A one-time benefit from the credit card interchange fee settlement more than offset Foot Locker integration charges in the first quarter, sending net income up 21% to $319,822,000 from $264,288,000 on 63% higher sales of $5,164,504,000 against $3,174,677,000. The interchange fee benefit was $150.0 million, and DKS received an additional $24.5 million from a landlord for an early termination of a store lease. Big Foot-related costs totaled $96.5 million, including $42.7 million in inventory write-downs and liquidation, along with merger and integration costs of $53.8 million. Adjusted net income was down ... Log in to view full article.