DICK'S Sporting Goods, Inc. reported robust first-quarter results, achieving record sales and a 4.5% growth in comparable sales. The company delivered earnings per diluted share of $3.24 and non-GAAP earnings per diluted share of $3.37, compared to $3.30 in the previous year's first quarter. DICK'S also reported a double-digit EBT margin of 11.0% and a non-GAAP EBT margin of 11.4%. During this quarter, the company opened two new House of Sport locations and four DICK'S Field House locations, emphasizing its strategic expansion efforts. Additionally, DICK'S announced its plan to acquire Foot Locker, positioning itself as a global leader in the sports retail industry. The company reaffirmed its 2025 outlook, expecting full-year comparable sales growth in the range of 1.0% to 3.0% and earnings per diluted share between $13.80 and $14.40. These results reflect the company's strong start to the year and confidence in its strategies and operational strength amidst a dynamic macroeconomic environment.
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