Dick's Sporting Goods Stock Scored Today