Tuesday, March 7, 2023

DICK'S Sporting Q4 Results Top Estimates; Doubles Dividend

Sporting goods retailer DICK'S Sporting Goods Inc. (DKS) reported Tuesday that profit for the fourth quarter decreased 32 percent from last year, hurt by lower gross margins despite a 7.3 percent net sales growth. Adjusted earnings per share and quarterly net sales topped analysts' estimates. The company also initiated earnings and consolidated same store sales guidance for the full-year 2023.

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