PITTSBURGH _ Second quarter profit ticked up for Dick's Sporting Goods.
The retailer, headquartered in suburban Pittsburgh, reported consolidated net income for the second quarter of $91.4 million, or $0.82 per diluted share. That's an increase over the same period last year, when the company reported profit of $90.8 million, or $0.77 per diluted share.
Net sales for the second quarter increased 7.9 percent to about $2 billion. Consolidated same store sales increased 2.8 percent, compared to the company's guidance of negative 4 percent to negative 1.0 percent.
Same store sales for Dick's Sporting Goods increased 3 percent while Golf Galaxy fell 4.3 percent. Second quarter 2015 consolidated same store sales increased 1.2 percent.
"We are pleased with our second quarter results, particularly in light of the liquidation activity in the market," chairman and CEO Edward Stack said in a statement. "Looking ahead, we are focused on capturing the displaced market share and remain confident in our ability to strengthen our leadership position."
