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Dick's Sporting Goods Raises FY18 Earnings Outlook - Quick Facts

While reporting its third-quarter financial results on Wednesday, Dick's Sporting Goods, Inc. (DKS) said it has raised its fiscal year 2018 earnings outlook to a range of $3.15 to $3.25 per share from the prior range of $3.02 to $3.20 per share.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $3.14 per share for the year. Analysts' estimates typically exclude special items.

The company said that its earnings per share guidance is not dependent upon additional share repurchases. The company reported earnings per share of $3.01 for the 53 weeks ended February 3, 2018.

However, Dick's Sporting Goods affirmed its outlook for full-year consolidated same store sales to decline 3 percent to 4 percent on a 52-week to 52-week comparative basis, compared to a decline of 0.3 percent in 2017.

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