Exhibit 99.1 FOR IMMEDIATE RELEASE DICK'S Sporting Goods Reports Second Quarter Results; Raises 2024 Outlook – Delivers 4.5% Comparable Sales Growth – – Delivers Double-Digit EBT Margin of 13.9% – ● Delivered net sales of $3.47 billion, up 7.8% versus the prior year including the expected benefit from the calendar shift of approximately $95 million ● Reported earnings per diluted share of $4.37, up 55% versus the prior year ● Raises full year 2024 guidance for comparable sales growth to a range of 2.5% to 3 ...

– Delivers 4.5% Comparable Sales Growth – 13 Weeks Ended Change (1) August 3, 2024 July 29, 2023 Second Quarter Operating Results (dollars in millions, except per share data) Net sales (2) $ 3,474$ 3,224 $ 2507.8 % Comparable sales (2) (3) 4.5 % 2.0 % Income before income taxes (4) $ 482 $ 326 $ 15648 % Income before income taxes (4) (% of net sales) 13.9 % 10.1 % 378 bps Effective tax rate 24.9 % 25.0 % (12) bps Net income $ 362 $ 244 $ 118 48 % Earnings per diluted share (2) $ 4.37$ 2.82 $ 1.5555 % August ...

DICK'S Sporting Goods Inc. (DKS) is set to announce its second-quarter fiscal 2024 earnings on Sep. 4. DKS' results are expected to register notable sales growth year over year. The Zacks Consensus Estimate for revenues is pegged at $3.4 billion, indicating growth of 6.4% from the year-ago quarter's figure. The company's results are anticipated to reflect solid bottom-line growth. The consensus estimate for earnings is pegged at $3.72 per share, which indicates an increase of 31.9% from the year-ago number. ...

Dick's Sporting Goods, Inc. DKS is projected to post revenue of $3.44 billion when it releases second-quarter, earnings on Wednesday, Sept. 4, according to data from Benzinga Pro. With the recent buzz around Dick's, some investors may be eyeing potential gains from the company's dividends. As of now, the company has a dividend yield of 1.87%. That's a quarterly dividend amount of $1.10 a share ($4.40 a year). To figure out how to earn $500 monthly from Dick's, we start with the yearly target of $6,000 ($500 ...

Core Insights - Analysts project that Dick's Sporting Goods (DKS) will report quarterly earnings of $3.72 per share, reflecting a year-over-year increase of 31.9% [1] - Revenue is expected to reach $3.43 billion, marking a 6.4% increase from the same quarter last year [1] Earnings Projections - The consensus EPS estimate has been revised upward by 0.1% in the past 30 days, indicating a reassessment by covering analysts [2] - Changes in earnings projections are crucial for predicting investor reactions, with empirical studies showing a strong link between earnings estimate trends and short-term stock price movements [3] Key Metrics - The consensus estimate for the total number of stores at the end of the period (EOP) is 861, slightly up from 860 a year ago [5] - Total square footage is projected to reach 42.94 million square feet, compared to 42.4 million square feet a year prior [5] - The average prediction for the number of Dick's Sporting Goods stores is 724, down from 725 a year ago [5] - Analysts estimate that the number of Golf Galaxy/Specialty Concept Stores will reach 137, up from 135 in the same quarter last year [6] Stock Performance - Dick's shares have increased by 8.6% in the past month, outperforming the Zacks S&P 500 composite, which rose by 2.6% [6] - With a Zacks Rank of 2 (Buy), DKS is expected to outperform the overall market in the near term [6]

Dick's Sporting Goods is the latest high-profile organization dealing with an information systems breach. The retailer revealed the incident in a filing with the Securities and Exchange Commission (SEC) Wednesday (Aug. 28), one week after it discovered "unauthorized third-party access" to its systems, including some confidential information. "Immediately upon detecting the incident, the company activated its cybersecurity response plan and engaged with its external cybersecurity experts to investigate, isol ...

Core Viewpoint - Analyst recommendations play a significant role in influencing stock prices, but their reliability is questionable, particularly for Dick's Sporting Goods (DKS) [1][3]. Group 1: Analyst Recommendations - Dick's Sporting Goods has an average brokerage recommendation (ABR) of 1.98, indicating a position between Strong Buy and Buy, based on 21 brokerage firms' recommendations [2]. - Out of the 21 recommendations, 10 are Strong Buy and 1 is Buy, accounting for 47.6% and 4.8% of all recommendations respectively [2]. - Despite the positive ABR, relying solely on this information for investment decisions may not be advisable, as studies show brokerage recommendations often fail to guide investors effectively [3][4]. Group 2: Limitations of Brokerage Recommendations - Brokerage firms often exhibit a positive bias in their ratings due to vested interests, leading to a disproportionate number of Strong Buy recommendations compared to Strong Sell [4][5]. - The interests of brokerage firms may not align with those of retail investors, providing limited insight into future stock price movements [5]. - Analysts' overly optimistic recommendations can mislead investors more frequently than they provide accurate guidance [8]. Group 3: Zacks Rank vs. ABR - Zacks Rank, a proprietary stock rating tool, categorizes stocks from Strong Buy to Strong Sell and is based on earnings estimate revisions, making it a more effective indicator of near-term stock performance [6][9]. - Unlike ABR, which is based solely on brokerage recommendations and may not be up-to-date, Zacks Rank reflects timely changes in earnings estimates [10]. - The Zacks Consensus Estimate for Dick's remains unchanged at $13.76, indicating steady analyst views on the company's earnings prospects [11]. Group 4: Current Investment Outlook for DKS - The recent consensus estimate changes and other factors have resulted in a Zacks Rank of 3 (Hold) for Dick's Sporting Goods, suggesting caution despite the Buy-equivalent ABR [12].

DICK'S Sporting Goods, Inc. (DKS) is well poised to tap the positive trends in the sporting space, thanks to its robust strategies including merchandising initiatives and store-related efforts. The company is gaining from brand strength and demand for its products that resonate well with customers. Undoubtedly, management is focused on creating a trend-right merchandise assortment, deepening relations with customers via marketing and efficiently controlling expenses. Buoyed by such strengths, shares of this ...

The latest trading session saw Dick's Sporting Goods (DKS) ending at $224.60, denoting a -0.88% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily loss of 0.2%. Elsewhere, the Dow saw a downswing of 0.15%, while the tech-heavy Nasdaq depreciated by 0.34%. The sporting goods retailer's shares have seen an increase of 9.95% over the last month, surpassing the RetailWholesale sector's gain of 1.7% and the S&P 500's gain of 1.93%. The investment community will be paying ...

Dick's Sporting Goods (DKS) closed the most recent trading day at $213.82, moving -0.66% from the previous trading session. This change lagged the S&P 500's daily gain of 0.38%. At the same time, the Dow added 0.61%, and the tech-heavy Nasdaq gained 0.03%. The sporting goods retailer's shares have seen a decrease of 4.95% over the last month, not keeping up with the Retail-Wholesale sector's loss of 4.88% and the S&P 500's loss of 3.2%. The investment community will be closely monitoring the performance of ...