DICK'S Sporting Goods expects up to $9 billionStaff writer ▼ | April 15, 2015
DICK'S Sporting Goods updated its fiscal 2017 sales target to $8.7 to 9 billion.
Retailer Diluted EPS to grown at a CAGR of 12% to 16%
The company continues to be focused on driving profitable growth and plans to expand its operating margin by approximately 80 to 130 basis points to 9% to 9.5% in fiscal 2017, from non-GAAP operating margin of 8.2% in fiscal 2014, through both the expansion of gross margin and SG&A expense leverage.
As a result of this profitable growth and its commitment to returning capital to shareholders, the company anticipates diluted earnings per share to grow at a CAGR of 12% to 16% through fiscal 2017. ■