Dick's Sporting CEO says Q4 results 'in line with our expectations'
"Amidst a competitive environment, we are very pleased to deliver fourth quarter results in line with our expectations, driving growth across key businesses. As expected, margins remained under pressure, however the decline was less than we anticipated," said Edward Stack, Chairman and CEO. "During 2017, we made significant progress on key priorities as we grew both our online and private brand businesses to over one billion dollars in sales." Stack continued, "In 2018, we expect stronger product innovation from select key partners and the continued expansion of our private brands to result in less margin pressure than previously expected. We see meaningful opportunity to drive improvements across our business and will make significant investments that will continue to position DICK'S Sporting Goods as the leader in our industry."