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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