Dick's Sporting Goods Raises Outlook, Sees Strong Demand Amid Foot Locker Acquisition

Dick's Sporting Goods has raised its full-year outlook, citing strong consumer demand and a 5% increase in comparable store sales for Q1. The retailer now expects a 2%-3.5% comparable sales range and EPS of $13.90-$14.50. The acquisition of Foot Locker is set to close in September, adding 2,400 stores to Dick's network. Chairman Ed Stack has assured investors that Foot Locker will reach new customers and that operations will be improved.