Dick's Sporting Goods smashes same-store sales expectations for holiday quarter
Publishing timestamp: 2023-03-07 11:34:40
Summary
Dick's Sporting Goods reported fourth-quarter earnings and revenue that beat analyst's expectations. Same-store sales increased 5.3%, more than double analysts' estimates of 2.1%. The company also posted full-year guidance for 2023 that was above what analysts had anticipated. The CEO attributed the strong performance to a shift in consumer behavior towards prioritizing fitness. The company is also planning to expand its "House of Sport" stores in the coming year.
Sentiment: POSITIVE
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Source: https://www.cnbc.com/2023/03/07/dicks-sporting-goods-dks-q4-2022-earnings.html