Revenue during the quarter grew 10.87 percent to $2,483.43 million from $2,240.05 million in the previous year period. Gross margin for the quarter contracted 102 basis points over the previous year period to 28.98 percent. Total expenses were 94.43 percent of quarterly revenues, up from 90.72 percent for the same period last year. That has resulted in a contraction of 371 basis points in operating margin to 5.57 percent.

Operating income for the quarter was $138.21 million, compared with $207.79 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $314.78 million compared with $263.59 million in the prior year period. At the same time, adjusted EBITDA margin improved 91 basis points in the quarter to 12.68 percent from 11.77 percent in the last year period.

"We are very pleased with our strong fourth quarter results, as we delivered a 17% increase in non-GAAP earnings per diluted share driven by strong comp sales and gross margin expansion. We realized meaningful market share gains and saw growth across each of our three primary categories of hardlines, apparel and footwear," said Edward W. Stack, chairman and chief executive officer. "In 2016, we capitalized on opportunities in the marketplace, and further solidified our leadership position by enhancing the shopping experience in our stores, building brand equity and successfully relaunching our eCommerce business on our own web platform."

For financial year 2017, DICKS Sporting Goods, Inc. projects net income to be in the range of $405 million to $416 million. It expects adjusted net income to be in the range of $406.98 million to $417.98 million. It expects diluted earnings per share to be in the range of $3.63 to $3.73. It expects diluted earnings per share to be in the range of $3.65 to $3.75 on adjusted basis for the same period.

For the first-quarter, DICKS Sporting Goods, Inc. projects net income to be in the range of $54 million to $59.50 million. It expects adjusted net income to be in the range of $55.98 million to $61.48 million for the first-quarter. It expects diluted earnings per share to be in the range of $0.48 to $0.53 for the first-quarter. It expects diluted earnings per share to be in the range of $0.50 to $0.55 on an adjusted basis for the same period.

The company has spent $550.32 million cash to meet investing activities during the year as against cash outgo of $372.43 million in the last year.

The company has spent $162.86 million cash to carry out financing activities during the year as against cash outgo of $373.72 million in the last year period.

Cash and cash equivalents stood at $164.78 million as on Jan. 28, 2017, up 38.54 percent or $45.84 million from $118.94 million on Jan. 30, 2016.

Working capital decreases marginally
DICKS Sporting Goods, Inc. has witnessed a decline in the working capital over the last year. It stood at $598.26 million as at Jan. 28, 2017, down 3.66 percent or $22.75 million from $621.02 million on Jan. 30, 2016. Current ratio was at 1.43 as on Jan. 28, 2017, down from 1.52 on Jan. 30, 2016.

Debt comes down
DICKS Sporting Goods, Inc. has recorded a decline in total debt over the last one year. It stood at $5.32 million as on Jan. 28, 2017, down 9.94 percent or $0.59 million from $5.91 million on Jan. 30, 2016. Total debt was 0.13 percent of total assets as on Jan. 28, 2017, compared with 0.17 percent on Jan. 30, 2016. Interest coverage ratio deteriorated to 74.99 for the quarter from 142.13 for the same period last year.