Dick's Sporting Goods has highest revenue quarter in history
Driven forward by massive sales of outdoor equipment in the COVID-19 (coronavirus) pandemic, sports and outdoor retailer Dick's Sporting Goods delivered its highest revenue quarter ever. Net sales for Q4 2021 were $3.35 billion, an increase of 7.3% over the same time last year and an increase of 28.5% over 2019. This increase in revenue was also accompanied by an increase in profit of 43% and 290% respectively. Revenues for 2022 are expected to be flat, though the company will invest more to diversify its product line.
New Activity|Discontinued ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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