After DKS’ disappointing second quarter that included a significant headwind from retail shrink, margins rebounded in Q3, but rising SG&A weighed on the bottom line, which declined 12% to $201,106,000 from $228,456,000. Revenues increased 3% to $3,042,405,000 from $2,958,861,000, including a +1.7% comp lapping last year’s very strong 6.5% increase, and the addition of Moosejaw. Transactions increased 1.1% and average ticket was up 0.6%. The quarter got off to a good start on Back-to-School traffic in Aug. and Sep., before moderating in Oct., in part due to unseasonably warm weather.

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