Home / Knowledge / News / Apparel/Garments / Net sales at Dick's Sporting climb 10.2% in Q3FY16
Net sales at Dick's Sporting climb 10.2% in Q3FY16
21
Nov '16
Net sales at Dick's Sporting Goods climbed 10.2 per cent over a fiscal ago quarter, to $1.8 billion in the three months ended October 29, 2016, while same store sales rose 5.2 per cent as against its guidance of 2-3 per cent increase. Of overall same store sales, that of Dick's Sporting Goods grew 5.5 per cent, while that of Golf Galaxy dropped 3.3 per cent.

For the third quarter of fiscal 2016, consolidated net income was $48.9 million, or $0.44 per diluted share, compared to consolidated net income of $47.2 million, or $0.41 per diluted share in the third fiscal quarter ended October 31, 2015.

On a non-GAAP basis, consolidated net income for the reporting quarter stood at $53.6 million, or $0.48 per diluted share, which excludes costs that Dick's incurred to convert the former Sports Authority labelled stores to Dick's Sporting Goods stores.

In the prior fiscal's third quarter, the company reported consolidated non-GAAP net income of $51.9 million, or $0.45 per diluted share, which excludes a litigation settlement charge.

"We realised meaningful market share gains and saw growth across each of our three primary categories of hardlines, apparel and footwear, while maintaining tight control of our inventory," CEO Edward Stack said. "Looking ahead, we believe our assortment and marketing will help us to continue to capture displaced market share this holiday." (AR)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 3rd Dec 2020

PRC overtakes US to turn EU's biggest trading partner

China has overtaken the United States in the third quarter of this...

Pic: Shutterstock

Textiles | On 3rd Dec 2020

Vietnam's textile-garment exports likely to reach $34 bn

Vietnam's textile and garment industry is predicted to earn $33.5-$34 ...

Pic: Shutterstock

Textiles | On 3rd Dec 2020

Uzbek firm to supply cotton fabrics to Ukraine

Uzbekistan's Textile-Contact Company recently signed a $12-million...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Increased need for online fitting solutions as retailers shift to...

Top executives, Textile industry

Top executives
Textile industry

In 10 years' time, everything will have the responsible factor integrated

Stefan Warnaar, Peak to Plateau

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Nitesh Mittal,

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Dejan Lalevic,

Dejan Lalevic

Mesdan SPA, a subsidiary of Italian firm Savio Macchine Tessili,...

Christiane Thies,

Christiane Thies

Founded in 1892, Thies has concentrated on the fabrication of high-quality ...

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Justin Gutierrez, INDA

Justin Gutierrez
INDA

The Association of the Nonwoven Fabrics Industry (INDA) has created a new...

Karan Bose, Hula Global

Karan Bose
Hula Global

Hula Global, a leading isolation gown manufacturer in India, has been...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


December 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search