Dick’s Comps Accelerate, Sees Minimal Tariff Impact
Net income was down 6% to $112,534,000 from $119,397,000 for the 13 weeks ended Aug. 3 as total sales gained 4% to $2,259,212,000 from $2,177,488,000 that included a 3.2% comp store gain against an adjusted 4.0% comp decline last year with the brick-and-mortar stores comping positively and digital rising 21% to an indicated $271 million. The better than expected results lifted the stock 4% and DKS raised guidance for the year to a range of $3.30-3.45 per share ($303.8 mm) from $3.20-3.40, including the impact of the tariffs hitting in Sep. and Dec., with comps now expected to be up ... Log in to view full article.