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Dick's Sporting Goods fiscal Q1 profit climbs 15.2% YOY

Dick's Sporting Goods Inc. said its normalized net income for the fiscal first quarter ended May 3 was 58 cents per share, compared with the S&P Capital IQ consensus estimate of 52 cents per share.

EPS increased 17.5% year over year from 49 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $71.2 million, a gain of 15.2% from $61.8 million in the year-earlier period.

The normalized profit margin increased to 4.9% from 4.6% in the year-earlier period.

Total revenue grew 7.9% on an annual basis to $1.44 billion from $1.33 billion, and total operating expenses increased 7.3% on an annual basis to $1.33 billion from $1.24 billion.

Reported net income grew 7.4% on an annual basis to $70.3 million, or 57 cents per share, from $65.4 million, or 52 cents per share.