DICK'S Sporting (DKS) Q1 Earnings Beat Estimates, Sales Rise Y/Y

In the fiscal first quarter, the SG&A expense rate of 24.6% expanded 20 bps year over year. SG&A expenses, in dollar terms, increased 7.1% to $743.4 million and beat our estimate of $719.2 million. DICK'S Sporting Goods, Inc. (DKS) posted impressive first-quarter fiscal 2024 results, wherein the top and bottom lines beat the Zacks Consensus Estimate. Sales also improved year over year. Despite the challenging macroeconomic environment, the company has been benefiting from its strategic efforts and continued ...