Dick's Sporting Goods Expects Store Growth
New York City, Dick's Sporting Goods' CFO Timothy Kullman announced at a Bank of America conference in San Francisco on Monday that the company expects its number of stores to rise by 15% annually, with the potential for 800 stores throughout the country. Kullman said that he expects growth in new, as well as existing, markets.
According to Kullman, Florida, Texas, California and Arizona have maximum long-term growth opportunities for the company. Dick's also expects to keep up long-term annual earnings per-share growth of around 20%, Kullman said.