DICK’S Sporting Goods, Inc. (NYSE: DKS) reported fourth quarter 2021 earnings results today.
Net sales increased 7.3% year-over-year to $3.35 billion. Consolidated same-store sales increased 5.9%.
Net income rose 43% YoY to $346.1 million, or $3.16 per share, driven by strong sales and merchandise margin rate expansion. Adjusted net income increased 50% to $352.1 million, or $3.64 per share.
For the full year of 2022, consolidated same store sales are expected to range between negative 4% to flat. GAAP EPS is estimated to be $9.96-11.13 while adjusted EPS is expected to be $11.70-13.10.
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