Sponsors
Billabong ▲ +0.015 | PPR ▲ +0.60 | American Apparel ▼ -0.011 | The Buckle ▲ +0.19 | Columbia ▲ +8.90 | Deckers Outdoor ▲ +1.33 | Dicks ▲ +0.58 | Foot Locker ▲ +0.26 | Genesco ▲ +0.44 | Iconix Brand Group ▲ +0.02 | Jarden Corp ▼ -0.37 | Nordstrom ▼ -0.03 | Luxottica ▼ -0.19 | Nike ▲ +0.24 | Pacific Sunwear ▼ -0.039 | Skullcandy ▲ +0.08 | Sport Chalet - 0 | Urban Outfitters ▼ -0.38 | VF Corp ▲ +0.43 | Quiksilver ▼ -0.025 | Zumiez ▼ -0.41 | Macys ▼ -0.27 | Tillys ▲ +0.01 |
Ticker Sponsor
Readers Say
Keeps me in the loop
Keeps me in the loop

Being an Executive Edition member allows me to not miss a beat when it comes to the Industry business news. Definitely keeps me in the loop plus goes great with my morning joe.

- By Tony Perez, Surfer and Surfing magazines
Always a good daily read
Always a good daily read

Shop-Eat-Surf creates a good source of timely information about the industry. The site makes all types and size companies feel part of a community where everyone is stoked to hear about other companies successes and ideas. It is always a good daily read.

- By Ted Li, VP of North America, Oakley
Industry Insight

AGENDA: Pre-registration and lodging specials for Vegas show, Aug. 17-19.
SIA: Cooling down NYC with annual Summer Snowdown media event.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

Dick's better than expected in Q3, cautious about Q4

By Tiffany Montgomery
November 19, 2009 6:07 AM

Industry customer Dick’s Sports Goods third quarter results turned out better than expected thanks to colder weather but the company is still cautious about the fourth quarter.

Dick’s bought Southern California based Chick’s Sporting Goods in 2007 and has reduced the number of action sports brands it carries.

Net sales: up 7.1% to $989.8 million

Consolidated same-store sales: up 1.9%, better than the 4% to 6% decline expected.

Net income: $18.9 million vs. $6.2 million the same period last year.

Inventories: down 8.6% vs. the third quarter last year.

Q4: Dick's remained cautious about the fourth quarter and expects same-store sales to decline 4% to 6%.

The company opened 11 new stores in the quarter and now operates 420 Dick’s stores in 40 states and 91 Golf Galaxy stores in 31 states.

 

 

 

 

 


Articles You Might Have Missed