Dick's Sporting Goods CEO to step down
Tweet
Share
E-mail
FILE PHOTO: Shoppers load purchased merchandise into a truck outside a Dick's Sporting Goods store in Collegeville, Pennsylvania U.S. November 20, 2020. REUTERS/Mark Makela
(Reuters) - Dick's Sporting Goods Inc said on Tuesday Chief Executive Officer Edward Stack will step down from the role and the take the mantle of executive chairman from Feb. 1, 2021.
The company said its board had elected Lauren Hobart, the president of DICK'S, as CEO, also effective Feb. 1.
The sporting goods retailer reported a 23% rise in third-quarter revenue to $2.41 billion. Analysts had expected sales of $2.23 billion, according to IBES data from Refinitiv.
(Reporting by Akanksha Rana in Bengaluru; Editing by Aditya Soni)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla touts European supervised self-driving safety data ahead of EU vote
- Evercore upgrades Duolingo, sees strong user growth and earnings upside
- Will U.S. data allow the Fed to remain patient?
Create E-mail Alert Related Categories
General News, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
