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Dick’s Sporting Goods Beats Earning Estimates

Sales were up 21 percent in Q2 2021

Published

3 years ago

August 25, 2021

Dick’s Sporting Goods Beats Earning Estimates — Courtesy of Dick's Sporting Goods

Dick’s Sporting Goods (Coraopolis, Pa.) reported sales increased 21 percent for its fiscal second quarter and raised its earnings outlook for the balance of 2021, reports CNBC.

Sales for the big box sporting goods retailer have been strong during the pandemic with shoppers buying outdoor equipment, clothes and footwear and golf clubs. Second quarter 2021 sales were up 45 percent from the same quarter in 2019.

Net income rose almost 80 percent to reach $495.5 million, and net sales were $3.27 billion, up from $2.71 billion the year prior. Same-store sales were also up, growing 19.2 percent in the second quarter of 2021.

Jennifer Acevedo

Jennifer Acevedo is the editor-in-chief and associate publisher of VMSD magazine.

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