Shares of Dick's Sporting Goods (DKS) soared 5.09% in pre-market trading on Wednesday following the company's strong first-quarter earnings report and reaffirmed full-year guidance. The sporting goods retailer delivered better-than-expected results, demonstrating the continued strength of its business strategies and execution.

For the first quarter ended May 3, 2025, Dick's reported adjusted earnings per share of $3.37, surpassing the analyst consensus estimate of $3.22. Net sales climbed to $3.18 billion, up from $3.02 billion in the same period last year and beating the Street's forecast of $3.13 billion. The company's comparable store sales increased by 4.5%, marking the fifth consecutive quarter with comps over 4%.

Despite ongoing macroeconomic uncertainties, Dick's Sporting Goods maintained its full-year 2025 outlook. The company continues to expect comparable sales growth in the range of 1.0% to 3.0% and earnings per diluted share between $13.80 and $14.40. This guidance reflects management's confidence in the company's strategies and operational strength while acknowledging the dynamic economic environment. Investors are also likely optimistic about the recently announced acquisition of Foot Locker, which is expected to create a global leader in the sports retail industry.