Leading sports retailer Dick’s Sporting Goods (DSG) has reported strong third-quarter results following the company’s acquisition of Foot Locker.

Net sales for the 13 weeks ending November 1, were $4.16 billion, up from $3.05 billion in the same period last year. The newly reported merger and integration costs of the Foot Locker deal for the quarter stood at $138.5 million.

DSG reported an overall quarterly gross profit of $1.38 billion.

Its store portfolio now comprises 723 DSG locations, 162 specialty stores, and 2347 Foot Locker stores, with a further 256 Foot Locker stores licensed by DSG.

The company said it is “taking strategic actions to address unproductive assets” in Foot Locker, including the “optimization of inventory and the closure of underperforming stores”. It added that, in the fourth quarter of the fiscal year, it will begin to “optimize” Foot Locker’s inventory.