CORAOPOLIS, Pa. — Dick’s Sporting Goods Inc. today reported fiscal second-quarter profit of $495.5 million.
On a per-share basis, the company said it had profit of $4.53. Earnings, adjusted for non-recurring costs, came to $5.08 per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.80 per share.
The sporting goods retailer posted revenue of $3.27 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $2.83 billion.
Dick’s expects full-year earnings in the range of $12.45 to $12.95 per share, with revenue in the range of $11.52 billion to $11.72 billion.
Dick’s shares have more than doubled since the beginning of the year. The stock has more than doubled in the past 12 months.