×
80 968
Fashion Jobs
NORDSTROM
Inventory Control Specialist - Logistics - Fashion Valley
Permanent · San Diego
NORDSTROM
Asset Protection - Security Ambassador - Long Island Rack
Permanent · Garden City
NORDSTROM
Asset Protection - Agent - Noho West Rack
Permanent · Los Angeles
NORDSTROM
Retail Stock - Baybrook Square Rack
Permanent · Webster
NORDSTROM
Retail Stock - Potomac Mills Rack
Permanent · Woodbridge
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · North Andover
KOHLS
Part-Time Loss Prevention Associate
Permanent · Macon
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Baytown
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Dayton
FABLETICS
Senior Product Manager - Fabletics Mobile App
Permanent ·
SALLY BEAUTY CORPORATE
10768 Color Consultant
Permanent · ACWORTH
ROSS
Store Protection Specialist
Permanent · Fort Lauderdale
ROSS
Store Protection Specialist
Permanent · Medford
DESIGNER BRANDS
Ecommerce Operations Coordinator, Ked's (Open to Remote)
Permanent · Waltham
DESIGNER BRANDS
Merchandise Planner, Vmi
Permanent · Gilbert
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Rock Hill
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Rock Hill
RAG & BONE
Sales Supervisor (Full-Time) - Tampa
Permanent · Tampa
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Brand Representative, Greenwich Avenue
Permanent · Greenwich
ABERCROMBIE AND FITCH CO.
Enterprise Architect, Order Management & Supply Chain Systems (Remote)
Permanent · Columbus
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Jersey Gardens Outlet
Permanent · Elizabeth
MICHAEL KORS
Sales Supervisor, Settlers Green
Permanent · Conway
Published
Nov 25, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Dick’s Sporting Goods tops revenue estimates, ups full-year guidance

Published
Nov 25, 2021

Coraopolis, Pennsylvania-based sports equipment retailer Dick’s Sporting Goods, Inc. reported net sales of $2.75 billion in Q3 on Tuesday, a figure that represented an increase of 13.9% compared to $2.41 billion in the prior-year period and glided past analysts’ expectations for the quarter.
 

Dick's Sporting Goods reported revenue of $2.75 billionin Q3 - Instagram: @dickssportinggoods


As reported by CNBC, in the third quarter ended October 30, 2021, financial analysts had expected Dick’s to report sales of $2.50 billion.
 
Same-store sales for the period increased 12.2%, with e-commerce sales rising 1% year over year and accounting for 19% of the company’s total revenue in the quarter. Compared to the third quarter of 2019, before the Covid-19 pandemic drove many consumers online, the retailer’s e-commerce sales rose 97%.

Total-company sales increased 40.0% when compared to the revenues of $1.96 billion it posted in Q3 2019.
 
“We are extremely pleased to announce a record third quarter in which we delivered significant sales and earnings growth over both last year and 2019,” commented Dick’s Sporting Goods president and CEO Lauren Hobart in a release. “Consumer demand remained strong, and our differentiated product assortment continued to drive exceptional sales and merchandise margin momentum.”
 
Q3 net income was $316.5 million, or $2.78 per diluted share, compared to $177.2 million, or $1.84 per diluted share, in the same period in the previous year. Adjusted earnings per share for the quarter were $3.19, compared to the $1.97 predicted by analysts.
 
Year to date, Dick’s achieved net income of $1.17 billion, or $10.70 per diluted share, compared to $310.64 million, or $3.44 per diluted share, in the same nine-month period in the previous year. Net sales for the period totaled $8.94 billion, up 38.4% compared to $6.46 billion a year ago.
 
In line with its positive progress in the third quarter, Dick’s also revealed that it has increased its financial guidance for the full fiscal year 2021. The company now expects to report annual net sales of between $12.120 billion and $12.190 billion, representing year-over-year growth of 27% at the midpoint of this range. Earnings per diluted share are predicted to be in the range of $12.88 to $13.06.
 
“Our fourth quarter is off to a strong start, and we are pleased to increase our full year outlook for the third time this year,” said Hobart. “Looking ahead, we remain very confident in the longer-term prospects of our business.”

Copyright © 2023 FashionNetwork.com All rights reserved.