Dick’s Projects Sales Growth at Namesake Stores, Foot Locker

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  We had Dick's Sporting Goods reporting results.

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  They forecast full year sales growth across the company's namesake brand stores,

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  as well as at the newly acquired Foot Locker chain.

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  With us is Lindsay Dutch,

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  Bloomberg Intelligence consumer hardline senior analyst on earnings from Dick's.

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  Lindsay, can you just run us through this report?

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  What were the key takeaways?

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  Hi, thanks for having me.

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  Yes,

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  solid results coming out of the Dick's legacy business in the fourth quarter despite a highly promotional holiday environment.

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  And I think even more importantly,

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  the The turnaround at Foot Locker is starting to show green shoots,

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  and Dick's was really under a lot of pressure to show that they can execute on their plan to turn this business around.

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  Guidance really is forecasting slight growth in same-source sales for Foot Locker,

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  and I think that's a positive sign that this turnaround is underway.

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