07:41 AM EDT, 05/29/2024 (MT Newswires) -- Dick's Sporting Goods (DKS) reported fiscal Q1 non-GAAP earnings Wednesday of $3.30 per diluted share, down from $3.40 a year earlier.

Analysts polled by Capital IQ expected $2.97.

Net sales for the quarter ended May 4 were $3.02 billion, up from $2.84 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.94 billion.

For full-year 2024, the company said it now expects diluted EPS of $13.35 to $13.75, up from its prior range of $12.85 to $13.25. Analysts polled by Capital IQ expect $13.24. Net sales for the year are now expected in the range of $13.10 billion to $13.20 billion, up from its previous range of $13 billion to $13.13 billion. Analysts expect $13.16 billion.

The company's board maintained its quarterly dividend at $1.10 per share, payable June 28 to shareholders of record as of June 14.

Shares of the company were up 7.4% in recent Wednesday premarket activity.

Price: 209.65, Change: +14.65, Percent Change: +7.51