Net income improved by 13% in the third quarter to $227,813,000 from $201,106,000 on revenues that inched up to $3,057,181,000 from $3,042,405,000, including a $105 million unfavorable impact from the calendar shift of a week out of Q3 and into Q2. Comp store sales increased 4.2%, or +4.7% adjusted for the calendar, while average ticket was up 4.8% and transactions grew 0.6%.

Back-to-school sales were very strong, led by footwear, athletic apparel, and team sports, but categories like outdoor living and golf also performed well, as DKS sees its customers prioritizing just ... Log in to view full article.