Dick's Sporting Goods raises guidance, says shoppers are spending more on sneakers and athletic gear

A shopping cart sits in front of a Dick's Sporting Goods store on August 26, 2020 in Daly City, California. Dick's Sporting Goods on Wednesday said customers are spending more on new sneakers and athletic gear, leading the retailer to raise its full-year earnings guidance. Shares jumped about 7% in premarket trading. Sales rose to $3.02 billion, up about 6% from $2.84 billion a year earlier. The strong quarter led Dick's to raise its full-year guidance. The retailer is now expecting earnings per share to be ...