India, May 27 -- Shares of of DICK'S Sporting Goods Inc. were losing around 3 percent in the early morning trading on the NYSE after the sports retailer on Wednesday lowered fiscal 2026 outlook for earnings, despite higher first-quarter results. Further, the firm maintained forecast for annual adjusted earnings per share and net sales, and raised the expectations for comparable sales growth for the segments.
Lauren Hobart, President and Chief Executive Officer, stated, "In Q1, we delivered comp sales growth of 6 percent in the DICK'S Business, with growth in average ticket and transactions, and broad-based strength across footwear, apparel, and hardlines. These strong comps were on top of a 4.5 percent increase last year and a 5.3 percent ...