Dick's Sporting Goods news and archive

Dick's Sporting Goods ups sales and earnings forecast

Dick’s Sporting Goods delivered 5.3 percent comparable sales growth in the first quarter, with net sales increasing to 3,018 million dollars. Reported earnings per diluted share were 3.30 dollars with 4 percent EBT growth. "Our strong first quarter results continue to prove that Dick’s is the go-to destination for sport and sport culture in the...

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Retail experiences: Sportswear for professionals and the mainstream market

Sports brands face the unique challenge of serving two very different customer groups: Professional athletes, who perform at the highest level and need the best products to do so, and the mainstream market, which increases sales volumes. This duality requires a differentiated brand strategy that effectively addresses both target groups. In...

Business

Dick’s Sporting Goods delivers strong holiday quarter

Dick’s Sporting Goods full year revenues of 13 billion dollars increased 5 percent and the company delivered a 2.4 percent comparable store sales growth, driven by a 1.6 percent increase in transactions. The company’s fourth quarter revenues increased 7.8 percent to 3.9 billion dollars with comparable sales growth of 2.8 percent. The company’s...

Business

Dick’s Sporting Goods posts comparable store sales growth

Dick’s Sporting Goods delivered 1.8 percent growth in second quarter comparable store sales, driven by a 2.8 percent increase in transactions and continued market share gains. The company reported earnings per diluted share of 2.82 dollars compared to 3.25 dollars or 3.68 dollars on a non-GAAP basis, during the prior year quarter. Net income...

Business

Dick’s Sporting Goods increases dividend by 105 percent

Dick’s Sporting Goods delivered full year 2022 net sales of 12.37 billion dollars, up 0.6 percent versus 2021 and up 41.3 percent versus 2019. The company’s earnings per diluted share were 10.78 dollars compared to 13.87 dollars last year and non-GAAP earnings per diluted share were 12.04 dollars versus 15.70 dollars, while EBT margin was 11...

Fashion

Dick’s Sporting Goods to acquire outdoor retailer Moosejaw

Dick’s Sporting Goods has agreed to acquire leading outdoor retailer Moosejaw from Walmart. The acquisition, the company said in a statement, will expand Dick’s outdoor portfolio – currently led by its specialty retailer, Public Lands – and reaffirm its commitment to the long-term business opportunity in the growing multibillion-dollar outdoor...

Business

Dick’s Sporting Goods raises full year outlook

Comparable store sales at Dick’s Sporting Goods, Inc. increased 6.5 percent on top of a 12.8 percent increase in the third quarter of 2021, a 23.2 percent increase in the third quarter of 2020 and a 6 percent increase in the third quarter of 2019 Net sales of 3 billion dollars increased 7.7 percent versus the third quarter of 2021 and increased...

Business

Dick’s Sporting Goods raises outlook

Dick’s Sporting Goods second quarter comparable store sales declined 5.1 percent. Net sales declined by 5 percent to 3,112.4 million dollars and increased 38 percent versus the second quarter of 2019. The company delivered earnings per diluted share of 3.25 dollars and non-GAAP earnings per diluted share of 3.68 dollars. The company has raised...

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America's fashion businesses pledge to support employees after historic abortion ruling by Supreme Court

In a historic decision and divided nation, the US Supreme Court on Friday reversed a law that upheld the constitutional right to have an abortion. Abortion laws are now in the hands of the state, with many conservative regions expected to ban the right for women to choose, making it illegal to receive reproductive services. The new law upturns...

Business

Dick’s Sporting Goods posts drop in Q1 sales

Comparable store sales declined 8.4 percent at Dick’s Sporting Goods, while net sales of 2.7 billion dollars, down 7.5 percent against Q12021 but increased 41 percent versus the first quarter of 2019. The company delivered earnings per diluted share of 2.47 dollars compared to 3.41 dollars and non-GAAP earnings per diluted share of 2.85 dollars...

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Dick’s Sporting Goods reports strong sales and earnings growth

Dick’s Sporting Goods, Inc reported net sales for the fourth quarter of 3.35 billion dollars, an increase of 7.3 percent compared to the fourth quarter of 2020 and a 28.5 percent increase compared to the fourth quarter of 2019. Consolidated same store sales for the quarter increased 5.9 percent, which followed consolidated same store sales...

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Dick’s Sporting Goods reports strong Q3 earnings

Net sales for the third quarter at Dick’s Sporting Goods were 2.75 billion dollars, an increase of 13.9 percent compared to the third quarter of 2020 and a 40 percent increase compared to the third quarter of 2019. Consolidated same store sales for the quarter increased 12.2 percent. “We are extremely pleased to announce a record third quarter...