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Dick's Sporting Goods fiscal Q2 profit climbs 10.7% YOY

Dick's Sporting Goods Inc. said its normalized net income for the fiscal second quarter ended Aug. 1 amounted to 78 cents per share, compared with the S&P Capital IQ consensus estimate of 75 cents per share.

EPS climbed 14.5% year over year from 68 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $92.1 million, a gain of 10.7% from $83.3 million in the prior-year period.

The normalized profit margin increased to 5.1% from 4.9% in the year-earlier period.

Total revenue climbed 7.9% year over year to $1.82 billion from $1.69 billion, and total operating expenses increased 7.6% from the prior-year period to $1.67 billion from $1.56 billion.

Reported net income increased 30.6% year over year to $90.7 million, or 77 cents per share, from $69.4 million, or 57 cents per share.