Investor Presentaiton
GAAP TO NON-GAAP RECONCILIATIONS
NON-GAAP NET INCOME AND EARNINGS PER SHARE RECONCILIATIONS
(dollars in thousands, except per share amounts)
(T)
53 Weeks Ended February 3, 2024
Income
before
(3)
Earnings per
diluted share
12.18
Other income income taxes Net income
(93,809) $
(0.72)%
1,318,151 $ 1,046,519
10.15 %
84,813
8.06 %
62,762
Selling, general
GAAP Basis
Gross profit
4,533,735
and
administrative
expenses
3,204,108
% of Net Sales
(1)
Business optimization charges
34.92 %
11,984
24.68 %
(72,829)
Deferred compensation plan
adjustments
(2)
(13,960)
Non-GAAP Basis
$ 4,545,719
3,117,319
$
% of Net Sales
35.01 %
24.01 %
13,960
(79,849) $ 1,402,964
(0.61)%
10.80 %
$ 1,109,281 $
12.91
8.54 %
Includes $46.1 million of non-cash impairments of store and intangible assets, $26.7 million of severance-related costs and a $12.0 million write-down of
inventory.
(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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