US’ Dick’s Q3 sales jump after Foot Locker deal, but net income falls

Dick’s Sporting Goods has posted a 36.3 per cent jump in Q3 sales to $4.17 billion following its Foot Locker acquisition.
Consolidated net income declined to $75 million due to higher taxes and integration effects.
Non-GAAP Dick’s Business earnings remained stable, with EPS slightly rising to $2.78 and comparable sales up 5.7 per cent.Dick’s Sporting Goods has posted a 36.3 per cent jump in Q3 sales to $4.17 billion following its Foot Locker acquisition.
Consolidated net income declined to $75 million due to higher taxes and integration effects.
Non-GAAP Dick’s Business earnings remained stable, with EPS slightly rising to $2.78 and comparable sales up 5.7 per cent.