Dick's Sporting Goods Hits a Home Run as Comps Soar 20%
Dick's Sporting Goods (NYSE: DKS) touched all the bases in the second quarter, reporting record sales and earnings as consumers increasingly participated in a growing number of outdoor activities during the pandemic.
The sporting goods retailer said it reopened all of its stores during the quarter and saw same-store sales surge 20.7% from the year-ago period despite 15% of its locations being closed on average. E-commerce sales also spiked 194% higher to achieve a 30% penetration rate of total sales, compared to just 12% last year.
Revenue jumped 20% to $2.71 billion, generating $3.21 in adjusted earnings per share, blowing away analyst expectations of just $1.30 per share.
Source Fool.com
