Tuesday, March 12, 2019

Dick's Sporting Goods shares slide as sales continue to fall

Dick's Sporting Goods Inc. posted another quarter of falling profit, sales and same-store sales.

Pittsburgh-based Dick's said it had net income of $102.6 million after earnings of $116.0 million in the year-earlier period. Sales fell to $2.49 billion from $2.66 billion. Same-store sales fell 2.2% on a 13-week to 13-week basis, but were down 3.7% on an unshifted calendar basis. CEO Edward Stack said the company was pleased with the fourth quarter numbers. . . . more