Dick's Sporting Goods down after dour annual forecasts

Shares of retailer Dick's Sporting Goods DKS.N down ~6% at $198 premarket

Co forecasts annual net sales, comparable sales and diluted EPS largely below estimates, according to data compiled by LSEG

However, co beats estimates for Q4 sales and profit, driven by growth in transactions and average spends per transaction

Separately, co said its board approved a new five-year share repurchase program of up to $3 billion of stock on Monday

DKS rose 55.7% in 2024, and fell ~8% YTD as of last close