Dick’s Sporting Goods (NYSE:DKS) delivered better-than-expected results for its second quarter on Wednesday, posting record sales and raising its outlook for the full year as consumer demand remains robust. Following the announcement, the company’s shares climbed 1.9%.
The retailer reported adjusted earnings per share of $4.38, surpassing analysts’ expectations of $4.30. Revenue for the quarter totaled $3.65 billion, above the consensus estimate of $3.61 billion, marking a 5% year-over-year increase. Comparable store sales rose 5.0%, fueled by higher transaction volumes and an increase in average ticket size.
“We are very pleased with our strong Q2 results. Our performance shows how well our long-term strategies are working, the strength and resilience of our operating model and the impact of our team’s consistent execution,” said Lauren Hobart, President and Chief Executive Officer.
In light of the strong quarterly performance, Dick’s raised its full-year 2025 guidance. The company now anticipates comparable store sales growth of 2.0% to 3.5%, up from its previous forecast of 1.0% to 3.0%. Full-year earnings per share are projected between $13.90 and $14.50, compared with the prior estimate of $13.80 to $14.40. Analysts currently have a consensus EPS forecast of $14.37.
Expansion efforts continue, with the retailer opening one new House of Sport location and four DICK’S Field House sites during the second quarter. Year-to-date, Dick’s has launched three House of Sport stores and eight Field House locations.
The company also confirmed that its $2.4 billion acquisition of Foot Locker remains on schedule to close on September 8, following shareholder approval and all necessary regulatory clearances. The deal, announced in May, is expected to strengthen Dick’s presence in the athletic footwear segment.
Additionally, the board declared a quarterly dividend of $1.2125 per share, payable on September 26 to shareholders of record as of September 12.
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