DKS

Dick's Sporting Goods raised its dividend by 10% on Thursday as the company posted its largest sales quarter in its history and projected another year of growth.The company's shares jumped more than 15% in intraday trading. CEO Lauren Hobart said on an earnings call Thursday that Dick's sales growth came from bigger tickets — either higher prices or more expensive items — as its transactions were flat.Many retailers benefited from a 53rd week in fiscal 2023, but Dick's said it still broke records during its fiscal fourth…

A Dick’s Sporting Goods store stands in Staten Island on March 09, 2022 in New York City.Spencer Platt | Getty ImagesShrink who? Sales and profits at Dick's Sporting Goods bounced back in the third quarter, leading the retailer to raise its full-year guidance Tuesday after it shocked investors earlier this year when it slashed its outlook over theft concerns.Dick's beat Wall Street's estimates on the top and bottom lines for the period. In a news release, the company said it's "excited" for the holiday season after seeing…

Updated Nov. 15, 2023 8:11 am ETPeople are skipping their Target runs, but the company is finding ways to boost profits.Target sales fell in the period just before the holiday shopping season as it grappled with choosy shoppers cutting spending on some products and visiting stores less often. Comparable sales, those from stores and digital channels operating at least 12 months, fell 4.9% in the three months ended Oct. 28 from the prior year.Copyright ©2023Dow Jones & Company, Inc. All Rights Reserved.…

Consumer caution constrains earnings for retailers Dick’s, e.l.f. Beauty and Williams-Sonoma. Consumer caution constrains earnings for retailers Dick’s, e.l.f. Beauty and Williams-Sonoma. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the…

Walmart Inc. is selling Bonobos Inc. for $75 million, a fraction of what it paid for the menswear brand and the latest sign the big-box retailer is unwinding some of its e-commerce plays. Walmart is selling Bonobos to the fashion retailer Express Inc. and the management firm WHP Global, the companies said Thursday. WHP Global will buy Bonobos’s brand for $50 million, while Express will acquire Bonobos’s operating assets and assume the related liabilities of the business for $25 million.…

A Dick’s Sporting Goods store stands in Staten Island on March 09, 2022 in New York City.Spencer Platt | Getty ImagesDick's Sporting Goods on Tuesday reported holiday-quarter results that beat Wall Street's expectations, citing a sales boost from the gift-giving season even with inflation-weary consumers.Same-store sales increased 5.3% during the fiscal fourth quarter, more than double analysts' estimates of 2.1%, according to StreetAccount. That metric measures sales online and in stores open for 14 months or more.Shares…

While many retailers are discounting, canceling orders and otherwise scrambling to get rid of a glut of goods filling their stores and warehouses, some are embracing their higher inventory levels. Merchants including Dick’s Sporting Goods Inc., Lowe’s Cos. and Walmart Inc. say the rising stocks signal a recovery from last year’s shortages driven by supply-chain disruptions and put them in a strong position to take advantage of consumer demand…

Best Buy Co. and Dick’s Sporting Goods Inc. reported mixed quarterly results but said sales wouldn’t fall as much as previously expected, signs that consumers are feeling the pinch of high inflation but still buying some electronics and sporting goods. Best Buy said profits fell and comparable sales dropped 10.4% in its third quarter, but the results weren’t as bad as investors had feared. The company slightly raised its sales target for the fiscal year…

Peloton Interactive Inc. PTON -14.44% will begin selling its exercise equipment at Dick’s Sporting Goods Inc. DKS -3.25% stores, expanding the fitness gear company’s reach into bricks-and-mortar stores amid slowing demand.  The new partnership with Dick’s marks the first time that Peloton will sell its equipment at a physical store outside of the company’s own showrooms, Peloton said…

Cars are seen parked in front of a Dick's Sporting Goods store at Monroe Marketplace in Pennsylvania.Paul Weaver | SOPA Images | LightRocket | Getty ImagesDick's Sporting Goods on Tuesday reported quarterly earnings and revenue that topped analysts' expectations and boosted its financial outlook for the year.The sporting goods retailer said it now expects comparable store sales for 2022 to decline between 6% to 2%. It had previously forecast the figure to be down between 8% and 2%, after sales of sporting and outdoor…