Dick’s Sport­ing Goods Sees Mixed Q3

Footwear News - - WHAT’S TRENDING -

Dick’s Sport­ing Goods posted thirdquar­ter re­sults last week, miss­ing sales fore­casts but top­ping profit es­ti­mates. Its Q3 rev­enues fell 4.5 per­cent to $1.86 bil­lion. Mean­while, earn­ings edged up 2 per­cent year over year to 39 cents per di­luted share, beat­ing the 26 cents mar­ket watch­ers pre­dicted. “Con­tin­ued improvements in gross mar­gin and dis­ci­plined ex­pense man­age­ment more than off­set our strate­gic in­vest­ments,” said chair­man and CEO Ed­ward Stack.

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