“
Net income for the first quarter rose to $60.1 million at Dick’s Sporting Goods, up from the same quarter the year before, when it were $58.2 million. Sales were also up, increasing 4.6% to $1.91 billion.
The financial results are being closely watched in the gun community because of Dick’s strong stance in the gun debate. After the Parkland, Fla., shooting, the retailer announced it would remove assault weapons from its Field & Stream stores and stop selling guns and ammunition to people under 21.
The results indicate that, at least so far, the threatened boycotts by the gun community and actions by gun manufacturers to isolate Dick’s didn’t have an effect on the retailer’s financial picture.”
In the first quarter, the company opened eight new Dick’s Sporting Goods stores. As of May 5, 2018, according to the release, the company operated 724 Dick’s Sporting Goods stores in 47 states, 94 Golf Galaxy stores in 32 states, and 35 Field & Stream stores in 16 states. Adjusted for the calendar shift due to the 53rd week in 2017, consolidated same store sales decreased 2.5% on a 13-week to 13-week comparable basis, the company reported.–
Forbes, “In A Repudiation of the NRA, Sales Were Up at Dick’s Sporting Goods.”
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