Dick's emerges as COVID-19 era winner with Q2 comps up 20.7%

Retail Dive

As Dick’s sales spiked, so did its profits, with earnings per share up 148% even as the retailer took on $42 million in compensation and safety costs in a quarter defined by the COVID-19 pandemic.

Telsey Advisory Group analysts said that going forward, Dick’s should benefit from strong demand in outdoor categories like biking, running, golf and kayaking, as well as its inventory position, merchandise differentiation, e-commerce and curbside offering, and placement in off-mall locations.

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