Dick's Sports IPO followed by record 3rd Q sales

Following an October IPO, Dick's Sporting Goods Inc. (NYSE: DKS) has reported record sales and net income results for its third quarter, ended Nov. 2.
Author:
Publish date:

Following an October IPO, Dick's Sporting Goods Inc. (NYSE: DKS) has reported record sales and net income results for its third quarter, ended Nov. 2. In its first reporting period since its initial public offering, the company announced pro forma net income for the quarter of $2.9 million, or $0.13 per diluted share, compared to pro forma net income of $1.8 million, or $0.08 per diluted share, in the prior year. For the 39 weeks ended Nov. 2, sales were $877.4 million, an increase of $143.3 million, or 20 percent over the same period in the prior year, and included a comparable sales increase of 5.2 percent. In the third quarter of fiscal 2002, the company completed an initial public offering of 8,381,320 shares of common stock, of which 2,772,000 were sold by the company and 5,609,320 were sold by selling stockholders. The company received net proceeds of $27.9 million, which were used to repay outstanding borrowings under the revolving credit facility. Dick's announced it now expects to achieve a comparable store sales increase of approximately 2.0 percent in the fourth quarter of 2002. For details: www.dickssportinggoods.com

Related

The Sports Authority records 3rd Q net loss

The Sports Authority Inc. has reported a net loss of $4.2 million or $0.13 per diluted share for the third quarter ended Nov. 2. In the comparable period of the prior year, the company recorded a net loss of $4.5 million or $0.14 per diluted share. Sales for the third quarter ...read more

Reebok 3rd Q net sales up 9 percent

Reebok International (NYSE: RBK) reported net income for the third quarter ended Sept. 30 of $53 million or 81 cents per diluted share, an earnings per share increase of 23 percent when compared to net income of $42 million, or 66 cents per diluted share in the third quarter of ...read more

Icon reports 3rd Q slide in income

In its statement filed with the Securities and Exchange Commission last week, Logan, Utah-based, Icon Health & Fitness reported net income in the third quarter ended March 1 of $20.3 million compared to net income in the third quarter a year ago of $25.5 million. Net sales for ...read more

Amer Group 3rd Q net sales down, profits up

Amer Group, new owner of Precor, has announced a decrease in third-quarter net sales to Euro 283.6 million (USD $287.3 million) from Euro 304.5 million in the same period last year, although net sales were comparable to last year's level. The decrease came partly because of the ...read more

Outdoor financials: L.L. Bean records 3rd year of growth, K2 reports Q4 loss, plus Consoltex, Kellwood, Dick's, Sports Authority, Quiksilver, Gander Mountain, Big 5, Deckers, Oakley, Sportsman's Guide, Stride Rite

L.L. Bean records third consecutive year of sales growthL.L. Bean reported net sales for 2005 increased for a third consecutive year, rising to $1.47 billion compared to $1.41 billion in 2004 – a 4 percent jump. Though not as great an increase as the 9 percent jump from $1.3 ...read more