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Article Date: March 2019
Word Count: 865

Dick’s Accelerates Transformation, Sees Positive Comps Returning in Q2


Still lapping its decision to change its gun sales policy plus a 14th week last year, Dick’s net income fell 12% to $102,555,000 from $115,951,000 for the 13 weeks ended Feb. 2 with sales down 6% to $2,492,090,000 from $2,664,122,000 on a 2.2% comp store decline adjusted for the extra week. Digital sales remained strong with a 17% gain and accounted for 23% of sales in Q4, up from 19% prior. DKS pointed to positive results in its core categories that were offset by the expected decline in gun sales and fitness trackers as the reason for the decline and ... Log in to view full article.

 


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