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Dick’s Sets New Sales Records with Surge from Physical Stores

“Virtually our entire category portfolio has rebaselined meaningfully higher,” CEO Lauren Hobart said

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Credit: Dick’s Sporting Goods

Dick’s Sporting Goods set a new quarterly sales record, tallying $3.35 billion in net sales for its 2021 fiscal 4Q, a 7.3% jump from the prior year.

The banner quarter was fueled by a surge at physical stores. The retailer reported a 14% jump in brick-and-mortar sales while e-commerce dipped 11%.

For the full fiscal 2021, Dick’s totaled net sales of $12.29 billion and a 26.5% leap in same-store sales, which are also new high marks for the company.

“We’re entering 2022 with incredible momentum and confidence in our business. Virtually our entire category portfolio has rebaselined meaningfully higher versus pre-COVID sales levels. We’ve gained considerable market share in key categories,” CEO Lauren Hobart told analysts.

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