Stock Track | Dick's Sporting Goods Soars 5.35% in Pre-market on Strong Q4 Results and Upbeat Sales Guidance

Stock Track
Mar 12

Dick's Sporting Goods' stock surged 5.35% in pre-market trading following the release of its fourth-quarter financial results, which significantly exceeded analyst expectations.

The sports retailer reported a 60% year-over-year jump in quarterly sales to $6.23 billion, beating the consensus estimate of $6.07 billion. Adjusted earnings per share came in at $3.45, surpassing the $2.87-$2.99 range anticipated by analysts. Comparable sales for the DICK'S Business grew 3.1%, also exceeding forecasts.

Investors reacted positively to the company's forward-looking guidance, which projected full-year 2026 net sales of $22.1 billion to $22.4 billion, above the $22.03 billion analysts had expected. The company also announced a 3% increase in its annualized dividend to $5.00 per share. Management noted progress in the turnaround of its recently acquired Foot Locker brand, citing a successful holiday season execution and store expansion as key growth drivers.

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