Dick's Sporting Goods 2005 Annual Report Download - page 2

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Fiscal Year 2005 2004 2003
(Dollars in thousands, except per share data)
Net sales $ 2,624,987 $ 2,109,399 $ 1,470,845
Gross profit 737,640 586,526 408,025
Gross profit margin 28.1% 27.8% 27.7%
Selling, general and administrative expenses 556,320 443,776 314,885
Pre-opening expenses 10,781 11,545 7,499
Merger integration and store closing costs 37,790 20,336 –
Income from operations 132,749 110,869 85,641
Net Income 72,980 68,905 52,408
Adjusted Net Income 1$ 94,548 $ 74,518 $ 50,286
Diluted earnings per common share 1.35 1.30 $ 1.04
Adjusted Diluted earnings per common share 1$ 1.75 $ 1.41 $ 1.00
Diluted weighted average shares outstanding (in thousands) 53,979 52,921 50,280
Total stockholders’ equity $ 414,793 $ 313,667 $ 240,894
Return on invested capital 11.3% 12.1% 11.9%
EBITDA $ 184,454 $ 160,471 $ 106,731
Adjusted EBITDA 1$ 219,531 $ 165,799 $ 103,195
Comparable store net sales increase 2.6% 2.6% 2.1%
Store count 255 234 163
Diluted earnings applicable to common stockholders and diluted weighted average shares outstanding are adjusted for the two-for-one
stock split, in the form of a stock dividend, which became effective April 5, 2004
1Results exclude merger integration and store closing costs, and gain on sale of investment
FINANCIAL HIGHLIGHTS
Our goal is to be the number one sports and fitness
specialty retailer for all athletes and outdoor enthusiasts,
through the relentless improvement of everything we do.