Dick’s Reports Huge Q2 Earnings
August 25, 2021
The retailer generated $3.27 billion in revenue in Q2 2021, a 20.7% increase compared to the same period a year prior.
Dick’s surpassed Wall Street estimates of $2.85 billion in revenue.
The quarter was driven by same-store sales, which increased 19.2% year-over-year. E-commerce sales decreased 28% compared to Q2 2020 following the lifting of temporary store closures due to the global pandemic.
The company’s net income reached $495.5 million in Q2 2021, up from $276.8 million during the same period last year. FOS