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Dick’s Sporting Goods Inc. (NYSE: DKS) reported third-quarter 2019 results before markets opened Tuesday morning. The sporting goods retailer reported adjusted diluted earnings per share (EPS) of $0.52 on revenues of $1.96 billion. In the same period a year ago, the company reported EPS of $0.39 on revenue of $1.86 billion. Third-quarter results compare to consensus estimates for EPS of $0.38 and $1.91 billion in revenue.

Same-store sales for the second quarter jumped by 6% compared to the same period last year. GAAP EPS for the first half of 2019 totaled $0.66 and includes a $25 million gain on the sale of subsidiaries, a $6.6 million charge for the closing of eight Field & Stream stores, and a non-cash impairment charges of $5.6 million related to the carrying value of a corporate airplane that is being held for sale.

Dick’s raised full-year GAAP EPS guidance from a prior range of $3.30 to $3.45 to a new range of $3.63 to $3.73. Adjusted EPS is tabbed at $3.50 to $3.60 excluding gains on the sales of subsidiaries, non-cash impairments, the closing of Field & Stream stores, and a favorable litigation settlement of $6.4 million reached in the second quarter. Full-year same-store sales are projected to rise by 2.5% to 3%, compared with a decline of 3.1% in 2018.

CEO Edward W. Stack said:

We saw increases in both average ticket and transactions, as well as growth across each of our three primary categories of hardlines, apparel and footwear. As we head into the holiday season, we remain very enthusiastic about our business, and we are pleased to increase our full year sales and earnings outlook for the third time this year.

Lauren R. Hobart, the company’s president, added:

The momentum in our stores continued to build with our focus on service standards, recognition of great results and stronger marketing. Combining this with the successful openings of our new eCommerce fulfillment centers and enhanced website functionality, we continue to build one of the best omni-channel experiences in retail.

For the fourth quarter, analysts expect EPS of $1.16 and sales of $2.56 billion. For the full year, the consensus estimates call for full-year EPS of $3.41 and sales of $8.66 billion.

Net sales are up 3.3% for the first nine months of the fiscal year and same-store sales are up 3.1% compared with a 3.9% drop for the first nine months of 2018. The company raised guidance for the second time this year. There’s a lot to like here.

Dick’s shares traded up nearly 8% in Tuesday’s premarket at $42.50 above the 52-week range of $29.69 to $41.65. The 12-month consensus price target was $40.83 before this morning’s announced results.