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DICK’S Sporting Goods (DKS) Q2 earnings rise on higher sales

by TheAdviserMagazine
1 month ago
in Markets
Reading Time: 3 mins read
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DICK’S Sporting Goods (DKS) Q2 earnings rise on higher sales
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Sportswear company DICK’S Sporting Goods, Inc. (NYSE: DKS) on Thursday announced financial results for the second quarter of fiscal 2025, reporting an increase in sales and profit.

Net sales increased 5% year-over-year to $3.6 billion in the July quarter. Comparable store sales rose 5%, compared to 4.5% growth in the prior-year quarter.

DICK’S Sporting Goods (DKS) Q2 earnings rise on higher sales

Net income, on a reported basis, increased to $381 million or $4.71 per share in the second quarter from $362 million or $4.37 per share last year. Adjusted earnings were $4.38 per share, vs. $4.37 per share last year.

The company raised its full-year 2025 guidance for comparable sales growth to a range of 2.0% to 3.5%, up from the previous forecast of 1.0% to 3.0%. It also increased full-year earnings per share guidance to a range of $13.90 to 14.50, up from the earlier outlook of $13.80 to 14.40.

“We are very pleased with our strong Q2 results. Our performance shows how well our long-term strategies are working, the strength and resilience of our operating model, and the impact of our team’s consistent execution. Our Q2 comps increased 5.0%, with growth in average ticket and transactions, and we drove second quarter gross margin expansion,” said Lauren Hobart, CEO of DICK’s Sporting.

Prior Performance

Dick’s Sporting Goods Q2 2024 earnings infographic

The post DICK’S Sporting Goods (DKS) Q2 earnings rise on higher sales first appeared on AlphaStreet.



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