DICK’s Sporting Goods, Inc. (NYSE: DKS) reported earnings on Thursday, showing revenue of $3.65 billion and earnings per share (EPS) of $4.38, surpassing estimates of $3.61 billion and $4.30 respectively. Despite these positive results, DKS stock fell by 3.79% during midday trading, reflecting ongoing investor concerns about consumer spending sustainability.
The company raised its full-year guidance, projecting comparable sales growth between 2% and 3.5% and EPS between $13.90 and $14.50. However, concerns surrounding valuation premiums, elevated short interest, and profit-taking have contributed to negative market sentiment. Key stock price levels to watch include potential support at $208, with resistance noted around $220.
