Preview - Please log in to view full article.

Article Date: November 2017
Word Count: 952

Dick’s Beats Expectations but Sees More Pain in 2018


Dick’s was able to hold serve comfortably as far as its earnings guidance in reporting net income of $36,913,000, down 25% from the results comping against the Sports Atrocity exit of $48,914,000, with sales growing 7% to $1,944,187,000 compared to $1,810,347,000 for the 13 weeks ended Oct. 28. Overall comps fell 0.9% with digital sales up 16% to an indicated $200.3 million against $173.8 million. However, it sees the promotional environment lasting through Q4 and into 2018, especially in H1, and told investors it would take the long view and increase spending on digital, store experience, private label and team ... Log in to view full article.

 


Already a subscriber?

User Name:  

Password:  


Not yet a subscriber?

Try SGI for a month FREE. You’ll get our daily news feed, weekly newsletter, and access to the last two months of SGI articles.

Start a new subscription to SGI, or order any of our other products.