Sportswear firm DICK’S Sporting Items, Inc. (NYSE: DKS) on Thursday introduced monetary outcomes for the second quarter of fiscal 2025, reporting a rise in gross sales and revenue.
Internet gross sales elevated 5% year-over-year to $3.6 billion within the July quarter. Comparable retailer gross sales rose 5%, in comparison with 4.5% progress within the prior-year quarter.
Internet revenue, on a reported foundation, elevated to $381 million or $4.71 per share within the second quarter from $362 million or $4.37 per share final 12 months. Adjusted earnings have been $4.38 per share, vs. $4.37 per share final 12 months.
The corporate raised its full-year 2025 steerage for comparable gross sales progress to a spread of two.0% to three.5%, up from the earlier forecast of 1.0% to three.0%. It additionally elevated full-year earnings per share steerage to a spread of $13.90 to 14.50, up from the sooner outlook of $13.80 to 14.40.
“We’re very happy with our sturdy Q2 outcomes. Our efficiency reveals how properly our long-term methods are working, the energy and resilience of our working mannequin, and the affect of our crew’s constant execution. Our Q2 comps elevated 5.0%, with progress in common ticket and transactions, and we drove second quarter gross margin enlargement,” stated Lauren Hobart, CEO of DICK’s Sporting.
