Dick's Sporting Goods beat profit and sales estimates, but shares lost ground on concerns about growing inventory levels.

Dick’s Sporting Goods Inc. raised its full-year sales outlook after posting strong results in the back-to-school season ahead of the holidays, spurred by high demand for sports gear.

Dick’s Sporting Goods Inc.’s beat estimates for the third quarter and raised its guidance, boosted by a strong back-to-school season. The Pittsburgh-based company posted net income of $228 million, or $2.75 a share, for the quarter, down from $240 million, or $2.39 a share, in the year-earlier period.

Dick’s Sporting Goods lifted its sales and earnings guidance for the year after the back-to-school season boosted comparable sales in the third quarter.

Dick's Sporting Goods (NYSE:DKS) lifted its comparable sales growth outlook for the full fiscal 2025, sending its shares rising 7% in premarket trading Tuesday. The chain of sporting goods stores reported earnings per share (EPS)

Shares of Dick’s Sporting Goods Inc. ($DKS) were up more than 3% ahead of the company’s third-quarter earnings, lifting retail sentiment. Wall Street analysts expect Dick’s to announce earnings of $2.