Dick's Sporting Goods Q4 income grows 25%

08 Mar '06
1 min read

Sporting goods retailer Dick's Sporting Goods Inc reported sales and earnings results for the fourth quarter and year ended January 28, 2006.

Fourth Quarter Results

Net income increased 25 percent to $54.0 million and earnings per share increased 23 percent to $1.00, as compared to prior year net income of $43.3 million and earnings per share of $0.81, excluding merger integration and store closing costs and gain on sale of investment.

On a GAAP basis, net income increased 28 percent and earnings per share increased 27 percent, as compared to the prior year net income of $42.3 million and earnings per share of $0.79.

Net sales for the quarter increased 8 percent, to $849.5 million.

Comparable store sales increased 4.1 percent.

The former Galyan's stores will be included in the comparable store base beginning in the second quarter of fiscal 2006.

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Pittsburgh-based Dick's Sporting Goods Inc is an authentic full-line sporting goods retailer offering a broad assortment of brand name sporting goods equipment, apparel, and footwear in a specialty store environment.

As of October 29, 2005 the Company operated 255 stores in 34 states primarily throughout the Eastern half of the US.

Dick's Sporting Goods Inc

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