Golf Galaxy acquisition behind growth at Dick's
American retailer Dick's Sporting Goods, Inc. has reported improved sales and earnings results for the third quarter ended November 3.
Net income increased 57% to $12.2 million compared with prior year net income of $7.8 million. Net sales for the quarter increased 18% to $838.8 million, driven by the opening of new stores and the inclusion of Golf Galaxy in this year’s quarterly results. The company opened 25 stores during the quarter.
Net income for the 39 weeks ended November 3 increased 82% to $81.9 million compared with $44.9 million in the prior-year period. Sales increased 28% to $2.7 billion compared with a 7.7% increase in the same period last year.
 
                 
                     
                     
                     
                     
     
 
