Dick’s Sporting Goods Inc. raised its full-year outlook, a signal of resilient consumer demand as the retailer prepares to acquire sneaker chain Foot Locker Inc.
The company now projects comparable sales growth of between 2% and 3.5% for the year, with earnings per share ranging from $13.90 to $14.50, which is above its previous forecast. The outlook accounts for the impact of existing tariffs, Dick’s said.
Chief Executive Officer Lauren Hobart has focused on upgrading the retailer’s store network by introducing more experiential formats and enhancing e-commerce capabilities. The latest results show these investments are resonating with shoppers. Comparable sales rose 5% in the quarter ended Aug. 2, surpassing analyst expectations.
Dick’s plans to finalize its $2.4 billion acquisition