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Article Date: March 2021
Word Count: 763

Dick’s Sees More Normal 2021 after Extraordinary 2020


Net income in the final quarter ended Jan. 30 more than tripled to $219,614,000 from $69,819,000 as revenues surged 20% to $3,125,307,000 from $2,608,650,000 including a 19.3% blended comp gain. Brick-and-mortar comps increased 5.3%, while e-commerce sales were up 57% and accounted for 32% of total sales, compared to 25% a year ago. Hardgoods were the main sales driver, especially fitness, golf and outdoor equipment including bikes, but footwear and apparel also were strong. The quarter finished out what DKS called a remarkable year of managing through the pandemic, while 2021 is seen building on 2020’s successes, but also returning ... Log in to view full article.

 


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