Earnings

Dick’s Sporting Goods (DKS) reports Q1 net loss, sales down 30%

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Merchandise is displayed for sale at a Dick’s Sporting Goods Inc. store in West Nyack, New York.

Craig Warga | Bloomberg | Getty Images

Dick’s Sporting Goods on Tuesday reported a decline in same-store sales of almost 30% for the first quarter, when stores across the country were shut during the coronavirus crisis

The retailer said e-commerce sales, however, surged 210% since March 18, when its stores were closed, through the end of the first quarter. It said online sales were up 110% for the entire quarter as people stuck at home stocked up on weights, workout clothes and other fitness gear to keep them busy. It also said it got a boost from its curbside pickup service. 

Dick’s shares…



Source cnbc.com

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