PITTSBURGH (BRAIN) — Dick's Sporting Goods reported net sales increased 13.9% in the third quarter year-over-year and raised its full-year guidance.
Sales for the period ending Oct. 30 were $2.75 billion, compared to $2.41 billion at the same time last year. Consolidated same store sales increased 12.2% in the third quarter. E-commerce sales rose 1% over the same period last year but 97% compared to the third quarter 2019.
Net income rose 11.5%, from $177 million to $317 million during the same span. Earnings per diluted share increased from $2.10 to $3.79.
"Our strategies continue to work as we reimagine the athlete experience in our core business and with new concepts," said Ed Stack, Dick's Sporting Goods executive chairman. "As we said before, we believe this will be the most transformational year in our history, and we expect to continue this transformation into 2022."
Dick's Sporting Goods is traded on the New York Stock Exchange under the DKS symbol. More information: DKS stock quote at NYSE.com.
