Dick's Sporting Goods (NYSE:DKS) is expected to report a small rise in earnings when it releases its second-quarter results before the opening bell on Tuesday, August 22.
The sporting goods retailer is likely to post revenue of $3.2 billion for the July quarter, an increase of 3.4% from the same quarter a year ago, according to Zacks Investment Research.
Earnings per share are expected to rise 1.9% to $3.75, up from $3.68, per the consensus of analysts surveyed by Zacks.
The company has benefited from strength in its businesses, strong operational execution and store expansion initiatives, Zacks said. Its topline performance has also been supported by strong growth in demand in its key product categories across footwear, athletic apparel and team sports, resulting in higher average ticket.
First-quarter sales, reported in May, also showed growth as the retailer rang up more transactions and raised its average ticket.
Last week, the retailer announced it had opened nine new locations for its House of Sport brand in July in August, including the first three House of Sport stores in Victor, New York; Knoxville, Tennessee; and Minnetonka, Minnesota.
It anticipates opening between 75 to 100 House of Sport stores by 2027.
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