Investor Presentaiton
GAAP TO NON-GAAP RECONCILIATIONS
NON-GAAP NET INCOME AND EARNINGS PER SHARE RECONCILIATIONS
(dollars in thousands, except per share amounts)
14 Weeks Ended February 3, 2024
Selling, general
and
administrative
Income
before
Earnings per
(3)
Gross profit
expenses
Other income income taxes Net income
diluted share
GAAP Basis
$ 1,334,179
$
958,577
$
(37,520) $
395,343 $ 296,433
$
3.57
% of Net Sales
34.42 %
24.73 %
(0.97)%
Business optimization charges
(1)
5,661
(26,654)
10.20 %
32,315
7.65 %
23,913
Deferred compensation plan
adjustments
(2)
-
Non-GAAP Basis
$ 1,339,840 $
% of Net Sales
34.57 %
(16,097)
915,826 $
23.63 %
16,097
(21,423) $
(0.55)%
427,658
11.03 %
320,346
$
3.85
8.26 %
Includes $23.2 million of non-cash impairments of store assets, a $5.7 million write-down of inventory and $3.4 million of severance-related costs.
(T)
(2)
Includes non-cash changes in fair value of employee deferred compensation plan investments held in rabbi trusts.
(3)
The provision for income taxes for non-GAAP adjustments was calculated at 26% which approximates the Company's blended tax rate.
DICK'S SPORTING GOODS
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