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Dick's Sporting Goods Q2 Net Income Slightly Down
Friday, August 21, 2009 3:54 AM


(Source: Datamonitor)trackingDick's Sporting Goods has reported a consolidated net income of $38.9 million, or $0.33 per diluted share, for the second quarter ended August 1, 2009, compared to $39.9 million, or $0.34 per diluted share, for the same period of 2008.

The company reported net sales of $1.13 billion for the second quarter of 2009, compared to $1.09 billion for the same quarter of 2008.

Dick's Sporting Goods reported a consolidated net income of $49.1 million, or $0.42 per diluted share, for the first six months of 2009, compared to $59.5 million, or $0.51 per diluted share, for the corresponding period of 2008. Year-to-date net sales were $2.09 billion, compared to $1.99 billion for the first six months of 2008.

Edward Stack, chairman and CEO of Dick's Sporting Goods, said: "In the second quarter, we generated higher than anticipated sales, continued to effectively manage inventory, and leveraged operating expenses. As a result, we generated higher earnings from our Dick's Sporting Goods stores in 2009 compared to the same quarter of 2008, in spite of the challenging economic environment."

A service of YellowBrix, Inc.



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