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Article Date: September 2024
Word Count: 530

Dick’s Q2 Profits Surge Higher, Raises Earnings Guidance


Building on first quarter momentum, net income jumped 48% to $362,230,000 from $244,331,000 on 8% higher revenues of $3,473,635,000 up from $3,223,643,000, including 4.5% comp store sales growth that reflected a 3.5% higher average ticket and 1.0% more transactions. The top line results benefitted by about $95 million from the favorable calendar shift this year, moving a key Back-to-School week from Q3 into Q2. DKS recent run of success has largely ignored pressures that other retailers are experiencing from soft traffic and skeptical shoppers. Only JD Sports, which pre-announced its H1 ... Log in to view full article.

 


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