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Dick's Sporting Goods Reports Strong Q2 Earnings with $3.47B Revenue, Raises FY24 Guidance

Sep 4, 2024, 11:37 AM

Dick's Sporting Goods reported strong Q2 earnings, with revenue reaching $3.47 billion, up 7.8% year-over-year, and earnings per share (EPS) at $4.37, a 55% increase from the previous year. The company raised its full-year 2024 guidance, with adjusted EPS now expected to be between $13.55 and $13.90, up from the previous range of $13.35 to $13.75. Comparable sales grew by 4.5%, exceeding the estimated 3.5%. Despite the positive results, the company provided a conservative revenue guidance for FY2025, estimating between $13.1 billion and $13.2 billion, slightly below the consensus of $13.23 billion. Pre-market trading showed a 1.5% increase, and net sales included a $95 million benefit from a calendar shift.