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DICK'S Sporting Goods Reported Strong Q3 Beat

DICK'S Sporting Goods, Inc. (NYSE:DKS) reported its Q3 results on Tuesday, continuing to impress investors with its ability to utilize a now improved business model to capitalize well upon significant, COVID-19-related tailwinds, within sporting goods, and discretionary, broadly. Adjusted EPS came in at $3.19, beating the consensus estimate of $1.93.

Analysts at Oppenheimer said they are now turning even more concerned that potential for outsized sales and profit expansion at the chain might be waning, as pandemic dynamics abate, and spending normalizes, at least somewhat.