Foot Locker integration costs and a Holiday clearance push to clean up obsolete inventory there weighed on Dick’s bottom line, sending profits down 57% to $128,337,000 from $299,969,000 while the newly acquired sneaker chain’s incremental sales pushed total Q4 revenues up 60% to $6,226,054,000 from $3,893,649,000. Blended gross margin contracted 650 basis points to 28.4%, and SG&A increased 61% in dollars, roughly in line with the top line gain and up just 20 b.p. as a percent of revenue. DKS recorded two acquisition-related charges in Q4 totaling $217.9 million to write ... Log in to view full article.