Net income nearly tripled to $114,340,000 from $38,501,000 for the 13 weeks ended Aug. 1 as sales jumped 20% to $2,713,373,000 from $2,259,212,000 with comps soaring 20.7% overall that were up around 30% in Jun. and Jul. after the stores had all reopened. Footwear, apparel and equipment all comped positively. Not surprisingly, e-commerce played a key role with sales increasing 194% in the period and reaching a 30% penetration compared to 12% last year.

The stock jumped around 15% on the better than expected quarter to $53.60 and is nearing its all-time high of $59 in 2016, reflecting investor confidence that ... Log in to view full article.