Dick’s Sporting Goods had a record second quarter, posting $276.8 million in profit on $2.7 billion in sales. Digital sales soared 194%.
Despite store closures for parts of the quarter, online and curbside orders nearly tripled compared to the same quarter in 2019. Digital sales represented 30% of the company’s revenue in the quarter, up from 12% in 2019.
Prior to Wednesday, Dick’s shares were down 6% for the year, but with the earnings report shares have now jumped 12% year to date.
Key Takeaways:
— Sales increased 20% year-over-year
— Income grew 148%
— Online sales increased 194%
— Online sales accounted for 30% of revenue
