Investing.com -- Dick's Sporting Goods (NYSE:DKS) lifted its comparable sales growth outlook for the full fiscal 2025, sending its shares rising 7% in premarket trading Tuesday.
The chain of sporting goods stores reported earnings per share (EPS) of $2.75 for the third quarter, beating the consensus estimate of $2.67.
Revenue came in at $3.06 billion, slightly ahead of the $3.03 billion expected by analysts.
Comparable sales increased by 4.2%, also outperforming the forecasted growth of 2.5%.
The company's gross margin was 35.8%, above the projected 35.1%.
"We are very proud of our Q3 results and our performance year-to-date. Our third quarter comp sales grew 4.2%, driven by a continued focus on our strategic pillars and great execution from our team,” said Lauren Hobart, President and CEO.
“We had an excellent back-to-school season and continued to gain market share.”
For fiscal year 2025, Dick's Sporting Goods expects EPS to range between $13.65 and $13.95, compared with the consensus estimate of $13.88.
Revenue is projected between $13.2 billion and $13.3 billion, while analysts were looking for $13.25 billion.
The company has revised its guidance for comparable sales growth upward to a range of 3.6% to 4.2%, compared to its previous projection of 2.5% to 3.5%, and above the current consensus of 3.37%.
This content was originally published on Investing.com
