RTTNews | Aug 25, 2021 10:20AM EDT

10:20 Wednesday, August 25, 2021 (RTTNews.com) - Shares of sporting goods retailer Dick's Sporting Goods, Inc. (DKS) are up 14 percent on Wednesday's trading as the company posted improved second-quarter results and also raised its earnings and sales outlook for the full year.

Second quarter non-GAAP earnings per share was $5.08, compared to $3.21, a year ago. On average, 24 analysts polled by Thomson Reuters expected the company to report profit per share of $2.70, for the quarter. Analysts' estimates typically exclude special items.

Consolidated net income was $495.5 million, or $4.53 per share, for the second quarter. Net sales were $3.27 billion, up 20.7% from last year. Consolidated same store sales rose 19.2%, for the quarter. Analysts expected revenue of $2.82 billion, for the quarter.

For fiscal 2021, the company now expects non-GAAP earnings per share in a range of $12.45 to $12.95, and net sales in a range of $11.52 billion to $11.72 billion. Consolidated same store sales are anticipated to increase in the range of 18.0% to 20.0%. Analysts expect the company to report profit per share of $9.01 on revenue of $10.90 billion.

Currently at $133.32, the stock has traded between $50.47 and $134.79 during the 52 weeks.

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