A better than expected 5.1% comp sales decline combined with total revenues that were off 5% to $3,112,419,000 in the second quarter from $3,274,842,000, led DKS to narrow its full-year guidance as it now expects sales to drop less than previously expected. Net income slid 36% to $318,502,000 from $495,509,000 in the period. DKS faced a very tough comparison against last year’s post-pandemic Q2 surge, where growing consumer optimism and government dollars sent comps up 20.2%. Transactions declined 8.4% while the average ticket increased 3.3%. Revenues increased 38% versus the second ... Log in to view full article.