Dick's Sporting Goods (DKS) Declares $0.15125 Quarterly Dividend; 1.1% Yield

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Go back to Dick's Sporting Goods (DKS) Declares $0.15125 Quarterly Dividend; 1.1% Yield

DICK'S Sporting Goods Reports Second Quarter Results; Exceeds Earnings Expectations and Raises Full Year Guidance

August 16, 2016 7:30 AM EDT

PITTSBURGH, Aug. 16, 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 second quarter ended July 30, 2016.

Second Quarter Results

The Company reported consolidated net income for the second quarter ended July 30, 2016 of $91.4 million, or $0.82 per diluted share, compared to the Company's expectations provided on May 19, 2016 of $0.62 to 0.72 per diluted share. For the second quarter ended August 1, 2015, the Company reported consolidated net income of $90.8 million, or $0.77 per diluted share.

Net sales for the second quarter of 2016 increased 7.9% to... More