Dick’s Sporting Goods Reports Strong Q2 Results

Dick’s Sporting Goods (NYSE: DKS) shares increased after reporting better-than-expected earnings and revenue for fiscal Q2, raising its forecast for fiscal 2025.

Q2 Financial Highlights

• Earnings per Share (EPS): $4.37 (Consensus: $3.83)
• Revenue: $3.47 billion (Consensus: $3.44 billion)
• Gross Margin: 36.7% (Expected: 35.8%)
• Comparable Sales Growth: 4.5% (Estimated: 3.48%)

DKS stock rose over 1% in premarket trading on Wednesday.

Outlook for Fiscal 2025

• Projected EPS: $13.55 to $13.90 (Previous forecast: $13.35 to $13.75, Consensus: $13.83)
• Revenue Expectation: $13.1 billion to $13.2 billion (Consensus: $13.23 billion)
• Comparable Sales Growth Projection: 2.5% to 3.5% (Previous range: 2% to 3%, Estimate: 2.92%)

Executive Statement

Lauren Hobart, President and CEO, stated, “We delivered a very strong second quarter. Powered by our compelling omni-channel athlete experience, differentiated product assortment, best-in-class teammate experience, and our ability to create deep engagement with the DICK’S brand, we are driving sustained top-line momentum and gaining market share.”