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Dick’s Sporting Goods delivered double-digit earnings before taxes (EBT) margin of 11.3 per cent. The company reported earnings per diluted share of $3.30, reflecting a 4 per cent growth in EBT. Additionally, net income for the quarter reached $275 million, the company said in a press release.
Dick’s Sporting Goods reported net sales of $3.02 billion in Q1 FY24, a 6.2 per cent increase from the previous year, driven by a 5.3 per cent rise in comparable sales.
The company delivered an EBT margin of 11.3 per cent and earnings per diluted share of $3.30, reflecting 4 per cent EBT growth.
Net income for the quarter reached $275 million.
“Our strong first quarter results continue to prove that Dick’s is the go-to destination for sport and sport culture in the US. The product pipeline from our key brand partners and our vertical brand portfolio has never been better. We have significant momentum and are excited about the differentiated product and compelling experience we are providing,” said Ed Stack, executive chairman.
Fibre2Fashion News Desk (DP)
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