Dick's Sporting Goods Inc. posted net income of $38.9 million for the second quarter, a decrease from $39.9 million in the prior year.
The direct marketer and retailer reported net sales of $1.1 billion for the quarter ended Aug. 1, a 3.7% increase over $1 billion last year.
The Pittsburgh company attributed these results in part to the addition of e-commerce sales and the opening of new stores.
“In the second quarter, we generated higher than anticipated sales, continued to effectively manage inventory, and leveraged operating expenses. As a result, we generated higher earnings from our Dick's Sporting Goods stores this year compared to the same quarter last year, in spite of the challenging economic environment," said chairman/CEO Edward W. Stack, in a statement.
