DICK'S Sporting Goods raises 2024 EPS and comparable sales outlook after Q3 results
DICK'S Sporting Goods reported third-quarter net sales of $3.06 billion, up 0.5%, and diluted earnings per share of $2.75, up from $2.39 a year earlier. Comparable sales rose 4.2%. The company raised its full-year 2024 guidance for diluted EPS to $13.65 to $13.95 from $13.55 to $13.90, and for comparable sales growth to 3.6% to 4.2% from 2.5% to 3.5%.
- Q3 net sales $3.06 billion, up 0.5%; the calendar shift reduced sales by about $105 million
- Q3 diluted EPS $2.75 vs. $2.39 a year earlier; non-GAAP EPS was $2.75 vs. $2.85
- Full-year 2024 diluted EPS guidance raised to $13.65 to $13.95; comparable sales guidance raised to 3.6% to 4.2%
- Board declared a quarterly dividend of $1.10 per share, payable December 27, 2024, to holders of record on December 13, 2024