07:57 AM EDT, 09/04/2024 (MT Newswires) -- Dick's Sporting Goods (DKS) reported fiscal Q2 non-GAAP earnings Wednesday of $4.37 per diluted share, up from $2.82 a year earlier.

Analysts polled by Capital IQ expected $3.86.

Net sales for the quarter ended Aug. 3 were $3.47 billion, compared with $3.22 billion a year earlier.

Analysts surveyed by Capital IQ expected $3.43 billion.

Comparable sales during the quarter were up 4.5%, compared with a 2% increase a year ago.

Analysts surveyed by Capital IQ expected a 3.3% rise.

The company said it now expects fiscal 2024 earnings of $13.55 to $13.90 per diluted share, compared with $13.35 to 13.75 anticipated previously.

Analysts surveyed by Capital IQ expect $13.73.

Comparable sales are now expected to grow 2.5% to 3.5% during the fiscal year, up from the 2%-to-3% growth forecast earlier, Dick's Sporting Goods said.

Analysts surveyed by Capital IQ expect a 2.9% increase.

Fiscal 2024 net sales are still anticipated to fall in the range of $13.10 billion to $13.20 billion, the company said.

Analysts polled by Capital IQ expect $13.24 billion.

Dick's Sporting Goods also said the board on Sept. 3 maintained its quarterly dividend at $1.10 per share, payable Oct. 4 to shareholders of record as of Sept. 20.

Price: 235.03, Change: +2.91, Percent Change: +1.25