By  on May 23, 2008

ATLANTA — The athletic consumer is holding back on purchasing, causing Dick’s Sporting Goods, Inc. to report a 4 percent drop in net income to $20.8 million, or 18 cents per diluted share, in the first quarter, ended May 3, from $21.7 million, or 19 cents per diluted share.

The results, which are within Dick’s March 11 earnings guidance of 16 to 19 cents per diluted share, include a pretax gain on sale of a corporate aircraft totaling $2.4 million.

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