Key Highlights from DICK'S Sporting Goods Q1 2024 Earnings Results

Wednesday, 29 May 2024, 12:37

Get a comprehensive overview of DICK'S Sporting Goods' Q1 2024 earnings report. The company's net sales increased by 6.2% year-over-year to $3 billion, with a notable rise in comparable sales by 5.3%. However, net income saw a slight decline of 10%, amounting to $275 million, and EPS fell by 3% to $3.30. Explore the implications for investors and the outlook for the full year of 2024.
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Key Highlights from DICK'S Sporting Goods Q1 2024 Earnings Results

Key Highlights:

DICK'S Sporting Goods (NYSE: DKS) reported its Q1 2024 earnings with substantial growth in net sales and comparable sales.

Financial Performance:

  • Net sales: Increased by 6.2% to $3 billion.
  • Comparable sales: Rose by 5.3%.
  • Net income: Decreased by 10% to $275 million.
  • Earnings per share (EPS): Fell by 3% to $3.30.

Despite the decline in net income and EPS, the adjusted EPS remained stable at $3.30.

Find out the expectations for DICK'S Sporting Goods in the full year 2024 and its potential impact on investors.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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