Dick's Sporting Goods blows past earnings estimates but issues cautious guidance ahead of 2024 election
Publishing timestamp: 2024-09-04 10:02:27
Summary
Dick's Sporting Goods beat earnings estimates, raised full-year outlook, but new guidance fell short of expectations. Comparable sales grew, but company's earnings guidance was slightly below analyst expectations. Dick's also disclosed a cyberattack but said it didn't disrupt business operations. Retailers, including Dick's, are preparing for potential slowdown in consumer spending ahead of the presidential election.
Sentiment: MIXED
Keywords: walmart inc, earnings, business news, dick's sporting goods inc, target corp, retail industry, breaking news: business, breaking news: earnings, business,
Source: https://www.cnbc.com/2024/09/04/dicks-sporting-goods-dks-earnings-q2-2024.html