1. Home
  2. Upgrades
  3. Dick’s Sporting Goods Raised Outlook After Strong Q1 Earnings, But Analyst Is Watching For Inventory Shrink Commentary

Dick’s Sporting Goods Raised Outlook After Strong Q1 Earnings, But Analyst Is Watching For Inventory Shrink Commentary

2
0

Goldman Sachs analyst Kate McShane reiterated a Buy rating on the shares of Dick’s Sporting Goods Inc (NYSE:DKS) with a price target of $242.

DKS reported 1Q24 adjusted EPS of $3.30 vs. $3.40 a year ago, above consensus (Refinitiv) of $2.95, led by SSS of +5.3% (lapping +3.4% in 1Q23) vs. consensus of +2.4%, said the analyst.

DKS’s sales grew 6.2% year-on-year to $3.02 billion, beating the analyst consensus estimate of $2.94 billion.

The company’s gross margin was up +10 bps y/y at 36.3%, with  inventory level increasing by …

Full story available on Benzinga.com

Visited 2 times, 1 visit(s) today