While reporting financial results for the first quarter on Wednesday, sporting goods retailer DICK'S Sporting Goods Inc. (DKS) slashed its earnings, adjusted earning and consolidated same store sales guidance for the full-year 2022. For fiscal 2022, the company now projects earnings in a range of $7.95 to $10.15 per share and adjusted earnings in a range of $9.15 to 11.70 per share, with consolidated same store sales expected to decline 8 to 2 percent.
Previously, the company expected earnings in a range of $9.96 to 11.13 per share and adjusted earnings in a range of $11.70 to 13.10 per share, with consolidated same store sales expected to be between a decline of 4 percent and flat.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.