Dick's Sporting Goods Beats Estimates, Raises Dividend, Provides Upbeat Guidance; Stock Surges 14%

Dick's Sporting Goods reported better-than-expected Q4 earnings and sales.

The company raised its quarterly dividend by 10% to $1.10 per share.

Dick's provided full-year 2023 guidance with expected sales growth of 1-2%.

The retailer predicts 2024 earnings per share between $12.85-$13.25.

Dick's Sporting Goods stock surged over 14% on Thursday on the positive earnings news.