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


Interviews View All

Janak Dhamanwala & Sunil Dhamanwala, Jansun

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Karel Williams, Dow Microbial Control

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Cindy McNaull, Cordura

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Hardik Sanghvi,

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Carmen Silla,

Carmen Silla

Leading the transformation of the textiles industry with disruptive...

Rajat Jaipuria,

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Robin Grankvist, OrganoClick AB

Robin Grankvist
OrganoClick AB

Robin Grankvist talks about PFCs, additives and various chemicals used in...

Davide Vigano, Sensoria

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

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


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search