Dick's Sporting Goods reported a bigger-than-expected drop in quarterly same-store sales on Wednesday and forecast further declines this year, hit by tighter gun controls and a drop in Under Armour sales. | Video
Dick's Sporting Goods Inc on Wednesday topped analysts' estimates for quarterly results and raised its full-year profit forecast, sending its shares surging 28 percent and on track for their best day since the 2002 initial public offering.
May 30 Dick's Sporting Goods Inc's
shares jumped 24 percent on Wednesday, after the retailer of
outdoor products and guns reported better-than-expected
first-quarter results and raised its yearly profit target.