The retailer recorded sales of $3.13bn for the fourth quarter, an increase of 19.8 per cent compared to the same period in 2019.
The company’s revenue was driven by a 19.3 per cent increase in consolidated same store sales, which also consisted of a 57 per cent increase in e-commerce sales. E-commerce penetration for the quarter reflected 32 per cent of net sales, again an increase compared to around 25 per cent during the same period in 2019.
Lauren Hobart, Chief Executive Officer and President, commented: “We are very pleased with our strong fourth quarter sales and earnings results. The strength of our diverse category portfolio, technology capabilities and advanced omni-channel execution once again helped us capitalise on the favourable shifts in consumer demand across golf, outdoor activities, home fitness and active lifestyle.”
The full year ended January 30, 2021 saw an increase in net sales by 9.5 per cent to approximately $9.58bn. The company’s e-commerce sales increased by 100 per cent.
