Tuesday, March 13, 2018

Dick's Sporting Goods reports profit hike in fourth quarter, but sales take a hit

Dick’s Sporting Goods said its profit climbed during the fourth quarter to $116 million, or $1.11 per share, but a key measure of sales slipped during the quarter.

Shares of the Findlay-based retailer shed about 7 percent in pre-market trading.

Consolidated same store sales, which tracks sales in stores open at least one year, slipped 2 percent. Fourth quarter 2016 consolidated same store sales increased 5 percent.. . . more

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