Saks (SKS) announced that it earned $32.1 million, or 18 cents per share, versus $28.4 million, or 16 cents per share, in the same period last year. Excluding construction related costs, the company would have earned 19 cents per share. Revenue increased by 3.8 percent to $753.6 million, below expectations of $761.7 million. The company also said that it expects lower profits, as it has been experiencing a slowdown in women's fashions sales.
Shares are lower in early trading.
Dick's Sporting Goods (NYSE:DKS) announced that first quarter net income increased by 53 percent to $57.2 million, or 45 cents per share, versus $37.5 million, or 30 cents per share, in the same period last year. Revenue increased by 15 percent to $1.28 billion, beating estimates of $1.23 billion.
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