Dick’s Sporting Goods (NYSE:DKS) posted a strong quarterly performance on Thursday, helped by solid store momentum and broad consumer demand.
The retailer also outlined an expansion-focused outlook while signaling a measured profit view for the year ahead.
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Earnings Snapshot
The company reported fourth-quarter adjusted earnings per share of $3.45, beating the analyst consensus estimate of $2.87. Quarterly sales of $6.226 billion (+59.9% year-over-year) outpaced the Street view of $6.069 billion.
The firm delivered 3.1% comparable sales growth in the fourth quarter for its DICK’S business.
Quarterly gross profit jumped to $1.770 billion, compared with $1.361 billion a year ago. Gross margin contracted to 28.43% from …