Dick's Sporting Goods Exceeds Q1 Expectations, Raises Full-Year Outlook

Strong sales growth and increased shopper spending drive the retailer's optimistic forecast for 2024.

Dick's Sporting Goods reported first-quarter earnings per share of $3.30, surpassing analyst estimates.
Revenue for the quarter reached $3.02 billion, a 6% year-over-year increase.
Comparable store sales rose by 5.3%, driven by higher transactions and average ticket values.
The company raised its full-year earnings guidance to $13.35-$13.75 per share, up from $12.85-$13.25.
Shares of Dick's Sporting Goods surged over 15% following the positive earnings report.