08-25-2021, 05:11 PM
(08-25-2021, 12:38 PM)ken-do-nim Wrote: Wow! Any idea why Dick's is suddenly doing so well?
Because all the ladies like to shop there
ohhhhhhThere killing in golf, sneakers and sports equipment. And online sales are growing fast. Go in to a store and you will see why.
Dick's net sales jumped 20.7% year over year to $3.27 billion, fueled by a 19.2% increase in same-store sales.
But at these levels its no longer a buy. One big reason it shot up so much was because of the heavy short positions that had to cover today. 18% of the float was shorted.
The question is how much better can the story get and can they keep up that sales growth?