Dick’s Sporting Goods earnings slip 2.5%, beats Street

Pittsburgh Dick's Sporting Goods on Thursday reported a 2.5% decrease in its second-quarter profit, but results beat Wall Street estimates and the company raised its full-year outlook.

Earnings fell to $38.9 million, compared with $40 million a year earlier.

Revenue climbed about 4% to $1.13 billion, from $1.09 billion last year. Same-store sales fell 4.1%, with a 3.2% in Dick's Sporting Goods stores and an 11.1% decline in the Golf Galaxy stores.