PITTSBURGH (BRAIN) — Dick's Sporting Goods' first-quarter net sales increased 5.3% year-over-year, driven by a 2.7% increase in transactions and higher average ticket.
Net sales for the quarter ending April 29 were $2.84 billion, compared with $2.7 billion at the same time last year. Net income for the quarter was $305 million, up 17% from $261 million. Earnings per share increased 38%, from $2.47 to $3.40.
"Even as consumers face macroeconomic uncertainties, our athletes have continued to prioritize sport and rely on Dick's to meet their needs, and we continue to gain market share," said Lauren Hobart, Dick's president and CEO. "We remain confident in our ability to drive sales and profitability growth in 2023 and over the long term."
Dick's Sporting Goods is traded on the New York Stock Exchange under the DKS symbol. More information: DKS stock quote at NYSE.com.
