Dick's Sporting Goods Inc reported quarterly results that comfortably beat Wall Street estimates, helped by stronger sales at its online business and Golf Galaxy stores.

Photo: Dick's Sporting Goods

The largest publicly traded U.S. sporting goods retailer, also raised its full-year earnings per share outlook to $2.45 to $2.48 from $2.38 to 2.41. Analysts on average expected earnings of $2.43 per share, according to Thomson Reuters I/B/E/S.

First-quarter net income rose to $57.2 million, or 45 cents per share, compared with $37.5 million, or 30 cents a share, a year ago.

Net sales rose 15 percent to $1.3 billion, with same-store sales - or those at stores open at least a year - increasing 8.4 percent.

Analysts were expecting earnings of 38 cents per share on revenue of $1.23 billion.

Same-store sales at Golf Galaxy stores rose 12.6 percent, while eCommerce sales jumped 33.4 percent.

Shares of Pittsburgh-based Dick's closed at $47.24 on Monday on the New York Stock Exchange.