Earnings release
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EVERY SEASON STARTS AT DICK S SPORTING GOODS . FOR IMMEDIATE RELEASE DICK'S Sporting Goods Reports Record Quarterly Sales and Earnings in Second Quarter 2021 ; Delivers 19.2 % Increase in Same Store Sales , Raises Full Year Guidance and Enhances 2021 Capital Allocation Plan ● Net sales for the second quarter of 2021 increased 20.7 % compared to the second quarter of 2020 and increased 45.0 % compared to the second quarter of 2019 Company delivered second quarter 2021 earnings per diluted share of $ 4.53 and non - GAAP earnings per diluted share of $ 5.08 , up 45 % and 58 % respectively versus earnings per diluted share of $ 3.12 and non - GAAP earnings per diluted share of $ 3.21 during the second quarter of 2020 Company announces a special dividend of $ 5.50 per share , a 21 % increase in its quarterly dividend to $ 0.4375 per share and an increase in its planned share repurchases to a minimum of $ 400 million Company raises its full year 2021 earnings per diluted share guidance to $ 11.00 to 11.45 and raises its full year 2021 non - GAAP earnings per diluted share guidance to $ 12.45 to 12.95 PITTSBURGH , August 25 , 2021 - DICK'S Sporting Goods , Inc. ( NYSE : DKS ) , the largest U.S. based full - line omni channel sporting goods retailer , today reported sales and earnings results for the second quarter ended July 31 , 2021 . Second Quarter Results Net sales for the second quarter of 2021 were $ 3.27 billion , an increase of 20.7 % compared to the second quarter of 2020 and a 45.0 % increase compared to the second quarter of 2019. Consolidated same store sales for the second quarter of 2021 increased 19.2 % , which followed consolidated same store sales increases of 20.7 % in the second quarter of 2020 and 3.2 % in the second quarter of 2019. eCommerce sales increased 1 % compared to the second quarter of 2019 and as planned , decreased 28 % compared to the second quarter of 2020 , which included a period of temporary store closures . eCommerce penetration has grown from 12 % of total net sales in the second quarter of 2019 to 18 % for the second quarter of 2021. eCommerce penetration was approximately 30 % in the second quarter of 2020 . Driven by strong sales and gross margin rate expansion , the Company reported consolidated net income for the second quarter ended July 31 , 2021 of $ 495.5 million , or $ 4.53 per diluted share . The Company reported consolidated net income for the second quarter ended August 1 , 2020 of $ 276.8 million , or $ 3.12 per diluted share , which included approximately $ 14 million of pre - tax expenses in response to COVID - 19 . The Company reported consolidated net income for the second quarter ended August 3 , 2019 of $ 112.5 million , or $ 1.26 per diluted share . On a non - GAAP basis , the Company reported consolidated net income for the quarter ended July 31 , 2021 of $ 501.2 million , or $ 5.08 per diluted share , compared to consolidated net income of $ 281.7 million , or $ 3.21 per diluted share , for the quarter ended August 1 , 2020. Non - GAAP consolidated net income excluded non - cash amortization of the debt discount associated with the Company's convertible senior notes and included the share impact of the convertible note hedge purchased by the Company , which is antidilutive for GAAP purposes , for the quarters ended July 31 , 2021 and August 1 , 2020. There were no non - GAAP adjustments during the quarter ended August 3 , 2019. The GAAP to non - GAAP reconciliations are included in a table later in the release under the heading " GAAP to Non - GAAP Reconciliations . "