Dick's Sporting Goods Q4 same-store sales increase 5.3 percent

Dick’s Sporting Goods, Inc., reported consolidated net income for the fourth quarter ended February 1, 2020 of 69.8 million dollars or 81 cents per diluted share compared to 102.6 million dollars or 1.07 dollars per diluted share in the previous year. On a non-GAAP basis, the company reported consolidated net income of 113.3 million dollars or 1.32 dollars per diluted share.Adjusted EPS includes a 48.8 million dollars pre-tax restructuring charge for the newly-announced removal of the hunt category from about 440 stores in 2020. Net sales for the quarter increased 4.7 percent to approximately 2.61 billion dollars, while consolidated same-store sales increased 5.3 percent.