PITTSBURGH (BRAIN) — Dick's Sporting Goods reported a second consecutive year of record full-year net sales for the period ending Jan. 29.
Net sales for 2021 were $12.29 billion, increasing 28% from $9.58 billion in 2020. Record net sales also were reported in the fourth-quarter, which were $3.35 billion up 7% year-over-year from $3.12 billion The fourth-quarter sales increase includes a 14% rise in brick-and-mortar stores but an 11% decrease in e-commerce sales.
"We are extremely pleased that our team delivered the largest sales quarter in our company's history," said Lauren Hobart, president and CEO. "Our diverse category and brand portfolio, world-class omni-channel platform and strong execution continue to help us meet robust consumer demand. We are a growth company with a strong balance sheet and incredible momentum and confidence in our business. Our 2022 sales and earnings outlook establishes a new foundation for us to build on in the future."
Fourth-quarter net income increased 57%, from $220 million to $346 million year-over-year, with earnings per share rising from $2.59 to $4.33. Full-year net income rose 142%, from $530 million to $1.52 billion, and earnings per share for the year jumped from $6.29 to $18.27.
Dick's Sporting Goods is traded on the New York Stock Exchange under the DKS symbol. More information: DKS stock quote at NYSE.com.
