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DICK'S Sporting Goods expects up to $9 billion

Staff writer ▼ | April 15, 2015
DICK'S Sporting Goods updated its fiscal 2017 sales target to $8.7 to 9 billion.
DICK'S Sporting Goods
Retailer   Diluted EPS to grown at a CAGR of 12% to 16%
This is representing a 3-year compounded annual growth rate (CAGR) of approximately 8% to 10% from fiscal 2014 sales of $6.8 billion.

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.