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Dick's Sporting Goods Q3 profit falls
Pittsburgh -- Dick’s Sporting Goods’ net income for the quarter ended Oct. 30 dropped to $16.9 million, compared with net income of $18.9 million for the year-ago period.
Sales rose 9% to $1.08 billion, from $990 million.
Same-store sales increased 5.1%, with a 3.8% increase in Dick’s Sporting Goods stores, a 2.4% increase in Golf Galaxy and an 82.4% increase in e-commerce.
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Wal-Mart profit rises 9.3% in Q3
Bentonville, Ark. -- Wal-Mart Stores reported Tuesday that profit for the quarter ended Oct. 31 rose 9.3% to $3.44 billion, compared with a profit of $3.15 billion in the year-ago quarter.
However, same-store sales in the United States declined as Wal-Mart’s shoppers remain under pressure in a weak economy. Same-store sales in the United States fell 1.3%, the sixth consecutive quarterly decline at the world’s largest retailer.Net sales rose 2.6% to $101.2 billion.