Chain Store Age
Dick’s Sporting Goods beat profit expectations and raised its earnings outlook amid disappointing sales.
The sporting goods retailer reported that its net income rose 2% to $37.8 million in the quarter ended Nov. 3 from $36.9 million.
Net sales fell 4.5% to $1.86 billion, slightly below estimates of $1.88 billion. Same-store sales, based on an unadjusted calendar, declined 6.1%. (Adjusted for an extra week in 2017, same-store sales fell 3.9%.) . . . more