Retailers have seen a pullback in discretionary spending this earnings season.
Dick’s Sporting Goods Inc., which reports fourth-quarter results before market open Tuesday, is expected to sidestep the spending weakness that has affected many retailers this earnings season.
The... Dick’s Sporting Goods Inc., which reports fourth-quarter results before market open Tuesday, is expected to sidestep the spending weakness that has affected many retailers this earnings season. The analyst also described the company’s stock as a “rock” in contrast to other names in the retail sector. “[Dick’s] shares seem to have a lot of pull to want to move higher,” he wrote, pointing to the company’s third-quarter results last year. “There were blemishes in the print. Yet, the stock rallied 10.1% on the day of the release, showing that the market has a favorable view of this retailer’s outlook.
In a recent report, analytics company Placer.ai said that Dick’s Sporting Goods and sporting-apparel retailer Hibbett Inc. HIBB have seen foot traffic increase from 2019, before the COVID-19 pandemic hit. During the fourth quarter of 2022, Dick’s foot traffic was up 0.8% compared with 2019, while Hibbett’s was up 28%.“The two chains’ emphasis on expansion over the past few years has likely contributed to their consistently outperforming foot traffic,” wrote Placer.ai.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Co-founder of Canadian home goods brand Fable talks responsible design and environmental impactHome goods brand Fable talks about responsible design and environmental impact
Consulte Mais informação »
42 Home Products For Anyone Who Identifies As A Cozy PersonA Barefoot Dreams bathrobe dupe, plush bedding, a beautiful electric tea kettle and other comforting goods.
Consulte Mais informação »
Tesla Model S and X prices slashed for the second time this yearTesla’s dynamic pricing is unique in the automotive world, where manufacturers typically only make changes to what they suggest their retailers charge from one model year to the next.
Consulte Mais informação »
US: Factory Orders decline by 1.6% in January vs. -1.8% expectedThe data published by the US Census Bureau revealed on Monday that new orders for manufactured goods, Factory Orders, decreased $8.9 billion, or by 1.
Consulte Mais informação »
Airlines vital to life in the North facing headwinds from worker shortagesYELLOWKNIFE — Airlines that operate in the North — where many residents rely on flights for transportation and goods — say disruptions from the COVID\u002D19…
Consulte Mais informação »