Dick’s Sporting goods gave its shareholders a holiday surprise Tuesday morning when the company reported better-than-expected third-quarter results, increased its full-year guidance and declared its first ever dividend.
Walmart delivered a long awaited same-store sales increase of 1.3% at its U.S. stores division in the third quarter and pointed to ongoing momentum for the holidays with comps guidance in the range of flat to up 2%.
Profits at Staples grew 13% to $326 million and earnings per share grew 18% to 47 cents as the nation’s leading office products company overcame weak revenue growth that saw sales advance half a percent to $6.6 billion.
Office Depot announced that Steve Schmidt has been named president international. Schmidt, who previously served as EVP corporate strategy and new business development, will continue to report to Neil Austrian, chairman and CEO of Office Depot.