Dick's remains “cautiously optimistic”
Dick's
Sporting Goods, Inc. has posted positive sales results for the fourth
quarter and year ended February 2. The results include results of Golf
Galaxy and Chick's Sporting Goods from their respective acquisition
dates in 2007, but not for 2006.
Net income for the 13 weeks
ended February 2 increased 8% to $73.2 million compared with prior-year
net income of $67.7 million. Sales for the quarter rose 18% to $1.2
billion, largely as a result of newly opened stores, the inclusion of
Golf Galaxy’s sales.