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Article Date: August 2021
Word Count: 885

Dick’s Raises Guidance after Huge Q2


Net income jumped by 79% in the second quarter to $495,509,000 from $276,843,000 on 21% higher revenues of a record $3,274,842,000 against $2,713,372,000, which included a same store sales increase of 19.2% on top of last year’s 20.7% gain. The bottom line was up 340% and sales were 45% higher compared to Q2 ’19. Stores comped up nearly 40% lapping store closures last year, while e-commerce sales dipped 28% year-over-year, but were still 111% higher than in 2019. Online sales were 18% of total revenues this year, compared to 30% last year, and up from 12% the year before. Over ... Log in to view full article.

 


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