US retailer Dick’s Sporting Goods’ Q1 FY21 sales jump to $2.9 bn

Dick’s Sporting Goods, a US-based full-line omni-channel sporting goods retailer, posted 119 per cent sales growth to $2.9 billion in its first quarter (Q1) FY21 ended on May 1, 2021, compared to the sales of $1.3 billion in the corresponding period of previous fiscal. The company’s net income rose to $361.7 million (Q1 FY20: loss $143.4 million).
“We are very pleased to deliver another exceptionally strong quarter, achieving record first quarter sales and our highest-ever quarterly earnings, both significantly exceeding our expectations. The strength of our diverse category portfolio, supply chain, technology capabilities and omni-channel execution helped us continue to capitalise on strong consumer demand across golf, outdoor activities, home fitness and active lifestyle,” Lauren Hobart, president and chief executive officer at Dick’s Sporting Goods said.