Dick’s Sporting Goods delivers record Q1 sales, maintains outlook

Dick’s Sporting Goods reported its fifth-straight quarter of same-store sales growth over 4% and stuck by its full-year outlook despite the “dynamic macroeconomic environment.”

The sporting goods giant reported its first-quarter earnings nearly two weeks after entering into a deal to acquire rival Foot Locker in a deal valued at $2.4 billion. The move will give Dick’s a global footprint for the first time and significant weight in negotiating with athletic powerhouse brands such as Nike and Adidas.

Dick’s Sporting Goods delivers record Q1 sales, maintains outlook | Chain Store Age

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