Dick's raises 4Q earnings guidance

PITTSBURGH Dick's Sporting Goods today announced that it is raising its fourth quarter earnings guidance.

The company said it now expects fourth quarter earnings per diluted share to be in the range of 60 cents to 61 cents. In it previous guidance provided on Nov. 20, Dick's called for earnings per diluted share of approximately 59 cents.

Dick's said it expects to at least meet its comparable-store sales guidance provided on Nov. 20 of an increase of approximately 2%, or approximately 2.5% adjusting for the shifted retail calendar, which compares to a 2% increase in the fourth quarter 2006.