Dick’s Sporting Goods Inc (NYSE:DKS) reported second-quarter adjusted earnings per share of $4.37, beating the street view of $3.83.
Quarterly sales of $3.474 billion (up 7.8%) beat the analyst consensus of $3.437 billion.
Comparable sales rose 4.5% compared with 2% growth a year ago. Gross profit margin expanded to 36.73% from 34.42% year over year.
“We delivered a very strong second quarter…Our Q2 comps were driven by growth in average ticket and transactions, and with growth in sales, gross margin expansion and SG&A leverage, we delivered EBT margin of nearly 14%,” said Lauren Hobart, President and Chief Executive Officer.
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