Dick's Sporting Goods 2006 Annual Report Download - page 7

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2006 HIGHLIGHTS
PERFORMANCE GROWTH
Delivered improved gross, operating, EBITDA
and net income margins1
Increased comparable store sales by
6 percent, marking our seventh consecutive
year of posting a gain of greater than
2 percent in this metric
Improved our merchandise margin by
leveraging our growing purchasing power
and continuing to develop our private-label
brands, which accounted for 14.1 percent
of total 2006 sales
Ended 2006 with no outstanding borrowings
on our revolving credit facility; average
borrowings for the year decreased $66 million
or 63 percent
Ended the year as the nation’s largest
full-line sporting goods retailer with more
than $3.1 billion in sales, as well as the most
profitable publicly held full-line sporting
goods retailer in the nation
Opened 39 new Dick’s Sporting Goods stores
that positioned us in seven new markets
and increased our presence in several
key markets, including Chicago, Atlanta,
Minneapolis and Denver
Acquired Golf Galaxy, a leading specialty
golf retailer with 65 stores in 24 states and
sales of $275 million in 2006
Completed the expansion of our distribution
center in Plainfield, Indiana, increasing our
total network capacity to service 460 stores
Launched a re-designed website that
delivers enhanced features and an
improved customer experience
5
1Results exclude merger integration and store closing costs, gain on sale of
investment, and are adjusted for the effect of expensing stock options as if we
had applied SFAS 123, “Accounting for Stock-Based Compensation”, in 2005