DKS stock is up close to 3% Monday following the company’s announcement that fourth-quarter same-store sales rose about 7%. Dick’s Sporting Goods estimates fourth-quarter earnings of $1.10-$1.11 per share which is above the $1.06 per share that analysts estimated.
The store’s winter success comes in a time of limited consumer spending that’s caused several retailers to post weak sales in the quarter. This boost comes following the post-holiday dry season that saw DKS stock down 12% YTD before today’s report.
Cabela’s has also had a good winter with CAB stock up 2.26% Monday.