Business

Dick's Sporting Goods shares fall as retailer predicts slowing sales in year ahead


Dick's Sporting Goods on Tuesday topped Wall Street's fourth-quarter estimates, as shoppers continued to buy equipment and apparel for outdoor activities and home workouts during the Covid pandemic .


Here's how the company did during the fiscal fourth quarter ended Jan. 30,compared with what analysts were expecting, based on Refinitiv data:


Dick's sales have picked up during the pandemic, as shoppers bought golf clubs, workout tops and other items to stay in shape and pass the time.


CEO Lauren Hobart, who stepped into her role in February , said the retailer wants to capitalize on consumer demand across outdoor activities and growing interest in golf.


"We believe that these enhancements along with strong consumer trends and improving allocations of the most in-demand styles will drive continued positive results in our athletic apparel and footwear business," she said on the call.


Dick's Sporting Goods topped Wall Street's fourth-quarter estimates, as shoppers continued to buy equipment and apparel for outdoor activities and home workouts during the Covid pandemic.






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