Dick’s Sporting GoodsOn Tuesday, the company reported its fiscal third quarter earnings and sales. This exceeded analysts’ expectations. The sporting goods industry giant has since increased its annual forecast.

Extended trading following the news saw shares rise less than 1%

Chief Executive Lauren Hobart said that consumer demand remained strong after the summer season and back-to-school rush, and that the company’s broad assortment of products allowed it to meet many shoppers’ needs — from golf clubs to running gear.

According to Refinitiv’s poll, here’s what Dick’s did during its third fiscal quarter. It compares with analysts’ expectations.

• Earnings Per Share: 3.19 Adjusted vs. 1.97 Expected
• Revenue: $2.75Billion, vs. the $2.50B expected

The net income for the period ending Oct. 30 was $316.5million, or $2.78 per shares, up from $177.2million, or $1.84 per share, one year ago.

The company earned $3.19 per sen, which was above the $1.97 analyst had expected.

From $2.41 billion in 2012, revenue rose approximately 14% to $2.75 Billion. It exceeded expectations of $2.50 Billion.

The 12.2% increase in same-store sales was due to the fact that they track revenues at shops open at least twelve months. StreetAccount analysts had expected a rise of 1.9%, according to StreetAccount.

Dick’s stated that its online sales increased by 1% over a previous year, as many customers resorted online shopping. They were also up 97% in two years. The E-commerce business accounted for 21%, an increase of 19% from 2019.

Dick’s sales have increased and many new customers visited its websites and shops during the pandemic. Dick’s made investments to ensure that its shoppers come back. It launched a men’s athleisure brandIn March, VRST It opened its largest store yetHouse of Sport was built in April in Rochester, New York. This store features an indoor rock climbing wall as well as a putting green and health and wellbeing shop. There is also a track outside.

In August it will also be announcedIt has a partnership with its largest brand vendor Nike. Nike’s Membership Program now connects to Dick’s loyalty program so customers can shop for Nike Shoes and Apparel on Dick’s Website.

Dick’s expects to make between $12.88-$13.06 per share from sales between $12.12 and $12.19 trillion. Dick’s estimated that after accounting for Covid-19 related expenses it would earn $14.60-$14.80 per share

It had previously estimated that full-year adjusted earnings would be $12.45 to $12.95 per share based on sales between $11.52 billion and $11.72 million.

Analysts were expecting fiscal 2021 adjusted earnings per ounce of $13.13, based on $11.84 billion in sales.

Dick’s stock has been rising by nearly 150% this year. Its market capitalization is around $12.5 million.

Dick’s Sporting Goods has the complete earnings press release here.