Dick's Sporting Goods Inc.
(NYSE:DKS) stock fell Wednesday despite strong sales growth and continued momentum across its core sports retail business.
Investors focused on margin pressure even as the retailer highlighted accelerating improvements at Foot Locker and rising consumer demand tied to major global sporting events.
Quarterly Results The company reported first-quarter adjusted earnings of $2.90 per share, missing the analyst consensus estimate of $2.93 per share.
Quarterly sales rose 62.7% year over year to $5.17 billion, topping Wall Street expectations of $4.97 billion.
