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.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)