Shares of Dick's Sporting Goods soar 15% on holiday earnings beat, dividend raise
Publishing timestamp: 2024-03-14 13:07:32
Summary
Dick's Sporting Goods reported strong holiday sales and earnings, raising its dividend by 10% and projecting another year of growth. The company's shares jumped more than 15% in intraday trading. Earnings per share and revenue came in well ahead of Wall Street's expectations, with same-store sales rising 2.8% in the quarter. Dick's expects earnings per share and revenue to continue growing in fiscal 2024, but anticipates challenges in the current quarter related to shrink.
Sentiment: POSITIVE
Tickers: DKS,
Keywords: breaking news: earnings, business news, dividends, dick's sporting goods inc, earnings, retail industry, breaking news: business, business,
Source: https://www.cnbc.com/2024/03/14/dicks-sporting-goods-dks-earnings-q4-2023.html