ATLANTA — With consolidated same-store sales down 3.7 percent in the second quarter, Dick’s Sporting Goods reported a 16.5 fall in second quarter net income to $41.1 million, or 35 cents per diluted share, from $47.9 million, or 41 cents per diluted share a year ago.
Excluding the impact of costs related to the integration of Golf Galaxy, which Dick’s acquired in 2007, net income for the quarter, which ended Aug. 2, was $45.5 million, or 39 cents per share. Guidance provided by Dick’s on May 22 projected earnings between 34 and 38 cents per diluted share.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"