Dick’s Sporting Goods (NYSE:DKS) delivered a strong fourth-quarter performance, surpassing earnings and revenue expectations, yet its shares fell over 6% intra-day as investors reacted to its cautious outlook for fiscal 2025.
For the quarter, the retailer reported earnings per share of $3.62, exceeding analyst expectations of $3.48. Revenue reached $3.89 billion, outpacing the consensus forecast of $3.76 billion and marking the largest sales quarter in the company’s history.
Comparable store sales surged 6.4% year-over-year, fueled by growth in both average transaction size and volume. For the full fiscal year 2024, Dick’s posted a 5.2% increase in comparable sales, with diluted EPS climbing 15% to $14.05.
Looking ahead, the company projected fiscal 2025 earnings per share in the range of $13.80 to $14.40, with revenue expected between $13.6 billion and $13.9 billion.
Despite record-breaking sales, investors appeared cautious about future growth, leading to the stock’s decline following the earnings release.