Despite strong Q4, inflation and tariffs impact Dick's Sporting Goods forecast

Dick's Sporting Goods delivered a robust fourth quarter, exceeding analyst expectations, yet projected 2025 profits below Wall Street estimates due to anticipated impacts from rising inflation and tariffs on consumer spending.

The sports goods retailer reported a 6.4 percent increase in comparable sales for the holiday quarter. Net income reached 300 million dollars, or 3.62 dollars per share, with sales climbing to 3.89 billion dollars, both surpassing consensus estimates.

Despite strong set of results, Dick's forecast for earnings per share between 13.80 dollars and 14.40 dollars, and net sales ranging from 13.6 billion dollars to 13.9 billion dollars, missing analyst targets. Comparable sales are expected to grow between 1 and 3 percent.

"Our fourth quarter marked an exceptional conclusion to another successful year. With a 6.4 percent Q4 comp, we achieved the highest sales quarter in company history," stated Lauren Hobart, president and chief executive officer.

"For 2025, our outlook reflects strong confidence in our strategies and operational strength, while acknowledging the dynamic macroeconomic environment," Hobart added.

The company's board of directors approved a 10 percent increase in the quarterly dividend and authorised a new five-year share repurchase program of up to 3 billion dollars.

In 2024, Dick's opened seven House of Sport locations and 15 Dick's Field House locations, with plans to launch approximately 16 additional House of Sport locations and 18 Dick's Field House locations in 2025.