By Thomas Paulson, Head of Market Insights Dick’s Sporting Goods, Inc. reported solid results, including an underlying sales increase of 6% based upon a 6.4% comp-sales increase and improved gross margin rate. The comp-sales increase was composed of increases of 4.4% in comp-ticket, 2.0% in comp-transactions, and a modest decrease in comp-traffic (Advan) of -1.1%. Assuming online comp-transactions were up high-single-digits and stripping that from the 2.0% increase in transactions, lowers estimated store comp-transactions to the Advan’s measure of comp-traffic, which implies a stable conversion rate.