Net income fell 32% to $69,819,000 from $102,555,000 for the final quarter ended Feb. 1 as sales rose 5% to $2,608,650,000 from $2,492,090,000 with a stronger than expected 5.2% comp store gain. The results included a $13,315,000 inventory writedown charge to liquidate the hunting inventory in 440 additional stores and an impairment charge of $35,650,000 related to a trademark, presumably Field & Stream, and store assets. The reset will leave Dick’s in the hunting business in only 12% of its stores, those located in rural areas where hunting for food is key and only hunting merchandise will be carried. Still ... Log in to view full article.