Dick’s Sporting Goods Inc.’s DKS stock jumped 5% before market open Tuesday after the company beat analysts’ earnings estimate in its fourth-quarter results and delivered better-than-expected full year earnings outlook. The retailer reported fourth quarter net income of $236 million, or $2.60 a share, down from $346 million, or $3.16 a share in the year-ago quarter. On an adjusted basis, Dick’s Sporting Goods earned $2.93 a share, compared with the FactSet consensus of $2.88 a share.
On an adjusted basis, Dick’s Sporting Goods earned $2.93 a share, compared with the FactSet consensus of $2.88 a share. Fourth-quarter sales were $3.597 billion, up from $3.352 billion a year ago, and above the FactSet consensus of $3.451 billion. The company’s same-store sales increased 5.3%, topping the FactSet consensus of up 2.1%. For fiscal year 2023, Dick’s Sporting Goods expects earnings of $12.90 to $13.80 a share, above the FactSet consensus of $12.00.
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