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US retailer Dick’s Sporting Goods surged net sales to $ 2.75 billion in the third quarter of 2009

Dick’s Sporting Goods Inc, a leading American omni-channel sporting goods retailer, posted net sales of $ 2.75 billion, an increase of 13.9% compared to the third quarter of 2020. The company’s gross profit also increased by 25.4%. It has reached $ 840 million to $ 1.05 billion compared to the third quarter of last year.

Due to strong sales and increased gross margin, the Group reported consolidated net income of $ 316.5 million for the third quarter of 2021 and $ 2.78 per diluted share.

The company’s e-commerce sales also increased 97% in the third quarter of 2009 compared to the third quarter of 2019 and 1% compared to the third quarter of 2020.

Dick’s Sporting Goods Inc, a leading American omni-channel sporting goods retailer, posted net sales of $ 2.75 billion, an increase of 13.9% compared to the third quarter of 2020. The company’s gross profit also increased by 25.4%. It has reached $ 840 million to $ 1.05 billion compared to the third quarter of last year.

“Our strategy rethinks the athlete’s experience in core business and continues to work with new concepts. As mentioned earlier, we believe this year will be the most transformative year in our history. We look forward to continuing this transformation until 2022. I couldn’t get any more excited about the future of Dick’s sporting goods. ” Edward W Stack, Executive Chairman of the company, Said in a press release.

In the third quarter of 2021, the company repurchased 2.17 million shares of common stock for an average of $ 125.80 per share, for a total of $ 273.4 million, under its share buyback program.

In the 13 weeks ending October 30, 2021, we paid shareholders more than $ 500 million in dividends. This includes a previously announced special dividend of $ 5.50 per share of the company’s common stock and Class B common stock.

The company ended its third quarter of 2021 with approximately $ 1.37 billion in cash and cash equivalents, with no outstanding borrowing under the $ 1.855 billion revolving credit line. The Group’s total inventory also increased by 7.3% at the end of the third quarter of 2021 compared to the end of the third quarter of 2020.

Fiber2Fashion News Desk (DD)



US retailer Dick’s Sporting Goods surged net sales to $ 2.75 billion in the third quarter of 2009

Source link US retailer Dick’s Sporting Goods surged net sales to $ 2.75 billion in the third quarter of 2009

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