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DKS posts robust second-quarter fiscal 2024 results, thanks to the solid execution of its strategic efforts.
Dick's Sporting Goods Inc DKS shares dropped in early trading on Thursday as the retailer reported fiscal second-quarter results.
Dick's Sporting Goods is aiming to reshape the sporting retail landscape with new strategies highlighted by the rollout of its experiential House of Sport stores and Field House concepts. The company plans to operate 75 to 100 House of Sport locations by 2027, marking a significant expansion.
Dick's Sporting Goods (DKS) is raising its full-year 2024 guidance after the sports retail topped second quarter earnings estimates, posting $3.47 billion in revenue and adjusted earnings of $4.37 per share. TD Cowen managing director of retail and consumer brands John Kernan attributes back-to-school shopping to have given the sports retailer an extra sales push.
Despite a recent 7% dip, I maintain a buy rating on DICK'S Sporting Goods, Inc. due to attractive valuation and ongoing growth. Strong Q2 earnings, with net income rising 48% to $362 million, and impressive comparable sales growth of 4.5%, justify buying the dip. The balance sheet remains healthy, with more cash than debt, despite increased inventory, which may concern some investors.
Shares of Dick's Sporting Goods, Inc. DKS are getting crushed due to a disappointing earnings report. The company beat estimates, but investors didn't like the guidance.
Dick's Sporting Goods (DKS) raised its 2024 profit guidance Wednesday along with second-quarter results that beat expectations on the top and bottom lines.
Dick's Sporting Goods NYSE: DKS can compete with the likes of Walmart NYSE: WMT and Target NYSE: TGT and continue to gain market share because of its quality. Not all of the sporting goods products in Walmart and Target are poor quality, but many are; sporting enthusiasts who know the difference and like choice choose Dick's—seen in the results.
Dick's Sporting Goods stock is lower Wednesday even after the retailer topped Q2 expectations and raised its full-year outlook. Here's what you need to know.
DICK'S Sporting Goods (NYSE:DKS) shares slid on Wednesday despite the sporting goods retailer's second quarter earnings topping expectations. For the quarter ended August 3, 2024, the company posted earnings per share (EPS) of $4.37, firmly ahead of the consensus $3.77 and up 55% from $2.82 in the year-ago quarter.