Dick’s Sporting Goods (NYSE:DKS) delivered first-quarter results that exceeded expectations, driven by record sales and continued momentum in comparable store performance. Despite the strong report, shares dipped 0.6% following the announcement.
For the quarter ending May 3, 2025, the retailer reported adjusted earnings per share of $3.37, surpassing analysts’ projections of $3.20. Revenue reached $3.17 billion, a 5.2% year-over-year increase and ahead of the $3.12 billion forecast.
Same-store sales rose 4.5%, marking the fifth straight quarter of growth above 4%, fueled by higher average transaction values and increased customer traffic.
“We are very pleased with our first quarter results. Our performance demonstrates the momentum and strength of our long-term strategies and the consistency of our execution,” said Lauren Hobart, President and CEO.
Looking ahead, the company reaffirmed its full-year guidance, forecasting earnings per share between $13.80 and $14.40 on revenue between $13.6 billion and $13.9 billion. It anticipates comparable store sales growth of 1% to 3% for the fiscal year.