BUZZ-Dick's Sporting Goods falls after cutting annual profit forecast

Dick's Sporting Goods, Inc.
Walmart Inc.

Dick's Sporting Goods, Inc.

DKS

0.00

Walmart Inc.

WMT

0.00

** Shares of sportswear retailer Dick's Sporting Goods DKS.N down ~2% at $229.08 in premarket trading

** Co trims its full-year profit forecast as margin pressure tied to its Foot Locker acquisition weighed on earnings, even as strong demand for sneakers and apparel lifted quarterly sales

** Expects 2026 consolidated earnings in the range of $13.27 to 14.27 per diluted share, compared with its prior forecast of $13.70 to 14.70

** Maintains overall annual net sales forecast between $22.1 billion and $22.4 billion

** Posts Q1 net sales of $5.17 billion, compared to estimates of $5.09 billion

** Logs adjusted EPS of $2.90 vs estimates of $2.92

** As of last close, stock up 17% YTD


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