Dick's Sporting Goods profits drop, but earnings beat estimates
Tuesday, August 19, 2014 10:30 AM
Dick's Sporting Goods Inc., which operates a retail store and its Golf Galaxy business in separate locations in West Des Moines, reported a decline in second-quarter profits despite higher same-store sales, RTTNews reported. Earnings per share beat analysts' estimates. Net income slipped to $69.47 million or 57 cents per share per share from $84.16 million or 67 cents per share a year ago. Same store sales for Dick'S Sporting Goods increased 4.1 percent, while Golf Galaxy decreased 9.3 percent. The company is based in the Pittsburgh suburb of Coraopolis, Pa.