In the first quarter, the company opened eight stores, one each in Cleveland, OH; Long Island, NY; Augusta, ME; Chicago, IL; Minneapolis, MN; Virginia Beach, VA; Boston, MA and Rockaway, NJ. It also relocated two stores, one each in Milford, CT which was a relocation of the Orange, CT store and Dulles, VA which was a relocation of the Sterling, VA store.
During 2006, the company expects to incur approx. $25 million of stock option expense on a pre-tax basis, or $0.27 per share after tax. Comparable store sales are expected to increase approx. 3 percent on a 52-week to 52-week comparative basis.
The company expects to open 40 new stores in 2006. Two stores were relocated in the first quarter of 2006. For second quarter 2006, comparable store sales are expected to increase approx. 3-4 percent. It expects to open five new stores in the second quarter.
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. It operates 263 stores in 34 states primarily throughout the Eastern half of the US.
Dick's Sporting Goods Inc
marketing@alchempro.com
