Karishma Vanjani
Dick's Sporting Goods' disappointing financial outlook overshadowed strong fiscal-fourth-quarter earnings. Shares are sliding in Tuesday premarket trading.
The Pittsburgh-based retailer reported earnings of $3.62 a share for the quarter ended Feb. 1, topping the consensus estimate for $3.52, according to FactSet. Net sales for the quarter were $3.894 billion, also topping the $3.77 billion estimate.
Guidance fell short. For the fiscal year that will end around Feb. 1, 2026, the company expects earnings per share of $13.80 to $14.40, below the consensus estimate for $14.82. The midpoint of sales guidance for $13.6 billion to $13.9 billion also missed estimates for $13.89 billion.
"For 2025, our outlook reflects strong confidence in our strategies and operational strength while acknowledging the dynamic macroeconomic environment," Dicks said in the earnings release.
The stock was down 4.8% to $200.93 in premarket trading on Tuesday.
Write to Karishma Vanjani at karishma.vanjani@dowjones.com
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(END) Dow Jones Newswires
March 11, 2025 08:11 ET (12:11 GMT)
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