NEW YORK — Shares of Sports Authority Inc. reached a 52-week high in midday trading Monday — and locked in an 8 percent increase for the day — after the company dramatically raised earnings guidance.
For the third quarter ending Nov. 1, the Englewood, Colo.-based sporting goods retailer said it expects earnings of between 13 cents and 15 cents a diluted share compared with earlier guidance of between 3 cents and 5 cents. Total sales for the period are expected to come in around $550 million with comparable-store sales increases in the 1 to 2 percent range.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"