Categories AlphaGraphs, Consumer, Earnings
DKS Earnings: DICK’S Sporting Goods Q1 sales, profit decline
DICK’S Sporting Goods, Inc. (NYSE: DKS) on Wednesday reported lower earnings and net sales for the first quarter of 2022 amid weak comparable sales performance. Net sales decreased 7.5% year-over-year to $2.7 billion in the first quarter when consolidated same-store sales dropped 8.4%.
Adjusted earnings declined to $2.85 per share during the three-month period from $3.79 per share a year earlier. Unadjusted profit was $260.6 million or $2.47 per share in the latest quarter, compared to $361.8 million or $3.41 per share in the first quarter of 2021.
Check this space to read management/analysts’ comments on DICK’s Sporting Goods’ Q1 earnings
“Over the past two years, we have demonstrated our ability to adeptly manage through the pandemic and other challenges – and we are confident in our continued ability to adapt quickly and execute through uncertain macroeconomic conditions. DICK’S has a unique and powerful position in the marketplace, and we remain confident in our strategies and our ability to deliver long-term sales and earnings growth,” said Lauren Hobart, CEO of Dick’s Sporting.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Cost reduction has become a priority for FedEx (FDX) after a challenging quarter
Shares of FedEx Corporation (NYSE: FDX) were up 1% on Tuesday. The stock has dropped 44% year-to-date and 34% over the past 12 months. The company delivered mixed results for
Prime Medicine is the next big biotech to pursue IPO. Here’s all you need to know
After a soft start to the year, the IPO market has witnessed muted activity so far though a few big companies entered the stock market. On the heels of AIG
Stock Watch: Is Darden Restaurants a good buy after earnings?
After a prolonged slowdown, the restaurant industry is returning to normal patterns but macroeconomic uncertainties and high inflation are currently playing spoilsport for it. While the pandemic-related slump forced many
