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PITTSBURGH--Dick's Sporting Goods, Inc. today reported sales and earnings results for the second quarter ended July 31, 2010.


The company reported consolidated net income for the second quarter ended July 31, 2010 of $51.5 million, or $0.43 per diluted share. The second quarter consolidated earnings per diluted share exceeded estimated earnings expectations provided on May 18, 2010 of $0.37 - 0.39 per diluted share. 

Net sales for the second quarter of 2010 increased by 8.8 percent from the second quarter of 2009 to $1,226.1 million due primarily to a 5.7 percent increase in consolidated same store sales and the opening of new stores. The 5.7 percent consolidated same store sales increase consisted of a 5.6 percent increase in Dick's Sporting Goods stores, a 2.9 percent increase in Golf Galaxy stores and a 28 percent increase in e-commerce.

"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, chairman and CEO. "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 percent from 2009 to 2010."

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