Group 1 - DICK'S Sporting Goods, Inc. will announce its fourth quarter and full year 2024 results on March 11, 2025, before the market opens [1] - A conference call to discuss the results will take place on the same day at 8:00 a.m. Eastern Time, accessible via the company's Investor Relations website [2] - DICK'S Sporting Goods operates over 850 stores and offers a range of products through its online platform and mobile app, serving athletes and outdoor enthusiasts [3] Group 2 - The company has a strong commitment to youth sports, having donated millions to support under-resourced teams and athletes through its Sports Matter program [4] - DICK'S Sporting Goods is involved in various community-based initiatives and promotes corporate giving [4]

Core Insights - DICK'S Sporting Goods is expanding its influencer program, the DICK'S Varsity Team, to include both employees and the public, aiming to create original social media content [1][2] - The program has seen significant success, with over 1,000 pieces of content created and 38 million impressions since its internal launch in 2023 [3] Company Overview - DICK'S Sporting Goods, founded in 1948 and headquartered in Pittsburgh, operates over 850 stores and offers a range of products through various channels [5] - The company is committed to supporting youth sports and has donated millions through its Sports Matter program [6] Program Details - The 2025 DICK'S Varsity Team application is open until February 27, 2025, providing opportunities for selected members to collaborate with DICK'S and its brands [4] - Selected team members will receive benefits such as a monthly gift card, content creation contracts, and access to exclusive events [7]

Core Insights - DICK'S Sporting Goods Inc. (DKS) is experiencing strong upward momentum, trading above its 50 and 200-day simple moving averages (SMA), indicating price stability and long-term bullish trends [1][2][3] Performance Summary - DKS shares closed at $239.57, surpassing its 50-day SMA of $225.87 and 200-day SMA of $212.11, reflecting a continued uptrend [2] - The stock has gained 21.1% over the past three months, outperforming the Zacks Retail-Miscellaneous industry's growth of 7.5%, the broader Retail-Wholesale sector's growth of 13%, and the S&P 500 index's growth of 5.5% during the same period [4] Growth Drivers - DKS is leveraging its strong brand and digital innovation, focusing on three key areas: enhancing shopping convenience through online services, offering unique high-quality products, and building strong customer relationships via loyalty programs and digital marketing [8] - The company is advancing its digital investment efforts, with significant engagement on its GameChanger app, which has seen a rise in unique users and daily active users [9] - Strategic investments in innovative concepts like House of Sport and DICK'S Field House are redefining the sports retail experience, contributing to strong performance during the back-to-school season [10] Strategic Initiatives - Management is committed to revolutionizing DICK'S stores with next-generation formats and enhancing digital and store experiences to drive athlete engagement [11] - The company is investing significantly to reposition its portfolio for an elevated omnichannel athlete experience, which is expected to boost sales and profitability [11] Financial Outlook - DKS has raised its fiscal 2024 outlook, expecting net sales of $13.2-$13.3 billion, with comparable sales growth of 3.6-4.2%, an improvement from fiscal 2023 sales of $12.98 billion and 2.5% comps growth [12] - The projected EBT margin for fiscal 2024 is maintained at 11.2%, up from 10.8% in the prior year, with adjusted EPS forecasted between $13.65 and $13.95, compared to $12.91 in fiscal 2023 [12] Analyst Sentiment - Analysts have positively revised their estimates for DKS, with the consensus estimate for fiscal 2024 EPS increased to $13.89 per share, reflecting a year-over-year growth of 7.6% [13] - The consensus estimate for fiscal 2025 earnings has been raised to $14.78 per share, indicating a growth of 6.4% year over year [14] Investment Appeal - DKS stock is viewed as an attractive investment opportunity due to its strong brand, consistent market share gains, and strategic growth initiatives focused on digital innovation and store enhancements [15]

Core Insights - DICK'S Sporting Goods and The DICK'S Sporting Goods Foundation have committed over $10 million to support communities affected by wildfires in California and flooding in North Carolina, addressing both immediate and long-term recovery needs [1][2] Group 1: Financial Contributions and Donations - The company is donating clothing, sporting goods, and supplies valued at over $8 million to those in need in Los Angeles and Asheville through partnerships with organizations like Good Sports and 4 Good Community [6] - DICK'S will contribute $1 million to the American Red Cross to aid recovery efforts, in addition to its annual donations to the charity's disaster programs [6] - The DICK'S Foundation is matching customer donations made at checkout from January 27 to February 22, 2025, with an estimated total matching donation of nearly $1 million [6] Group 2: Community Support Initiatives - DICK'S has provided $100,000 in Sports Matter grants to support youth sports teams in Asheville and surrounding areas [3] - The company is assisting impacted employees through its Teammate Relief Fund, offering financial and other support [3] - DICK'S has launched the 'LA Strong' apparel collection, with 100% of the purchase price going to the American Red Cross and the Los Angeles Fire Department Foundation [6] Group 3: Future Engagement and Partnerships - DICK'S plans to continue discussions with corporate and sports partners for additional initiatives to support affected communities, with details to be announced later [4]

Stock Performance - Dick's Sporting Goods (DKS) closed at $250 04, up 1 81% from the previous day, outperforming the S&P 500 (0 53%), Dow (0 38%), and Nasdaq (0 25%) [1] - Over the past month, DKS shares rose 7 32%, surpassing the Retail-Wholesale sector (5 57%) and the S&P 500 (1 24%) [1] Financial Projections - The company is expected to report an EPS of $3 46, a 10 13% decline year-over-year, with quarterly revenue of $3 75 billion, down 3 25% [2] - For the full fiscal year, consensus estimates predict earnings of $13 89 per share (+7 59%) and revenue of $13 3 billion (+2 42%) [3] Analyst Revisions and Valuation - Positive analyst estimate revisions are seen as a favorable indicator for the company's business outlook [4] - The Zacks Rank system, which incorporates estimate revisions, rates DKS as 2 (Buy), with a 0 04% increase in consensus EPS projections over the past 30 days [5][6] - DKS has a Forward P/E ratio of 17 68, higher than the industry average of 12 36, and a PEG ratio of 2 79, compared to the industry average of 1 4 [7] Industry Context - The Retail - Miscellaneous industry, part of the Retail-Wholesale sector, holds a Zacks Industry Rank of 21, placing it in the top 9% of all industries [8] - Industries in the top 50% of the Zacks Industry Rank tend to outperform the bottom half by a factor of 2 to 1 [8]

The latest trading session saw Dick's Sporting Goods (DKS) ending at $249.57, denoting a +1.57% adjustment from its last day's close. The stock outpaced the S&P 500's daily loss of 0.29%. On the other hand, the Dow registered a loss of 0.32%, and the technology-centric Nasdaq decreased by 0.5%.Shares of the sporting goods retailer have appreciated by 4.54% over the course of the past month, outperforming the Retail-Wholesale sector's gain of 3.53% and the S&P 500's gain of 2.52%.The upcoming earnings releas ...

Price Performance - DICK'S Sporting Goods stock has risen over 52% in the past year, outperforming the Retail-Wholesale sector's 32.1% return and the Zacks Retail - Miscellaneous industry's 9.2% growth [1] - The stock also surpassed the S&P 500 index's 26.4% appreciation in the same period [1] Strategic Efforts - The company is benefiting from merchandising initiatives and store-related endeavors aimed at enriching the customer experience [2] - DICK'S Sporting is focusing on digital innovation and the omnichannel experience to drive athlete engagement [4] - The GameChanger app has seen significant growth, with over 5.5 million unique users in Q3 fiscal 2024, a 21% increase from the prior year, and nearly 2 million average daily active users [5] Store Innovations - The company has transformed its 50,000 square-foot stores into the Field House concept, inspired by the House of Sport, offering interactive experiences and unique presentations [6] - Efforts to enhance service levels across digital and store experiences are expected to drive significant sales and profitability [7] Earnings and Growth - The Zacks Consensus Estimate for fiscal 2024 sales is $13.3 billion, indicating a 2.4% year-over-year growth, while EPS is estimated at $13.88, reflecting a 7.5% increase [8] - For the next fiscal year, sales are projected at $13.87 billion (4.3% growth) and EPS at $14.76 (6.3% growth) [8] Challenges - The company faces an uncertain macroeconomic environment and elevated costs due to higher wage rates, investments in talent and technology, and marketing expenses [9] - Adjusted SG&A expenses increased by 7.2% in Q3 fiscal 2024, deleveraging 162 basis points as a percentage of sales [9] - Pre-opening expenses for Q4 fiscal 2024 are expected to be moderately higher, with an anticipated adverse impact of nearly $30 million or 10 cents per share [11] Valuation - DICK'S Sporting stock is trading at a forward 12-month price/earnings ratio of 15.48, lower than the industry's 17.81 and its five-year high of 24.78 [12] Conclusion - The company is making efforts to tackle cost issues and optimize its business structure [14] - Robust omnichannel athlete experience and unique product assortment are seen as positive factors [14] Key Picks in Retail - Deckers (DECK) is highlighted with a Zacks Rank 1, expected to see 13.6% sales growth in the current fiscal year and an average earnings surprise of 41.1% in the trailing four quarters [15] - Abercrombie (ANF) also holds a Zacks Rank 1, with a 13% sales growth estimate and a 16.8% earnings surprise in the last reported quarter [16] - Boot Barn (BOOT) carries a Zacks Rank 2, with a 13.4% sales growth estimate and an average earnings surprise of 6.8% in the trailing four quarters [16][17]

Stock Performance - Dick's Sporting Goods (DKS) closed at $228 03, reflecting a +0 4% increase from the previous trading day, lagging behind the S&P 500's daily gain of 1% [1] - Over the last month, DKS shares increased by 4 38%, outperforming the Retail-Wholesale sector's loss of 3 58% and the S&P 500's loss of 2 14% [1] Financial Projections - The company is forecasted to report an EPS of $3 45, a 10 39% decline from the same quarter last year [2] - Revenue is projected at $3 75 billion, down 3 3% from the year-ago period [2] - Full-year earnings are projected at $13 88 per share, a 7 51% increase, with revenue expected at $13 3 billion, up 2 41% from the previous year [3] Analyst Estimates and Valuation - Recent analyst estimate revisions reflect optimism about the company's business and profitability [3] - DKS has a Forward P/E ratio of 16 36, higher than the industry average of 12 73 [6] - The PEG ratio of DKS is 2 58, compared to the industry average of 1 22 [6] Industry Ranking - The Retail - Miscellaneous industry, part of the Retail-Wholesale sector, holds a Zacks Industry Rank of 18, placing it in the top 8% of over 250 industries [7] - The top 50% of industries outperform the bottom half by a factor of 2 to 1 [7]

Core Viewpoint - DICK'S Sporting Goods Inc. is experiencing strong momentum with its stock nearing a 52-week high, driven by strategic growth initiatives and robust financial performance [1][2][10]. Financial Performance - The stock has risen 74% over the past year, significantly outperforming the industry growth of 11.8% and the S&P 500 index growth of 26.7% [2]. - For fiscal 2024, DICK'S expects net sales between $13.2 billion and $13.3 billion, with comparable sales growth projected at 3.6% to 4.2%, an improvement from fiscal 2023 sales of $12.98 billion [11]. - The company ended the third quarter with cash and cash equivalents of $1.5 billion and no outstanding borrowings, indicating solid liquidity [10]. Strategic Growth Initiatives - DICK'S is leveraging four strategic pillars: an omnichannel athlete experience, a differentiated product assortment, deep brand engagement, and knowledgeable staff [4]. - The company is expanding its footprint with new House of Sport and Field House locations, particularly in Texas, and plans to open a distribution center in Fort Worth by 2026 [8]. - Management is focused on digital innovation, with over 5.5 million unique users engaging with the GameChanger app, marking a 21% year-over-year increase [7]. Market Position and Brand Strength - DICK'S has demonstrated strong growth backed by brand strength and market share gains, reflected in robust third-quarter performance driven by increased comparable store sales [6]. - The company is committed to enhancing its store formats and digital experiences to drive athlete engagement and improve sales and profitability [9]. Cost Management and Future Outlook - Despite strong performance, DICK'S faces increased costs due to a challenging macroeconomic environment and investments in technology and talent [12]. - Adjusted SG&A expenses increased year-over-year, leading to deleveraging as a percentage of sales, attributed to strategic investments [13]. - Management anticipates a modest deleverage in SG&A expenses for fiscal 2024 due to these investments [14].

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