Retail News

Dick’s expects to ‘adapt quickly’ to macroeconomic challenges

CNBC 05/25/2022

Dick’s Sporting Goods is expecting sales to slump between two and eight percent this year and earnings per share to come in between $9.15 and $11.70 per share, down from its previous guidance of $11.70 to $13.10. Dick’s president and CEO Lauren Hobart acknowledged the company is facing macroeconomic challenges, including inflation, and expects her company to “adapt quickly” to what comes next.

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