09:18 AM EDT, 05/28/2025 (MT Newswires) -- Dick's Sporting Goods (DKS) reported fiscal first-quarter results above market estimates while the athletic goods retailer maintained its full-year outlook, including the expected impact of tariffs.

The company's adjusted earnings for the quarter ended May 3 came in at $3.37 a share, up from $3.30 the year before, defying the FactSet-polled consensus for a decline to $3.21. Sales improved 5.2% to $3.18 billion, surpassing the Street's view for $3.12 billion. The stock gained 7% in the most recent premarket activity.

Comparable sales inclined 4.5%, exceeding the 2.6% increase modeled by the market. The result was driven by growth in average ticket and transactions, Chief Executive Lauren Hobart said in a statement.

The retailer continues to anticipate per-share earnings to be in a range of $13.80 to $14.40 for fiscal 2025, while sales are still pegged at $13.6 billion to $13.9 billion. The Street is looking for EPS of $14.40 on a GAAP basis and sales of $13.87 billion. The company reiterated its comparable sales growth guidance of 1% to 3% for the ongoing fiscal year, while analysts are currently estimating an increase of 2.5%.

"Our guidance includes the expected impact from all tariffs currently in effect," Chief Financial Officer Navdeep Gupta said during an earnings call, according to a FactSet transcript. "We are working closely with our manufacturing and brand partners to mitigate potential impacts, and we are making continued progress in diversifying our direct sourcing footprint."

President Donald Trump recently extended his 50% tariff deadline for the European Union to July 9, following a request by European Commission President Ursula von der Leyen. Earlier in May, the US and China agreed to suspend most levies on each other's goods for 90 days, while Washington reached a trade agreement with the UK.

Dick's said its full-year outlook doesn't reflect the costs, investment losses or results related to its proposed acquisition of footwear and apparel retailer Foot Locker (FL) for about $2.4 billion. The companies announced the agreement earlier in May.

Dick's is well-positioned to maintain momentum in a "choppy macro environment" given its premium product assortments, growth initiatives and financially healthy customer base, Truist Securities said in a client note. The brokerage has a buy rating on the retailer's stock.