Goldman Sachs Upgrades Dick's Sporting Goods (DKS) to Buy
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DICK'S Sporting Goods Reports First Quarter Results
May 19, 2016 7:30 AM EDTPITTSBURGH, May 19, 2016 /PRNewswire/ -- DICK'S Sporting Goods, Inc. (NYSE: DKS), the largest U.S. based full-line omni-channel sporting goods retailer, today reported sales and earnings results for the first quarter ended April 30, 2016.
First Quarter Results
The Company reported consolidated net income for the first quarter ended April 30, 2016 of $56.9 million, or $0.50 per diluted share, compared to the Company's expectations provided on March 8, 2016 of $0.48 to 0.50 per diluted share. For the first quarter ended May 2, 2015, the Company reported consolidated net income of $63.3 million, or $0.53 per diluted share.
Net sales for the first quarter of 2016 increased 6.1% to... More
