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Dick’s Sporting Goods on target for strong Q2 sales

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Estimates suggest the chain will eclipse the $2.16 billion sales posted for the same period last year.

Dick’s Sporting Goods, one of the biggest retailers of fishing tackle in the US, is anticipated to post sales in the region of $2.23 billion for the second quarter of this year.

According to investment resource Zacks, estimates from seven analysts suggest the big box chain will eclipse the $2.16 billion sales posted for the same period last year.

Looking further ahead, analysts following the Pennsylvania-based business expect it to report full year sales of $8.67 billion for the current year. Results for the second quarter will be announce on August 29th.

The Fortune 500 company, which includes Field & Stream among its subsidiaries, announced that it would no longer sell assault-style firearms following the Parkland school shooting that killed 17 earlier this year. CEO Edward Stack said the decision “would not be positive from a sales standpoint.”

Although the main business of Dick’s is in other sporting goods, the company – with approaching 700 stores – is among the biggest suppliers of fishing tackle after Bass Pro/Cabela’s.

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