Dick's Sporting Goods news and archive

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...

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Dick's Sporting Goods ups sales and earnings forecast

Dick’s Sporting Goods delivered 5.3 percent comparable sales growth in the first quarter, with net sales increasing to 3,018 million dollars. Reported earnings per diluted share were 3.30 dollars with 4 percent EBT growth. "Our strong first quarter results continue to prove that Dick’s is the go-to destination for sport and sport culture in the...

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Dick's Sporting Goods announces multi-year partnerships with the Celtics and Red Sox

Dick’s Sporting Goods has partnered with two iconic sports teams in Boston, the Celtics and Red Sox. Signing two multi-year partnerships, Dick’s Sporting Goods is the official sporting goods retail partner for each team franchise. Strengthening the bond between the sportswear retailer and the Boston community, news of the partnerships comes...

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Retail experiences: Sportswear for professionals and the mainstream market

Sports brands face the unique challenge of serving two very different customer groups: Professional athletes, who perform at the highest level and need the best products to do so, and the mainstream market, which increases sales volumes. This duality requires a differentiated brand strategy that effectively addresses both target groups. In...

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Dick’s Sporting Goods delivers strong holiday quarter

Dick’s Sporting Goods full year revenues of 13 billion dollars increased 5 percent and the company delivered a 2.4 percent comparable store sales growth, driven by a 1.6 percent increase in transactions. The company’s fourth quarter revenues increased 7.8 percent to 3.9 billion dollars with comparable sales growth of 2.8 percent. The company’s...

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Calia launches new Inspire collection with Lycra Adaptiv technology

Women's performance wear brand Calia has launched a new apparel collection named Inspire featuring Lycra Adaptiv technology. New to the market and a first for Dick's Sporting Goods brand, the collection features items made with Lycra Adaptiv fibers that offer the same stretch and strength as Lycra Spandex but with lightweight support and subtle...

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Dick’s Sporting Goods posts comparable store sales growth

Dick’s Sporting Goods delivered 1.8 percent growth in second quarter comparable store sales, driven by a 2.8 percent increase in transactions and continued market share gains. The company reported earnings per diluted share of 2.82 dollars compared to 3.25 dollars or 3.68 dollars on a non-GAAP basis, during the prior year quarter. Net income...

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Dick’s Sporting Goods increases dividend by 105 percent

Dick’s Sporting Goods delivered full year 2022 net sales of 12.37 billion dollars, up 0.6 percent versus 2021 and up 41.3 percent versus 2019. The company’s earnings per diluted share were 10.78 dollars compared to 13.87 dollars last year and non-GAAP earnings per diluted share were 12.04 dollars versus 15.70 dollars, while EBT margin was 11...

Fashion

Dick’s Sporting Goods to acquire outdoor retailer Moosejaw

Dick’s Sporting Goods has agreed to acquire leading outdoor retailer Moosejaw from Walmart. The acquisition, the company said in a statement, will expand Dick’s outdoor portfolio – currently led by its specialty retailer, Public Lands – and reaffirm its commitment to the long-term business opportunity in the growing multibillion-dollar outdoor...

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Dick’s Sporting Goods names Ray Sliva as executive vice president, stores

Dick’s Sporting Goods has announced the appointment of Ray Sliva as executive vice president, stores, effective January 3, 2023. Sliva, the company said in a release, will report to the company’s president and CEO Lauren Hobart and serve as a key member of the company's executive leadership team. "Our stores are a critical touchpoint with our...

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Dick’s Sporting Goods raises full year outlook

Comparable store sales at Dick’s Sporting Goods, Inc. increased 6.5 percent on top of a 12.8 percent increase in the third quarter of 2021, a 23.2 percent increase in the third quarter of 2020 and a 6 percent increase in the third quarter of 2019 Net sales of 3 billion dollars increased 7.7 percent versus the third quarter of 2021 and increased...

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Dick’s Sporting Goods raises outlook

Dick’s Sporting Goods second quarter comparable store sales declined 5.1 percent. Net sales declined by 5 percent to 3,112.4 million dollars and increased 38 percent versus the second quarter of 2019. The company delivered earnings per diluted share of 3.25 dollars and non-GAAP earnings per diluted share of 3.68 dollars. The company has raised...