Categories AlphaGraphs, Consumer, Earnings

DKS Earnings: Highlights of DICK’S Sporting Goods’ Q4 2023 results

DICK’S Sporting Goods, Inc. (NYSE: DKS) on Thursday announced financial results for the fourth quarter of 2023, reporting an increase in sales and profit.

Dick’s Sporting Goods Q4 2023 earnings infographic

Net sales of the sportswear company increased 8% year-over-year to $3.88 billion in the January quarter. Comparable store sales rose 2.8%, which is slower than the 5.3% growth achieved in the prior-year quarter.

Net income, on a reported basis, increased to $296 million or $3.57 per share in the fourth quarter from $236 million or $2.60 per share last year. Adjusted earnings were $3.85 per share, up 31%.

“With our industry-leading assortment and strong execution, we capped off the year with an incredibly strong fourth quarter and holiday season. Even excluding the extra week, this was the largest sales quarter in the history of the Company, and during the fourth quarter, we drove significant gross margin and EBT margin expansion. Our full year comps increased 2.4%, driven by growth in transactions, and we continued to gain market share,” said Lauren Hobart, CEO of DICK’s Sporting.

Prior Performance

Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.

Most Popular

Citigroup (C) reports lower revenue and profit for Q1 2024; results beat

Banking behemoth Citigroup Inc. (NYSE: C) Friday reported a decrease in revenue and net income for the first quarter of 2024. However, the numbers came in above analysts' estimates. Net

WFC Earnings: Key quarterly highlights from Wells Fargo’s Q1 2024 financial results

Wells Fargo & Company (NYSE: WFC) reported first quarter 2024 earnings results today. Total revenue rose 1% year-over-year to $20.8 billion. Net income decreased 7% to $4.6 billion while EPS

JPM Earnings: All you need to know about JPMorgan’s Q1 2024 earnings results

JPMorgan Chase & Co. (NYSE: JPM) reported first quarter 2024 earnings results today. Reported net revenue was $41.9 billion, up 9% year-over-year. Managed net revenue was $42.5 billion, up 8%

Add Comment
Viewing Highlight