Dick's Sporting Goods shares jump after retailer hikes outlook as it bounces back from theft woes
Publishing timestamp: 2023-11-21 09:45:34
Summary
Dick's Sporting Goods raised its full-year outlook after previously lowering it due to theft concerns. The company reported strong sales and profit in the fiscal third quarter, beating Wall Street's estimates. Dick's shares opened more than 9% higher after the news. The company now projects higher earnings per share for the full year and raised its comparable sales outlook slightly. However, it still falls below the original outlook set earlier this year. Dick's appears cautious entering the holiday season, reflecting concerns about tepid demand. Despite this, the company remains optimistic and excited for the upcoming holiday season.
Sentiment: POSITIVE
Keywords: earnings, berkshire hathaway inc, dick's sporting goods inc, business, breaking news: business, business news, retail industry, breaking news: earnings,
Source: https://www.cnbc.com/2023/11/21/dicks-sporting-goods-dks-earnings-q3-2023.html