Dick's Sporting Goods Inc. reported Tuesday that profit for the fourth quarter rose 27% to $111.1 million, compared with $87.5 million in the year-ago period. Revenue increased 6% to $1.61 billion
from $1.52 billion, matching Wall Street expectations. Same-store sales inched up 0.1%.
The company said it expects to open 40 new Dick's Sporting Goods stores and relocate four Dick's
Sporting Goods stores in 2012. Of those, six are slated to open in first quarter 2012 and one will be relocated.
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