(Boursier.com) — Dick’s Sporting Goods, an American sporting goods distribution group, climbed before the stock market on Wall Street following its quarterly financial publication. For the fourth fiscal quarter, like-for-like growth was 5.3%, while total sales rose 7.3% to $3.6 billion. Consolidated net profit declined 32% to $236 million, while adjusted earnings per share fell 20% to $2.93. The consensus over the period was $2.88 adjusted EPS for $3.45 billion in revenue. Annual revenues reached a record $12.4 billion, up 0.6% compared to the previous year and 41% compared to 2019. The group raised its annualized dividend to $4 per share, more twice the previous dividend. For 2023, diluted EPS is expected to be between $12.9 and $13.8, while like-for-like sales are expected to be stable or up by up to 2%.
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