DICK’S Sporting Goods Reports Strong Financial Performance in Q4 2023
Thursday, 14 March 2024, 12:45
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.
Key Points:
- Net sales increased 8% year-over-year to $3.88 billion.
- Comparable store sales rose 2.8%.
- Net income increased to $296 million or $3.57 per share.
- Adjusted earnings were $3.85 per share, up 31%.
CEO Lauren Hobart stated: “With our industry-leading assortment and strong execution, we capped off the year with an incredibly strong fourth quarter and holiday season. This was the largest sales quarter in the history of the Company, with significant gross margin and EBT margin expansion. Our full-year comps increased 2.4%.”
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.