Dick’s Sporting Goods Inc (DKS) is trading up in premarket on Thursday after reporting solid financial results for its fourth quarter. Dick’s stock up on encouraging guidanceThe stock is in the green also because $DKS issued upbeat guidance for the future. The sports goods retailer now forecasts its adjusted per-share earnings to fall between $12.85 and $13.25 on up to $13.13 billion in revenue this year.Analysts, in comparison, were at $12.90 a share on $13.13 billion, respectively. Lauren Hobart – the chief executive of Dick’s Sporting Goods said in a press release today:
We will accelerate our investment in our growth strategies to drive our business forward and continue gaining market share in a fragmented $140-billion-dollar industry.
The New York listed firm also raised its quarterly dividend to $1.10 per share on Thursday. Dick’s stock now up more than 40% versus the start of this year. Dick’s Sporting Goods Q4 earnings snapshot
Dick’s Sporting Goods reported EBT margin at % for the fourth quarter as comparable sales popped 2.8% versus last year. According to executive chairman Ed Stack:Our growth opportunities are significant, and we continue to prioritize investments in our future to fuel long-term omnichannel growth.
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