Dick's Sporting Goods rises after Q1 results beat

Dicks Sporting Goods

28/05/2025 14:25

** Shares of sportswear retailer Dick's Sporting Goods DKS.N up 5.8% at $184.30 in premarket trading

** DKS, which plans to buy rival Footlocker FL.N for $2.4 billion, beats Q1 revenue and profit expectations and maintains annual forecasts on resilient fresh footwear and sports apparel demand at its stores

** Q1 net sales rise to $3.17 billion, beating estimates of $3.13 billion, while adjusted earnings per share of $3.37 also beat estimates of $3.22 - LSEG

** Joe Feldman, analyst at Telsey Advisory Group, notes strong performance from Dick's in a choppy retail environment, driven by a differentiated merchandise assortment with on-trend footwear brands and a strong private label apparel portfolio

** Stock down 23% YTD, as of last close

 (Reporting by Juveria Tabassum in Bengaluru)

 ((Juveria.Tabassum@thomsonreuters.com;))