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Dick's Sporting Goods' Fiscal Q3 Non-GAAP Earnings Fall as Revenue Rises; Boosts Fiscal 2024 Guidance
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Dick's Sporting Goods' Fiscal Q3 Non-GAAP Earnings Fall as Revenue Rises; Boosts Fiscal 2024 Guidance
Nov 26, 2024 4:54 AM

07:30 AM EST, 11/26/2024 (MT Newswires) -- Dick's Sporting Goods (DKS) reported fiscal Q3 non-GAAP earnings Tuesday of $2.75 per diluted share, down from $2.85 a year earlier.

Analysts polled by FactSet expected $2.68.

Net sales for the quarter ended Nov. 2 were $3.06 billion, up from $3.04 billion a year earlier.

Analysts surveyed by FactSet expected $3.03 billion.

Dick's Sporting Goods said it now expects fiscal 2024 earnings of $13.65 to $13.95 per diluted share. That compares with the previous forecast of earnings of $13.55 to $13.90 per diluted share. Analysts surveyed by FactSet expect $13.93.

Net sales for the current fiscal year are now projected to be $13.20 billion to $13.30 billion, the company said. That compares with $13.10 billion to $13.20 billion projected previously. Analysts surveyed by FactSet expect $13.28 billion.

The company said its board of directors kept a quarterly dividend $1.10 per share, payable on Dec. 27 to shareholders of record on Dec. 13.

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