Dick’s Sporting Goods has posted higher second quarter profits than the same period last year, thanks to improved sales.
The company said its full-year same-store sales are currently expected to increase approximately 4 to 5% compared to a 1.4% decrease in 2009.
“We delivered strong results in the second quarter, generating our highest level of earnings per share in any second quarter and producing our fourth straight quarter of positive same store sales,” said Edward W. Stack, CEO of Dick’s. “Based on our performance and our expectations for the remainder of the year, we are raising our full year guidance and now believe that consolidated non-GAAP earnings per diluted share will increase 22 to 24% from 2009 to 2010.”
Click here to view the company’s full Q2 financial statement.
