Dick's Sporting Goods stock surges 15%, as retailer says shoppers are spending more on sneakers, apparel and athletic gear
Publishing timestamp: 2024-05-29 10:49:42
Summary
Dick's Sporting Goods raised its full-year guidance after strong sales of new sneakers and athletic gear, with comparable sales growing 5.3%. The company's performance reflects a positive trend in consumer spending on apparel and footwear, with other retailers also reporting positive comparable sales. This indicates that consumers are willing to spend on non-essential items from big brands.
Sentiment: POSITIVE
Tickers: SCVL, AEO, DKS, GPS, NKE, TGT, ADS-FF, TJX, URBN, ONON, RL, ADS-DE, FL, UNDEFINED, ROST, DECK, ANF,
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Source: https://www.cnbc.com/2024/05/29/dicks-sporting-goods-dks-earnings-q1-2024.html