Dick???s Sporting Goods Inc. (NYSE:DKS) Q4 2024 Earnings Conference Call March 11, 2025 8:00 AM ET Company Participants Lauren Hobart - President, Chief Executive Officer Navdeep Gupta - Executive Vice President, Chief Financial Officer Nate Gilch - Senior Director, Investor Relations Conference Call Participants Adrienne Yih - Barclays Simeon Gutman - Morgan Stanley Kate McShane - Goldman Sachs Brian Nagel - Oppenheimer Joe Feldman - Telsey Advisory Group Michael Lasser - UBS Christopher Horvers - JP Morga ...

Retail earnings are in focus this week ahead of Friday's consumer confidence data. As stock market sentiment shifts beneath investors' feet, both Kohl's Corp (NYSE:KSS) and Dick's Sporting Goods Inc (NYSE:DKS) issued disappointing 2025 guidance that is overshadowing robust current-quarter numbers.Kohl's stock is brushing off upbeat fourth-quarter earnings and revenue numbers on dismal annual sales and profit guidance, down 16.6% at $10.02 at last glance and earlier hitting a 28-year low of $9.88. Year over ...

Dick's Sporting Goods (DKS) came out with quarterly earnings of $3.62 per share, beating the Zacks Consensus Estimate of $3.49 per share. This compares to earnings of $3.85 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.72%. A quarter ago, it was expected that this sporting goods retailer would post earnings of $2.68 per share when it actually produced earnings of $2.75, delivering a surprise of 2.61%.Over the last four qua ...

Core Insights - Dick's Sporting Goods reported strong Q4 2024 results, with adjusted EPS of $3.62 and revenue of $3.89 billion, surpassing analyst expectations [1][2][6] - However, the company's guidance for 2025 was considered underwhelming, raising concerns among investors [2][10] Financial Performance - Adjusted EPS for Q4 2024 was $3.62, exceeding the estimated $3.52, but down 6% from Q4 2023's $3.85 [3] - Revenue reached $3.89 billion, surpassing the anticipated $3.78 billion and reflecting a year-over-year growth of 4.9% [3][6] - Comparable sales growth was reported at 6.4%, a significant increase from the previous year's 2.9% [3][6] - Adjusted net income for the quarter was $300 million, a decrease of 6.3% from $320 million in Q4 2023 [3][6] Business Strategy - The company operates over 700 stores and employs an omnichannel retail strategy, fulfilling 80% of online sales through physical locations [4] - Dick's is focusing on experiential retail, with the introduction of House of Sport locations and exclusive partnerships with brands like Nike and Adidas [4][7] - Proprietary brands account for 13% of net sales, and the ScoreCard Rewards loyalty program has over 25 million active members, contributing to over 70% of sales [5] Inventory and Capital Expenditures - Inventory levels increased by 18%, indicating potential overstocking risks, while net capital expenditures rose by 40% [8] - The company is strategically repositioning its real estate and plans to open new stores in underserved markets [9] Future Outlook - For 2025, management projects comparable sales growth of 1% to 3% and EPS in the range of $13.80 to $14.40, which is below analyst expectations [10] - Plans include opening 16 new House of Sport locations and 18 Dick's Field House locations, reflecting confidence in the experiential retail concept [10][11]

Dick's Sporting Goods on Tuesday said it's expecting 2025 profits to be far lower than Wall Street anticipated, making it the latest retailer to forecast a rocky year ahead as consumers contend with tariffs, inflation and fears around a potential recession. In an interview with CNBC, executive chairman Ed Stack said the company's exposure to China, Mexico and Canada for sourcing is very small, but it recognizes that falling consumer confidence could impact spending."I do think it's just a bit of an uncertai ...

FOR IMMEDIATE RELEASE DICK'S Sporting Goods Reports Fourth Quarter and Full Year 2024 Results; Delivers Largest Sales Quarter in Company History – Delivers 6.4% Fourth Quarter Comparable Sales Growth – – Expects Continued Growth in Comparable Sales in 2025 – "The convergence of sport and culture in our country has never been stronger, and with a series of major sporting events set to take place in the U.S., this momentum is only expected to grow through 2030 and beyond. As a company rooted in sport, DICK'S ...

DICK’S Sporting Goods, Inc. DKS will release its fourth-quarter financial results, before the opening bell, on Tuesday, March 11.Analysts expect the Coraopolis, Pennsylvania-based company to report quarterly earnings at $3.51 per share, down from $3.85 per share in the year-ago period. Dick’s Sporting Goods projects quarterly revenue of $3.77 billion, compared to $3.88 billion a year earlier, according to data from Benzinga Pro.On Jan. 30, DICK’S Sporting Goods was named official sporting goods retailer of ...

Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on Dick's Sporting Goods (DKS), and highlights the potential misalignment of interests between brokerage analysts and retail investors [1][4]. Group 1: Brokerage Recommendations - Dick's Sporting Goods has an average brokerage recommendation (ABR) of 1.88, indicating a position between Strong Buy and Buy, based on recommendations from 21 brokerage firms [2]. - Out of the 21 recommendations, 11 are classified as Strong Buy, accounting for 52.4%, while one is classified as Buy, making up 4.8% of the total recommendations [2]. Group 2: Limitations of Brokerage Recommendations - Relying solely on brokerage recommendations for investment decisions may not be advisable, as studies suggest these recommendations often do not effectively guide investors towards stocks with the highest potential for price appreciation [4]. - Brokerage firms tend to exhibit a strong positive bias in their ratings due to vested interests, leading to a disproportionate number of favorable ratings compared to negative ones [5][9]. Group 3: Zacks Rank as an Alternative - The Zacks Rank, a proprietary stock rating tool, categorizes stocks from Zacks Rank 1 (Strong Buy) to Zacks Rank 5 (Strong Sell) and is considered an effective indicator of a stock's near-term price performance [7]. - The Zacks Rank is based on earnings estimate revisions, which are strongly correlated with stock price movements, providing a more timely and accurate reflection of a stock's potential [10][11]. Group 4: Current Outlook for Dick's Sporting Goods - The Zacks Consensus Estimate for Dick's Sporting Goods has increased by 0.3% over the past month to $13.90, indicating growing optimism among analysts regarding the company's earnings prospects [12]. - The recent change in the consensus estimate, along with other factors, has resulted in a Zacks Rank 2 (Buy) for Dick's, suggesting that the Buy-equivalent ABR may serve as a useful guide for investors [13].

Core Insights - DICK'S Sporting Goods Inc. is expected to report a decline in both sales and earnings for the fourth quarter of fiscal 2024, with revenue estimates at $3.75 billion, reflecting a 3.3% decrease year-over-year [1][2] - The consensus estimate for earnings per share (EPS) is $3.47, indicating a 9.9% decline from the previous year [2] - Despite anticipated declines, the company has a positive Earnings ESP of +0.11% and a Zacks Rank of 2 (Buy), suggesting a potential earnings beat [3] Financial Performance Expectations - The company is projected to experience strong comparable store sales and transaction growth, which are expected to positively impact quarterly performance [4] - DICK'S has raised its full-year outlook, forecasting comparable sales growth of 3.6-4.2% and consolidated net sales between $13.2 billion and $13.3 billion for fiscal 2024 [6][7] - Adjusted EPS is anticipated to be between $13.65 and $13.95, compared to $12.91 in fiscal 2023 [7] Strategic Initiatives - DICK'S is focusing on four strategic pillars: an omnichannel athlete experience, a differentiated product assortment, deep engagement with the brand, and knowledgeable staff [5] - The company is investing in innovative concepts like House of Sport and DICK'S Field House, which are expected to enhance its market position [6] Cost and Margin Considerations - The company is facing increased costs due to higher wage rates and investments in talent, technology, and marketing, which may impact the upcoming quarter's results [8] - Management anticipates a modest increase in adjusted SG&A expenses year-over-year, alongside pre-opening expenses that are expected to be higher due to new store openings [9] Valuation Metrics - DICK'S Sporting has a forward 12-month price-to-earnings ratio of 14.41X, which is below its five-year high of 24.78X and the industry average of 16.56X [11] - The company's shares have increased by 18.5% over the past year, contrasting with a 9.1% decline in the industry [11]

Wall Street analysts expect Dick's Sporting Goods (DKS) to post quarterly earnings of $3.47 per share in its upcoming report, which indicates a year-over-year decline of 9.9%. Revenues are expected to be $3.75 billion, down 3.3% from the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a company reveals its earnings, it ...