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Dick’s Sporting Goods Boosts 2022 Outlook As Q2 Tops Analyst Targets

Dick’s Sporting Goods Boosts 2022 Outlook As Q2 Tops Analyst Targets

Dick’s Sporting Goods reported second-quarter earnings and revenue that topped Wall Street estimates. The retailer raised its full-year EPS guidance and also increased the low end of its full-year comparable store sales guidance. Ed Stack, executive chairman, said in a statement, "The state of our industry is strong, and we remain in a great lane." (Read More)

Dick’s Sporting Goods Cuts Salaries And Expenses, Suspends Stock Buybacks

Dick’s Sporting Goods Cuts Salaries And Expenses, Suspends Stock Buybacks

Dick's Sporting Goods, in a regulatory filing, announced the temporary reduction in the base salaries of certain executive officers in response to the current business environment as impacted by COVID-19. The retailer also said it's embarking on a "significant reduction" in expenses and planned inventory receipts, reducing planned capital expenditures, temporarily suspending its share buybacks, and evaluating its dividend program.  (Read More)

Synchrony And Dick’s Sporting Goods Announce Multi-Year Extension

Synchrony announced it has signed a multi-year extension with Dick's Sporting Goods. Building on a more than 15-year relationship, this agreement will continue to provide customers with special financing promotions, an accelerated rewards program, and digital account management through the ScoreRewards branded credit card and co-branded Mastercard credit programs. (Read More)

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