Net income was $361,756,000 in the first quarter ended May 1, lapping a $143,422,000 loss last year in the depths of pandemic lockdowns, and up over six-fold from a $57,525,000 profit in Q1 ’19. The top line more than doubled to $2,918,719,000 from $1,333,228,000, including a 115% increase in same store sales, and was also 52% higher than 2019. Transactions increased 90% and average ticket jumped 25%. Government stimulus checks definitely put money into customers’ wallets, DKS said, but did not try to estimate the magnitude of the impact.

E-commerce sales increased 14%, lapping last year’s 110% gain, and accounted for ... Log in to view full article.