Dick’s Sticks The Landing

Dick’s Sporting Goods surprised investors today by reporting record third-quarter sales and raising its full-year guidance. 😮

The retailer saw comparable store sales rise 6.5%, with net sales rising 7.7% YoY. Its pre-tax income as a percentage of net sales was 10.3%, more than 2.5x results from the same quarter in 2019.

As for the future, the company raised its full-year 2022 comparable store sales guidance to -3.0% to -1.5%, up from -6.0% to -2.0%. It also raised its earnings guidance significantly as the structural changes to its strategy continue to play out.

Overall, the news sent $DKS shares higher by 10% and towards the top of their 1-year price range. 📈

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$TREE Shares Cut Down As Earnings Miss

LendingTree is a small-cap consumer finance company that operates an online consumer platform in the U.S., including three segments: Home, Consumer, and Insurance. 🏦

While it’s typically an under-the-radar name, it’s making headlines today after its fourth-quarter revenue missed expectations.

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Lumber Liquidated As Retail Drops It Lowe’s

Walmart, Home Depot, and Target earnings have already sounded the alarm about the health of U.S. consumers. And today, Lowe’s and Lumber Liquidators added to the anxiety with their own earnings misses. 😨

Let’s take a look at what they said. 👀

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Earnings Recap – 03/02/23

It’s another earnings-packed issue, so let’s quickly review some of the biggest after-hours movers. 👀

First up is the electric vehicle charging company ChargePoint Holdings. Its adjusted loss per share of $0.23 and revenues of $152.8 million missed the expected $0.19 per share loss and $165 million in revenues. The company blamed supply challenges for its miss and guided for first-quarter revenue of $122 to $132 million. $CHPT shares are down 13% on the news. ⚡

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