The company incurred approximately $13 million of pre-tax incremental safety costs in response to covid-19 during the 13 weeks ended May 1, 2021, compared with $62 million last year.

Chairman Ed Stack said: “We are in a great lane right now, and 2021 will be our boldest and most transformational year in the company's history. We believe the future of retail is experiential, powered by technology and a world-class omni-channel operating model.

“Importantly, we are reimagining the athlete experience, both across our core business and through new concepts that we have been working on for the past several years, which will collectively propel our growth.”