The bottom line expanded 17% to $304,649,000 in Q1 from $260,559,000 last year, as 3.4% comp store growth—lapping last year’s 8.4% decline due to inventory shortages—contributed to 5% higher revenues at $2,842,181,000 against $2,700,205,000. Transactions increased 2.7% and average ticket was 0.7% higher. Temporary Warehouse Sale stores and the Moosejaw acquisition made up the balance of the sales improvement. DKS share price rose initially on the better-than-expected results, before pulling back later in the day.

DKS is encouraged by how well its customer has been holding up in the face of inflation ... Log in to view full article.