DICK'S Sporting Goods Q1 net loss $143.4 millionChristian Fernsby ▼ | June 3, 2020
DICK'S Sporting Goods reported sales and earnings results for the first quarter ended May 2, 2020.
DICK'S Sporting Goods Company reported consolidated net income of $57.5 million
On a non-GAAP basis, the Company reported consolidated net income for the first quarter ended May 4, 2019 of $58.4 million, or $0.62 per diluted share. First quarter 2019 non-GAAP results exclude a non-cash asset impairment and the settlement of a litigation contingency.
Net sales for the first quarter of 2020 decreased 30.6% to approximately $1.33 billion. Consolidated same store sales decreased 29.5%, driven by temporary store closures that started on March 18, 2020 to help prevent the spread of COVID-19. First quarter 2019 consolidated same store sales were flat. ■