Dick's Sporting Goods(DKS)

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DICK'S Sporting Goods Purchases Paul Skenes Topps MLB Debut Patch Card
Prnewswire· 2025-03-21 19:57
"DICK'S is passionate about bringing fans closer to the game," said Ed Stack, Executive Chairman, DICK'S. "Acquiring the Paul Skenes MLB Debut Patch card enables us to celebrate his incredible talent while giving our athletes a unique opportunity to experience a piece of baseball history up close. We're thrilled to bring this special card home and display it in our Pittsburgh House of Sport store where it can inspire the next generation of athletes and collectors." The card will be displayed in a new collec ...
DICK'S Sporting Goods taps IShowSpeed, Tom Brady, Kevin Durant, Suni Lee and Travis Hunter for Latest Footwear Campaign
Prnewswire· 2025-03-20 13:30
IShowSpeed, who is known for his unparalleled athleticism, is surprised when his routine shopping trip to DICK'S Sporting Goods for a pair of sneakers turns into an all-out competition against a roster of legendary athletes. Brady, Durant, Lee and Hunter appear out of thin air to challenge the global phenom to a series of tests – from a 1-on-1 contest with Durant and backflip challenge with Suni to a face-off with The GOAT – all while he's trying to shop for some of the hottest footwear in the game, includi ...
Maxfli Announces Golf Ball Partnership with Renowned Instructor Sean Foley
Prnewswire· 2025-03-19 13:57
Group 1 - Maxfli has announced a partnership with renowned golf instructor Sean Foley, who will serve as an ambassador and exclusively play the Maxfli Tour X ball [1][2] - Foley's coaching experience includes working with top golfers like Tiger Woods and Lydia Ko, and he emphasizes the performance benefits of the Maxfli Tour Series golf balls [1][2] - The Maxfli Tour Series is designed for elite performance, featuring advancements such as increased mantle layer firmness and a new 336 Dimple Pattern for improved ball flight [2][3] Group 2 - The Maxfli Tour X ball is sold exclusively at DICK'S Sporting Goods and Golf Galaxy, which are part of a portfolio that includes other top golf brands [3] - Maxfli has over 100 years of history in the golf industry, recognized for producing tour-quality equipment that appeals to technology-driven golfers [4] - DICK'S Sporting Goods operates more than 850 stores and is committed to supporting youth sports through various community initiatives [5][6]
Dick's Sporting Goods Posts Q4 Beat, Guidance Disappoints As Analysts Highlight Market Share Gains
Benzinga· 2025-03-12 15:51
Core Viewpoint - Dick's Sporting Goods reported strong fourth-quarter results, with net sales and earnings exceeding expectations, but the guidance for 2025 fell short of analyst estimates [1][2][4][8]. Financial Performance - Fourth-quarter net sales increased by 6.4% to $3,894 million, surpassing the expected $3,777 million [2]. - Earnings per share for the quarter were $3.62, beating the consensus estimate of $3.52 [4]. - The company maintained its position as the largest US sporting goods retailer, growing its market share by approximately 50 basis points to about 9.0% [5]. Guidance and Future Outlook - Management's earnings guidance for 2025 is projected to be between $13.80 and $14.40 per share, which is below prevailing estimates [3]. - The lower-than-expected guidance reflects investments in long-term strategic growth initiatives, impacting near-term profitability [5]. - Analysts noted that increased inventory could support potential comparable sales upside in spring 2025 but also poses markdown risks if business slows [3]. Strategic Initiatives - The company is focusing on expanding its store concepts, including House of Sport and Field House, which have been well-received [5][7]. - Investments in digital and footwear, along with market share gains, are expected to support comparable sales [6]. - The GameChanger and Dick's Media Network are anticipated to be important drivers for margins and potential multiple expansion over time [7]. Analyst Ratings and Price Targets - Stifel maintained a Hold rating, reducing the price target from $240 to $226 [9]. - Telsey Advisory Group reaffirmed an Outperform rating, cutting the price target from $260 to $250 [9]. - Goldman Sachs reiterated a Buy rating, lowering the price target from $280 to $242 [9]. - Wedbush maintained a Neutral rating with a price target of $215 [9]. - Guggenheim Securities reiterated a Neutral rating on the stock [9]. Market Reaction - Shares of Dick's Sporting Goods declined by 1.62% to $195.75 at the time of publication [10].
Dick's Sporting Goods(DKS) - 2025 Q4 - Earnings Call Transcript
2025-03-11 19:31
DICK’S Sporting Goods (DKS) Q4 2025 Earnings Call March 11, 2025 03:31 PM ET Company Participants Nate Gilch - Senior Director of Investor RelationsLauren Hobart - President and CEONavdeep Gupta - Executive VP & CFOSimeon Gutman - Managing DirectorKate McShane - Managing DirectorJoseph Feldman - Senior MD & Assistant Director - Research Conference Call Participants Adrienne Yih - Managing Director, Consumer Discretionary AnalystBrian Nagel - MD & Senior Analyst - Consumer Growth & eCommerceMichael Lasser - ...
Dick's: Customers Will ‘Lean Into' Sports Despite Uncertainty
PYMNTS.com· 2025-03-11 18:12
Core Insights - Dick's Sporting Goods reported a record 6.4% increase in comparable sales for the quarter, indicating strong customer engagement with sports despite economic uncertainty [1] - The company is strategically investing in real estate, in-store enhancements, and digital experiences to expand market share, while forecasting a more modest sales growth of 1% to 3% for the year [2] - The CEO emphasized the importance of outdoor activities and sporting events during stressful times, reflecting a shift in consumer behavior towards viewing sports as a necessity rather than a discretionary item [3][4] Strategic Initiatives - Dick's plans to expand its House of Sports locations, aiming for 75-100 stores by the end of 2027 after opening seven in 2024 [4] - The company is enhancing its footwear business, with a "full-service" footwear experience now available in 90% of its stores [4][5] - Partnerships with key brands and athletes will be pursued to strengthen the company's position as a leading destination for trendy footwear [5] Digital Growth - The GameChanger platform has reached 9 million unique users, with 1.8 million daily active users, contributing to over $100 million in revenue in 2024 [6] - The company projects GameChanger's revenue to grow to $150 million this year, highlighting the importance of digital engagement in its overall strategy [6]
DICK'S Sporting Goods: Stock Is On Sale
Seeking Alpha· 2025-03-11 17:24
Group 1 - The core focus of Quad 7 Capital is to provide investment opportunities through their BAD BEAT Investing platform, emphasizing both long and short trades with a proven track record of success [1] - The team consists of 7 analysts with diverse expertise in business, policy, economics, mathematics, game theory, and sciences, aiming to teach investors to become proficient traders [1] - Since May 2020, the company has maintained an average position of 95% long and 5% short, showcasing their strategic approach to market conditions [1] Group 2 - BAD BEAT Investing offers various benefits, including weekly well-researched trade ideas, access to multiple chat rooms, and daily summaries of key analyst upgrades and downgrades [2] - The platform also provides educational resources for basic options trading and extensive trading tools to enhance investor knowledge and execution [2]
Dick's Sporting Goods(DKS) - 2024 Q4 - Earnings Call Transcript
2025-03-11 15:24
Financial Data and Key Metrics Changes - For the full year 2024, the company achieved record sales of $13.44 billion, with comparable sales (comps) increasing by 5.2% driven by growth in average ticket and transactions [11][34] - The fourth quarter saw comps increase by 6.4%, building on a 2.9% increase in 2023 and a 5.3% increase in 2022 [12][34] - The company reported an EBIT margin of 10.2% for Q4 and an EPS of $3.62, compared to last year's non-GAAP EPS of $3.85 [13][41] Business Line Data and Key Metrics Changes - The footwear business is highlighted as a key growth area, with significant investments planned to enhance the customer experience and increase market share [22][100] - The House of Sport concept has shown strong financial results, with expectations of approximately $35 million in year one omnichannel sales and an EBITDA margin of around 20% [18][55] Market Data and Key Metrics Changes - Dick's Sporting Goods commands just under 9% of the $140 billion U.S. sports retail market, representing an increase of approximately 50 basis points from the previous year [13] - The company gained approximately 100 basis points of market share over the past two years [14] Company Strategy and Development Direction - The company plans to invest significantly in digital and in-store opportunities, focusing on three growth areas: repositioning real estate, footwear growth, and ecommerce acceleration [17][25] - The strategic pillars include delivering an elevated omnichannel athlete experience and enhancing brand partnerships [19][29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the consumer's resilience, noting growth across all income demographics and a strong performance in Q4 [68][134] - The company anticipates comp sales growth of 1% to 3% for 2025, reflecting a cautious approach due to macroeconomic uncertainties [30][46] Other Important Information - The company plans to open approximately 16 more House of Sport locations in 2025, aiming for a total of 75 to 100 locations by 2027 [20][53] - A 10% increase in the quarterly dividend was announced, marking the 11th consecutive year of dividend increases [59] Q&A Session Summary Question: Can you talk about the tariffs and their impact? - Management indicated that existing tariffs have been considered in guidance, but new discussions are not included. The company has diversified its supply chain away from China [71][121] Question: Can you provide details on pre-opening expenses? - Pre-opening expenses will vary based on new store openings, with more clarity expected in future calls [74] Question: How was the 2025 guidance built? - The guidance was based on expected top-line sales, SG&A investments, and growth opportunities in ecommerce and footwear [86] Question: Are you seeing a weaker consumer currently? - Management clarified that they are not seeing a weaker consumer and expressed optimism about the current market conditions [134] Question: What is the outlook for product innovation from key partners? - There is excitement about the product pipeline from brand partners, indicating a resurgence in product innovation [138]
2 Retail Stocks In Focus After Profit Warnings
Schaeffers Investment Research· 2025-03-11 14:52
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) Surpasses Q4 Earnings and Revenue Estimates
ZACKS· 2025-03-11 13:10
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 ...