Net sales increased 16 percent to $1,380 million while comparable store sales increased 6.9 percent. The former Galyan's stores are not included in the year-to- date comparable store sales calculation as they were not in the comp store base at the beginning of 2006.
Third Quarter 2006
Based on an estimated 55 million shares outstanding, the Company is providing earnings guidance of approximately $0.03 -0.04 per share (which includes $0.07 of stock option expense per share).
This represents an increase over third quarter 2005 proforma earnings per share of $0.02 (which has been adjusted for $0.06 of stock option expense per share as if the Company expensed stock options).Comparable store sales are expected to increase approximately 3 - 4 percent.
The Company expects to open approximately 27 new stores in the third quarter.
Conference Call
The Company will be hosting a conference call today at 10:00 am Eastern time to discuss the second quarter results. To listen to the live call, please go to the web site at least fifteen minutes early to register, download and install any necessary audio software.
Pittsburgh-based Dick's Sporting Goods Inc is an authentic full-line sporting goods retailer offering a broad assortment of brand name sporting goods equipment, apparel, and footwear in a specialty store environment.
Dick's Sporting Goods Inc
marketing@alchempro.com
