Dick's Sporting Goods Q4 sales surged by approximately 60% year-on-year, benefiting from strong consumer demand

格隆汇 March 12｜Dick's Sporting Goods announced that for the fourth quarter ended January 31, sales increased by about 60% year-on-year to $6.23 billions, exceeding analysts' expectations of $6.07 billions; adjusted earnings per share were $3.45, higher than analysts' expectations of $2.87. Despite consumers cutting back on non-essential spending due to the impact of inflation and trade uncertainties, the growing emphasis on health, fitness, and comfortable apparel has greatly benefited sporting goods retailers like Dick's. Looking ahead to this fiscal year, the company currently expects full-year net sales to be between $22.1 billions and $22.4 billions, with adjusted earnings per share ranging from $13.5 to $14.5, while analysts' expectations are $21.98 billions and $14.67, respectively. The company plans to open about 14 House of Sport stores and about 22 DICK'S Field House stores in 2026.