After taking a significant profit hit from impairments in Q4, aggregate sales and net income at public sporting goods companies accelerated in Q1, with revenue up 12% to $54,510.2 million from $48,868.5 million and net income up 13% to $2,921.6 million from $2,588.0 million. The only sectors to see total profits decline were Apparel and Footwear, pulled down by weak results from Lululemon and Nike. All sectors posted top-line gains, though Retail was distorted by Dick’s acquisition of Foot Locker, adding Big Foot’s revenues this year without a prior-period comparison. Return ... Log in to view full article.