Dick’s SG Posts 5.3 Percent Comp Sales Growth In Q1; EPS Up 38 Percent
May 23, 2023
Dick’s Sporting Goods reported net sales for the fiscal first quarter* rose 5.3 percent to $2.84 billion from $2.70 billion in the prior-year Q1 period. Comparable store sales grew 3.4 percent, partially reversing the 8.4 percent comp store sales decline in the year-ago period.
Net income increased 17 percent to $305 million, or $3.40 per diluted share, in the 13-week period ended April 29, compared to $261 million, or $2.47 per diluted share in the year-ago quarter. EPS was up 38 percent for the quarter on a GAAP basis and up 19 percent on a non-GAAP adjusted basis. SGB Media