Dick’s Sporting Goods Inc. (NYSE: DKS) saw its shares rise 2% on Tuesday after the company missed third-quarter earnings expectations but increased its full-year guidance for its core DICK’S business.
Adjusted EPS came in at $2.07, well below the $2.71 consensus estimate. Revenue reached $4.17 billion, missing expectations of $4.43 billion. Results included the newly acquired Foot Locker business, which closed on September 8.
Comparable sales for the core DICK’S business increased 5.7%, supported by both higher average ticket and increased transactions.
Despite the quarterly miss, the company raised its full-year 2025 forecast for the DICK’S business, now expecting comparable sales growth of 3.5% to 4.0%, up from 2.0% to 3.5% previously. It also lifted its earnings outlook for the DICK’S segment to $14.25 to $14.55 per share, compared with prior guidance of $13.90 to $14.50.
