Workflow
Dick's Sporting Goods(DKS)
icon
Search documents
DICK'S Sporting Goods and the WNBA Renew Multiyear Partnership
Prnewswire· 2025-07-01 12:58
Company Overview - DICK'S Sporting Goods has extended its partnership with the WNBA through the 2028 season, continuing its role as the Official Sporting Goods Retailer and an Official Marketing Partner [1][3] - The company operates over 850 stores and offers a wide range of sporting goods, including WNBA apparel and equipment, available at more than 300 locations [6][5] Partnership Details - The renewed agreement includes DICK'S as a Proud Partner of the Jr. WNBA, focusing on inspiring girls to play basketball and providing local youth programming [2][3] - GameChanger, a DICK'S company, will enhance youth sports experiences through live streaming, scheduling, and scorekeeping as an Official Marketing Partner of the WNBA [2] Community Engagement - DICK'S has been involved in the "It's Her Shot" initiative, promoting youth participation in basketball for girls aged 8-18, hosting 20 events and reaching over 3,000 young athletes since 2021 [4] - The company has donated over $300,000 to youth organizations through its community initiatives [4] Market Impact - DICK'S aims to make WNBA jerseys more accessible, ensuring availability across all 13 WNBA markets and supporting jersey sales to amplify the visibility of the league's players [5] - The WNBA has been recognized as the fastest-growing brand in 2024 and ranked No. 4 on Fast Company's list of the World's 50 Most Innovative Companies of 2025, indicating a strong market presence [9]
Why Is Dick's (DKS) Up 8.1% Since Last Earnings Report?
ZACKS· 2025-06-27 16:35
Core Viewpoint - Dick's Sporting Goods (DKS) shares have increased by approximately 8.1% since the last earnings report, outperforming the S&P 500, raising questions about the sustainability of this positive trend leading up to the next earnings release [1] Estimates Movement - Estimates for Dick's Sporting Goods have trended downward over the past month [2] VGM Scores - The company has a subpar Growth Score of D and a Momentum Score of F, while it received a B grade for value, placing it in the second quintile for this investment strategy; the overall aggregate VGM Score is C [3] Outlook - The downward trend in estimates has resulted in a net zero magnitude of revisions; Dick's Sporting Goods holds a Zacks Rank 3 (Hold), indicating an expectation of an in-line return in the coming months [4]
Can DICK'S Sporting's Digital Push Power the Next Leg of Growth?
ZACKS· 2025-06-27 16:00
Digital Strategy and Growth - DICK'S Sporting Goods, Inc. (DKS) has positioned itself as a leading omnichannel player in the sports industry through a robust digital strategy, with significant contributions from the GameChanger platform and Dick's Media Network [1][9] - The GameChanger platform serves as a high-margin growth engine, while Dick's Media Network leverages customer data and loyalty programs to enhance retail media capabilities [2][9] - In the first quarter of fiscal 2025, DKS reported over 6.5 million unique active users, with an average of approximately 2.2 million daily active users, reflecting a 28% growth [2] E-commerce Performance - DKS experienced strong e-commerce results in the first quarter of fiscal 2025, surpassing overall growth, and achieved the largest Diamond Sports launches to date [3] - The company is rapidly scaling its multi-billion dollar e-commerce business by enhancing its online presence and capturing market share from competitors [4] Competitive Landscape - DKS faces intense competition from major retailers such as Amazon, NIKE, and lululemon, all of which are making substantial investments in their digital platforms to enhance customer engagement and drive revenues [5][6][7][8] Financial Performance and Valuation - DKS shares have declined by 13.3% year to date, compared to the industry's decline of 5.1% [12] - The company trades at a forward price-to-earnings ratio of 13.24X, below the industry average of 16.75X [13] - The Zacks Consensus Estimate for DKS' fiscal 2025 and fiscal 2026 earnings implies year-over-year growth of 2.4% and 7.1%, respectively [14]
44 Public Companies Make Time's Most Influential List: Coinbase, UFC, Nintendo, Netflix And More Stocks Investors Can Buy
Benzinga· 2025-06-27 15:39
Core Insights - Time Magazine's annual 100 Most Influential Companies list for 2025 highlights companies from the growing artificial intelligence sector and aims to recognize businesses that are shaping the future [1][2] - The selection criteria for the list include a combination of impact, innovation, ambition, and success, rather than relying solely on financial metrics [1] Group 1: Company Categories - The influential companies are categorized into five groups: Innovators, Disruptors, Leaders, Titans, and Pioneers [2] - Notable companies in the list include Alibaba Group Holding, BYD Co, Coinbase Global, and Amazon.com, among others, showcasing a diverse range of industries from e-commerce to biotechnology [7][10] Group 2: Public and Private Companies - Nearly half of the companies listed are publicly traded or part of publicly traded companies, providing investment opportunities for those looking to engage with influential businesses [8] - The list also features several private companies, such as OpenAI and SpaceX, which may present potential IPO opportunities in the future [9]
Dick's Sporting Goods: Buy Rating As Margin Expansion And Synergies Lead Growth
Seeking Alpha· 2025-06-26 13:21
Group 1 - The article initiates coverage on DICK'S Sporting Goods, Inc. with a Buy rating and a price target of $209, highlighting it as the leading omni-channel sporting goods retailer in the eastern U.S. [1] - DICK'S operates across a diversified portfolio, focusing on sporting goods equipment, apparel, and footwear [1]. - Moretus Research emphasizes a structured approach to equity research, aiming to identify companies with durable business models and mispriced cash flow potential [1]. Group 2 - The research methodology includes rigorous fundamental analysis and a focus on comparability, simplicity, and relevance in valuation [1]. - Moretus Research targets underappreciated companies undergoing structural changes or temporary dislocations, which can lead to asymmetric returns [1]. - The firm aims to elevate the standard for independent investment research by providing actionable insights and a strong filter for important factors in equity analysis [1].
DICK'S Sporting Goods: Upgrade To Buy On Better Near- And Long-Term Outlook
Seeking Alpha· 2025-06-17 06:15
Group 1 - The analyst previously assigned a hold rating to DICK'S Sporting Goods due to concerns over the uncertain macroeconomic environment affecting demand [1] - Recent developments have prompted a reassessment of the company's outlook [1] - The investment approach focuses on identifying undervalued companies with long-term growth potential, emphasizing value investing principles [1]
3 Resilient Retail Stocks That Are Still Growing Amid Tariffs
The Motley Fool· 2025-06-11 01:23
Core Viewpoint - The retail sector is facing significant tariff risks that can increase costs for businesses, impacting profits and pricing strategies for consumers [1] Group 1: Walmart - Walmart reported quarterly sales of $165.6 billion, a 4% increase excluding foreign exchange effects, with operating income rising over 4% to $7.1 billion [4] - Approximately 60% of Walmart's sales come from grocery operations, making it more resilient to tariff impacts compared to other retailers [5] - The stock has increased by over 7% this year, trading at more than 41 times its trailing earnings, indicating stability for long-term investors [6] Group 2: Costco Wholesale - Costco's comparable revenue growth was 8%, with total revenue reaching $63.2 billion and net income increasing by 13% to $1.9 billion [7] - Tariffs have raised costs for Costco, leading to price increases, but bulk purchasing allows consumers to save money [8] - The stock is up 9% this year but trades at 57 times its trailing earnings, suggesting potential overvaluation and risk if economic conditions worsen [9][10] Group 3: Dick's Sporting Goods - Dick's Sporting Goods announced plans to acquire Foot Locker for $2.4 billion, aiming to expand its customer base [11] - The company achieved a same-store sales growth of 4.5%, marking five consecutive quarters of over 4% growth, despite an 11% decline in net income to $264 million [12] - The stock has declined over 20% this year but trades at just 13 times its trailing earnings, presenting a potential value buy for long-term investors [13][14]
Dick's Sporting Goods(DKS) - 2026 Q1 - Quarterly Report
2025-06-09 21:03
Financial Outlook - The company has reaffirmed its full year outlook for 2025, expecting comparable sales growth in the range of 1% to 3% and earnings per diluted share between $13.80 and $14.40[51]. - The macroeconomic environment remains dynamic, influenced by elevated interest rates and inflationary pressures, which could impact consumer discretionary spending[49]. - The company is well-positioned for long-term growth despite the complex macroeconomic environment[50]. Acquisition and Merger - The company announced a definitive merger agreement to acquire Foot Locker for a total equity value of approximately $2.4 billion and an enterprise value of approximately $2.5 billion[47]. - A definitive merger agreement was entered into to acquire Foot Locker, with shareholders to receive either $24.00 in cash or 0.1168 shares of DICK'S common stock per share[70]. - Foot Locker delivered sales of $8 billion in fiscal 2024 and operates approximately 2,400 retail stores across 20 countries[47]. - The company anticipates the acquisition will deliver between $100 to $125 million in cost synergies in the medium-term through procurement and direct sourcing efficiencies[48]. Sales and Income Performance - Net sales increased by 5.2% to $3.17 billion in the current quarter, with comparable sales rising by 4.5%[57]. - Net income for the current quarter was $264.3 million, or $3.24 per diluted share, down from $275.3 million, or $3.30 per diluted share, in the prior year[57]. - Gross profit increased to $1.17 billion, with a gross profit margin improvement of 41 basis points[63]. Expenses and Financial Management - Selling, general and administrative expenses are expected to deleverage in fiscal 2025 due to strategic investments in digital, in-store, and marketing initiatives[54]. - Selling, general and administrative expenses rose by 5.7% to $785.5 million, increasing as a percentage of net sales by 11 basis points[64]. - The effective tax rate increased to 24.0% from 19.6% in the prior year quarter[67]. - The company has $1.0 billion in cash on hand and a $1.6 billion Credit Facility available[68]. Capital Expenditures and Investments - Capital expenditures for the quarter totaled $264.7 million, focusing on omni-channel platform development and store investments[75]. - The company anticipates fiscal 2025 capital expenditures of approximately $1.0 billion, focusing on store growth, relocations, and improvements[76]. - The company plans to open approximately 16 DICK'S House of Sport locations in 2025 and expects to have between 75 to 100 locations by the end of 2027[76]. - The company expects approximately 70% of its 2025 store openings to be relocations or remodels, increasing square footage by approximately 2% to 3%[76]. Shareholder Returns - The company repurchased 1.4 million shares for a total of $298.7 million under a $2.0 billion share repurchase program[57]. - During the 13 weeks ended May 3, 2025, the company repurchased 1.4 million shares at a cost of $298.7 million, with $212.9 million remaining under the share repurchase program[77]. - The company paid $99.9 million in dividends during the 13 weeks ended May 3, 2025, and declared a quarterly cash dividend of $1.2125 per share payable on June 27, 2025[79]. - Future share repurchase programs will depend on future earnings, cash flows, and financial requirements[78]. Cash Flow and Financing Activities - Net cash provided by operating activities decreased by $53.7 million to $178.046 million for the 13 weeks ended May 3, 2025, compared to the prior year[82]. - Cash used in investing activities increased by $227.7 million to $385.693 million for the 13 weeks ended May 3, 2025, primarily due to investments in new stores and a distribution facility[84]. - Cash used in financing activities increased by $220.9 million to $446.729 million for the 13 weeks ended May 3, 2025, mainly due to higher share repurchases[85]. - Liabilities associated with supply chain financing arrangements were $58.4 million as of May 3, 2025[81].
DICK'S Sporting Goods Signs on as the Official Sporting Goods Retail Partner of Fanatics Fest NYC
Prnewswire· 2025-06-09 13:03
Core Insights - DICK'S Sporting Goods has partnered with Fanatics as the Official Sporting Goods Retail Partner for Fanatics Fest NYC, scheduled for June 20-22, 2025, at the Javits Center [1][2][3] - The collaboration aims to enhance the festival experience with various fan-centered activities, including athlete meet-and-greets and interactive games [3][7] Company Overview - DICK'S Sporting Goods, founded in 1948 and headquartered in Pittsburgh, operates over 850 stores and offers a wide range of sporting goods and outdoor equipment [6] - The company is committed to supporting youth sports through its foundation, donating millions to under-resourced teams and athletes [7] Event Details - Fanatics Fest is described as an immersive festival celebrating sports culture, featuring expanded programming, larger superstores, and exclusive collaborations [4] - DICK'S will present a Kids Zone at the event, offering activities like open play, training sessions, and opportunities to meet professional athletes [3][4] Marketing and Promotion - DICK'S brand ambassador, IShowSpeed, will create content for his YouTube series during the event, highlighting the partnership's promotional efforts [2][3] - The festival will include various giveaways, competitions, and live podcast tapings, enhancing the overall fan experience [7]
Best Stock to Buy: Macy's vs. Dick's Sporting Goods
The Motley Fool· 2025-06-07 13:30
Retail Overview - The retail sector is currently facing challenges due to increased tariffs affecting prices for consumers, sellers, and producers [1] Macy's Performance - Macy's has experienced a decline in revenue over the last two years, with first-quarter adjusted earnings of $0.16 per share and total revenue of $4.60 billion, slightly above expectations [2] - Despite beating estimates, Macy's revenue fell from approximately $4.85 billion last year, with operating income down 24.8% year-over-year to $94 million and net income down 38.7% to $38 million [3] - The company has reiterated its net sales guidance for the year at $21 billion to $21.4 billion, down from $22.29 billion in 2024, and plans to raise prices to offset tariff impacts [5] Dick's Sporting Goods Performance - Dick's Sporting Goods reported a 5.2% year-over-year increase in sales revenue to approximately $3.18 billion, with non-GAAP income remaining flat at $275 million [6] - The company expects earnings per share in the range of $13.80 to $14.40 for 2025, with net sales projected between $13.6 billion and $13.9 billion, outperforming last year's revenue of $13.45 billion [7] - Dick's is expanding through the acquisition of Foot Locker for $2.5 billion, enhancing its position in the shoe market and setting the stage for future growth [7] Comparative Analysis - The comparison highlights Macy's efforts to close over 100 locations and raise prices versus Dick's strategy of growth through new store openings and acquisitions [8] - Dick's Sporting Goods shows better year-over-year sales figures and a diversified product offering, while Macy's is more concentrated in specific categories like clothing and perfumes [9] Investment Outlook - Dick's Sporting Goods is trading at a little over 12 times earnings with a 2.73% dividend yield, indicating potential long-term value despite short-term challenges from tariffs [10]