US retailer Dick's Sporting Goods' sales climb 38% in Q2

"Our second quarter performance demonstrates the strength of our core strategies and the foundational improvements we have made across our business over the past five years. In fact, we delivered approximately the same EBT in Q2 as we did in all of fiscal 2019. The state of our industry is strong, and we remain in a great lane. DICK'S is the clear market leader, and as a result of our transformation, we are well-positioned to extend our lead and deliver long-term sales and earnings growth,” said Ed Stack, executive chairman.

"We are very pleased with our second quarter results, and with our sales up 38 per cent versus Q2 2019, the Dick'S Sporting Goods consumer has held up quite well. Our inventory is healthy and well-positioned, and we are excited about our assortment for the back-to-school season. We are raising our full year 2022 outlook, which continues to incorporate an appropriate level of caution given today's uncertain macroeconomic environment,” said Lauren Hobart, president and chief executive officer.

ALCHEMPro News Desk (RR)