×
60 575
Fashion Jobs
MACY'S
Asset Protection Detective, South Shore Plaza - Full Time
Permanent · Braintree
TJX COMPANIES
Product Manager
Permanent · Framingham
HOMEGOODS
70118-lp Detective
Permanent · Raleigh
TJ MAXX
District Loss Prevention Manager - Los Angeles, ca
Permanent · Culver City
TJX COMPANIES
Loss Prevention Investigator (National Task Force) - Deptford, nj
Permanent · Deptford
TJ MAXX
Warehouse Supervisor
Permanent · University Park
TJX COMPANIES
Product Manager
Permanent · Framingham
TJ MAXX
Loss Prevention Detective
Permanent · Somerville
TJ MAXX
tj Maxx Loss Prevention Detective Full-Time
Permanent · Denver
TJ MAXX
Loss Prevention Detective
Permanent · Boston
LULULEMON
Store Business Lead | Garden State Plaza
Permanent · Paramus
LEVI'S
Stock Lead, Part- Time, Levi’s® Retail, 34th Street, New York
Permanent · New York
ABERCROMBIE AND FITCH CO.
Abercrombie & Fitch - Manager in Training, Victoria Gardens
Permanent · Rancho Cucamonga
ATHLETA
General Manager - Santana Row (New Store)
Permanent · San Jose
NEIMAN MARCUS
Senior Director, General Manager, Palo Alto
Permanent · Palo Alto
ROSS STORES
Store Protection Specialist
Permanent · Hyattsville
MACY'S
Asset Protection Detective, Santa Anita - Standard Part Time
Permanent · Arcadia
MACY'S
Asset Protection Security Guard, The Market at West Bend - Part Time
Permanent · Tarrant
MACY'S
Asset Protection Security Guard, Herald Square - Full Time
Permanent · New York
MACY'S
Asset Protection Detective, Roosevelt Field - Part Time
Permanent · Garden City
MACY'S
Asset Protection Detective, City Creek Center - Full Time
Permanent · Salt Lake City
MACY'S
Asset Protection Detective, Pentagon City - Full Time
Permanent · Arlington
Published
May 26, 2022
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Dick's Sporting Goods Q1 sales dip, earnings hit hard

Published
May 26, 2022

Dick's Sporting Goods announced on Wednesday revenues for the first quarter fell by more than 7%, on the back of plunging comparable sales, as the company was hurt by "evolving macroeconomic conditions."


Despite the negative earnings update, the company said "continued to move with agility and execute well in a highly dynamic environment." - Dick's Sporting Goods


The Pittsburgh-based company said net revenues for the quarter ending April 30 fell 7.5% to $2.7 billion, from $2.9 billion in the prior-year quarter.

The company said comparable store sales were down 8.4%, while net income plummeted 28% to $260.6 million, from $361.8 million in the quarter last year. Earnings per diluted share fell $2.47, from $3.41 per share, a year earlier.

Despite the negative earnings update, the company said "continued to move with agility and execute well in a highly dynamic environment."

"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," said Lauren Hobart, president and chief executive officer.

"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."

As a result of the first quarter, the company said it now expects same-store sales to be down 2% to 8%, versus prior expectations for sales to be flat to down 4% for the fiscal year. The company now expects to earn between $9.15 and $11.70 per share for the year.
 

Copyright © 2022 FashionNetwork.com All rights reserved.