By Dean Seal
Dick's Sporting Goods offered weaker earnings guidance than analysts had been expecting while reporting a strong fourth-quarter gain in comparable sales.
The largest U.S. chain of sporting-goods stores expects comparable sales to rise 1% to 3% in fiscal 2025 while earnings hit $13.80 to $14.40 a share. Analysts polled by FactSet had been projecting a 2.5% gain and earnings of $14.82 a share.
Shares fell 5.2% to $199.98 in premarket trading.
Chief Financial Officer Lauren Hobart said the guidance reflects a dynamic macroeconomic environment, with the company prioritizing top line growth and gross margin improvement.
For the fourth quarter ended Feb. 1, Dick's posted a profit of $300 million, or $3.62 a share, compared with $296 million, or $3.57 a share, in the comparable quarter a year earlier. Analysts had been forecasting for earnings of $3.52 a share.
Sales ticked up half a percentage point to $3.89 billion, above analyst estimates for $3.78 billion, according to FactSet.
Comparable sales were up 6.4% for what was the largest sales quarter in company history, Dick's said.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
Lauren Hobart is the chief executive of Dick's Sporting Goods. "Dick's Sporting Goods 2025 Earnings Outlook Falls Short" at 7:23 a.m. ET incorrectly described her as the chief financial officer.
(END) Dow Jones Newswires
March 11, 2025 07:54 ET (11:54 GMT)
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