Dick’s Sporting Goods raises guidance, says shoppers are spending more on sneakers and athletic gear

Dick’s Sporting Goods on Wednesday said customers are spending more on new sneakers and athletic gear, leading the retailer to raise its full-year earnings guidance. Shares jumped about 7% in premarket trading. The big-box sports store’s comparable sales grew 5.3% during its fiscal first quarter, well ahead of the 2.4% growth that analysts had expected, according to StreetAccount.