Dick's Sporting Goods has reported a net income of $18.85 million, or $0.16 per diluted share, for the third quarter ended October 31, 2009, compared to $6.18 million, or $0.05 per diluted share, in the same quarter of 2008.
For the third quarter of 2009, net sales were $989.82 million, compared to $924.19 million in the third quarter of 2008.
For the 39 weeks ended October 31, 2009, net income was $68 million, or $0.58 per diluted share, compared to $65.73 million, or $0.56 per diluted share, in the same period of 2008.
Edward Stack, chairman and CEO of Dick's Sporting Goods, said: "While we are pleased with the year-over-year growth in sales and operating margin generated in the third quarter, we believe we benefited from a shift of cold weather product sales from the fourth quarter to the third quarter as a result of colder weather conditions relative to last year."