An earlier version of this report incorrectly attributed the CEO quote to Ed Stack, who is executive chairman. It has been corrected.
Dick's Sporting Goods Inc. stock DKS, -1.97% slid 3.7% in premarket trade Tuesday, even after the retailer topped estimates for the third quarter with positive same-store sales and an upbeat outlook. The company posted net income of $228 million, or $2.45 a share, for the quarter, down from $317 million, or $2.78 a share, in the year-earlier period. Adjusted per-share earnings came to $2.60, ahead of the $2.27 FactSet consensus. Sales climbed to $2.959 billion from $2.
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Dick’s Sporting Goods launches $50M in-house investment fundDSG Ventures will initially focus on companies that directly serve athletes and their communities.
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