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Dick's Sporting Goods net income rises 56% in Q3

16
Nov '05

Leading online sporting goods retailer Dick's Sporting Goods Inc reported sales and earnings results for the third quarter ended October 29, 2005.

For the third quarter ended October 29, 2005, net income increased 56 percent to $4.2 million and diluted earnings per share increased 60 percent to $0.08, as compared to prior year net income of $2.7 million and earnings per share of $0.05, excluding merger integration and store closing costs.

Net income increased $6.2 million, to $4.2 million and diluted earnings per share increased $0.12, to $0.08, as compared to the prior year net loss of $2.0 million, and loss per share of $(0.04), including merger integration and store closing costs.

Net sales for the quarter increased 8 percent, to $582.7 million. Comparable store sales increased 2.9 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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