3 Takeaways From Dick's Sporting Goods' Q3 Earnings
Dick's Sporting Goods (NYSE: DKS) last month reported third-quarter adjusted earnings per share (EPS) of $2.01 on revenue of $2.41 billion, higher than consensus estimates of $1.08 EPS on $2.2 billion. The retailer reported a strong quarter, delivering a record same-store sales increase of 23.2%, boosted by strength from both digital and brick-and-mortar sales.
While some retailers face challenges from consumers shifting their spending patterns, Dick's has benefited from the coronavirus pandemic and the demand it created from consumers buying more products for home fitness, golf, and outdoor activities, as well as athletic apparel to be comfortable in while staying at home at the request of health officials.
That was the top-level assessment of Dick's latest report. Let's take a more detailed look at the third-quarter results and what was said by management and see what it really means for the stock going forward. Here are three takeaways to consider.
Source Fool.com
