“Dick’s Sporting Goods blows past earnings estimates but issues cautious guidance ahead of 2024 election”

“…The sporting goods store comes behind a string of other retailers that issued muted or cautious guidance for the back half of the fiscal year as companies prepare for the presidential election in November and what some fear could lead to a slowdown in consumer spending. 

Here’s how Dick’s did compared with what Wall Street was anticipating, based on a survey of analysts by LSEG:

• Earnings per share: $4.37 vs. $3.83 expected
• Revenue: $3.47 billion vs. $3.44 billion expected

The company’s reported net income for the three-month period that ended Aug. 3 was $362 million, or $4.37 per share, compared with $244 million, or $2.82 per share, a year earlier. 

Sales rose to $3.47 billion, up about 8% from $3.22 billion a year earlier. Comparable sales climbed 4.5% — ahead of the 3.6% that analysts had expected, according to StreetAccount…”

https://www.cnbc.com/2024/09/04/dicks-sporting-goods-dks-earnings-q2-2024.html

They’re not worried about a “slow down in spending.” The deepstate will crash the economy under a Trump presidency because of political infighting. The country is being held hostage. Dick’s just can’t come out and say that.