What is the revenue and EPS growth rate for Dick's Sporting Goods year over year?

Did Dick's Sporting Goods beat or miss consensus estimates last quarter?

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What does Dick's Sporting Goods do and what are its main business segments?

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What is Dick's Sporting Goods's latest dividend and current dividend yield?

What is Dick's Sporting Goods's gross profit margin?

What were the key takeaways from Dick's Sporting Goods's earnings call?

- **DICK'S Business Growth**: 4.5% Q4 comp growth, 10% 2-year stack, targeting 7.5% 2026. House of Sport and Field House expansions to 14 and 22 locations.
- **Foot Locker Turnaround**: Fast Break initiative drove 10%+ sales in 11 pilot stores; 250 stores to be repositioned by back-to-school 2026. Pro forma comps 1-3%, operating income $100-150M.
- **Financial Strength**: Non-GAAP EPS of $1.08, 11.1% operating margin for DICK'S. 2026 capex of $1.5B for store relocations and tech.
- **Strategic Initiatives**: AI-driven inventory management, GameChanger youth sports engagement, and women's sports expansion. 2026 World Cup and NBA activations to fuel momentum.

**【Management Remarks】**
- **DICK'S Business Momentum**: Q4 2025 saw a 3.1% comp increase, driven by strong sales across footwear, apparel, and hardlines. The 2-year stack comp reached 10%, with a 7.5% target for 2026.
- **Foot Locker Transformation**: The Fast Break initiative in 11 pilot stores achieved double-digit sales growth. Plans to expand to 250 stores by back-to-school 2026, with a focus on inventory optimization and brand partnerships.
- **Financial Highlights**: GAAP net income of $42 million, non-GAAP EPS of $1.08, and operating margin of 11.1% for the DICK'S business. Foot Locker contributed $1.52 billion in consolidated net sales, with a 4.2% increase in average ticket price.

**【CEO Commentary】**
- **Innovation and Expansion**: Launch of 14 House of Sport locations and 22 Field House locations in 2026, targeting emerging brands and digital engagement. The DICK'S Media Network (DMN) and GameChanger platform are driving youth sports engagement with high-definition video and personalized athlete tools.
- **Global Growth**: Expansion into women's sports and international markets, with partnerships in Asia and Europe. The World Cup and NBA All-Star Game activations drove exceptional sell-throughs, with Q4 sales exceeding expectations.

**【CFO Commentary】**
- **Financial Performance**: Consolidated net sales of $14.2 billion, with DICK'S business comps up 4.5% and Foot Locker comps down 3.1%. Gross margin expanded 67 basis points, driven by merchandise margin improvements.
- **2026 Outlook**: Comp sales growth of 2-4% for DICK'S, with operating margin of 11.1% at midpoint. Foot Locker expects 1-3% comp growth and operating income of $100-150 million. Capital expenditures of $1.5 billion focus on store relocations, technology, and Golf Galaxy Performance Centers.

**【Q&A Highlights】**
- **Fast Break Success**: 11 pilot stores saw 30% SKU reduction and double-digit sales growth. Expansion to 10 additional stores in L.A. during the NBA All-Star Game, with back-to-school 2026 target of 250 stores.
- **Inventory Management**: Use of DICK'S value chain (e.g., Going, Going, Gone) to clear unproductive inventory, resulting in higher cash recovery. Q4 gross margin expansion of 67 basis points from merchandise margin.
- **AI and Synergies**: Investment in AI for labor forecasting and custom recommendations. Medium-term synergies of $100-150 million from procurement and direct sourcing efficiencies, with 2026 benefits back-half weighted.
- **Foot Locker Recovery**: Pro forma comps of 1-3% for 2026, with operating income of $100-150 million. Focus on urban and suburban store repositioning, with 15 Golf Galaxy Performance Center openings.


DICK'S Sporting Goods, Inc. (DKS) Q4 2025 Earnings Call Transcript

- **DICK'S Strong Q3 Performance**: 5.7% comp growth, raised full-year guidance to 3.5-4%, driven by House of Sport expansion and e-commerce innovation.
- **Foot Locker Turnaround Plan**: $500M-$750M in charges for inventory and store closures, Q4 gross margin decline of 1,000-1,500 bps, targeting 2026 back-to-school recovery.
- **Accretion Confidence**: CFO reaffirms 2026 EPS accretion (excluding one-time costs), with $100M-$125M in cost synergies expected.
- **Brand and Vendor Support**: Key vendors committed to supporting Foot Locker turnaround, with new product allocations and marketing investments.

**【Management Opening Remarks】**
- **Foot Locker Acquisition Update**: CEO Ed Stack emphasized the transformative potential of the Foot Locker acquisition, acknowledging the need for significant operational turnaround. Q3 pro forma comp sales for Foot Locker declined 4.7% (North America: -2.6%, International: -10.2%), driven by inventory misalignment and brand shifts to DTC models.
- **Turnaround Strategy**: Aggressive inventory cleanup and store portfolio optimization expected to result in $500M-$750M in pre-tax charges. Q4 gross margins for Foot Locker expected to decline 1,000-1,500 bps due to markdowns, with a fresh start targeted for the 2026 back-to-school season.
- **Leadership Changes**: Ann Freeman (ex-Nike) and Matthew Barnes (ex-Aldi) appointed to lead North America and International operations, respectively. 11-store pilot testing new merchandising strategies shows early promise.

**【CEO (Lauren Hobart) Commentary】**
- **DICK'S Business Strength**: Q3 comps +5.7% (2-year stack: +10%), with e-commerce growth outpacing overall business. Full-year comp guidance raised to 3.5-4% from 2-3.5%, driven by House of Sport openings (35 locations) and Field House expansion (42 total).
- **Key Initiatives**: Trading cards/c Collectors Club House expansion, app-exclusive reservations, and personalized e-commerce experiences. Gross margin expanded 27 bps, offset by SG&A deleverage due to strategic investments.
- **2025 Outlook**: EPS guidance raised to $14.25-$14.55 (from $13.90-$14.50), reflecting confidence in DICK'S operational execution despite macro challenges.

**【CFO (Navdeep Gupta) Financial Commentary】**
- **Consolidated Results**: Q3 net sales $4.17B (+36.3%), driven by Foot Locker contribution. DICK'S non-GAAP EPS $2.78 (up 1.1%), offset by Foot Locker's Q4 margin decline.
- **Foot Locker Synergies**: Targeting $100M-$125M in cost savings via procurement and sourcing efficiencies. Effective tax rate for Q4 expected at 29% due to EMEA losses.
- **Balance Sheet**: $821M cash on hand, with DICK'S inventory up 2% vs. prior year, well-positioned for holiday.

**【Q&A Highlights】**
- **Foot Locker Inventory Cleanup**: Aggressive markdowns in Q4 to clear unproductive inventory, with 2026 back-to-school as inflection point. Management confident in achieving 2026 EPS accretion despite Q4 losses.
- **DICK'S Core Business Resilience**: CEO Lauren Hobart emphasized ring-fencing strategy to protect DICK'S momentum, with Q4 guidance reflecting cautious optimism for holiday sales.
- **Brand Alignment**: Key vendors fully aligned with Foot Locker turnaround, with increased investment in product innovation and assortment.


DICK'S Sporting Goods, Inc. (DKS) Q3 2025 Earnings Call Transcript

- **Q2 Growth**: 5% comps, 37.06% gross margin, $4.38 EPS beat expectations
- **Guidance Raise**: Full-year comp 2%-3.5%, EPS $13.90-$14.50
- **Strategic Initiatives**: 13 House of Sport openings in Q3, GameChanger app growth, DICK'S Media Network expansion
- **Foot Locker Deal**: $100M-$125M synergies; closing Sep 8
- **Tariff Management**: Gross margin expansion despite tariffs; surgical price increases
- **E-commerce Momentum**: Online sales growth outpacing company overall

**【Management Opening Remarks】**
- CEO Ed Stack highlighted Q2 2025 results with 5% comps, driven by strong execution of long-term strategies. 
- Announced pending Foot Locker acquisition closure on September 8, emphasizing strategic benefits of combining DICK'S and Foot Locker's omnichannel capabilities.
- Highlighted the convergence of sport and culture as a growth driver, with DICK'S uniquely positioned to capitalize on this trend.

**【CEO Commentary】**
- Raised full-year 2025 guidance: comp sales growth of 2%-3.5% (vs. prior 1%-3%) and EPS of $13.90-$14.50 (vs. prior $13.80-$14.40).
- Q2 results: 5% comps (vs. 4.5% last year), 30+ bps gross margin expansion, and $4.38 non-GAAP EPS.
- Key initiatives:
  - 16 House of Sport locations by year-end (13 openings in Q3)
  - 15 Field House locations by year-end
  - E-commerce growth outpacing company overall
  - GameChanger app with 7.4M unique users in Q2
- Emphasized omnichannel athlete experience, differentiated product assortment, and teammate engagement as growth drivers.

**【CFO Financial Commentary】**
- Q2 revenue: $3.65B (+5% YoY), driven by 4.1% avg ticket and 0.9% transactions.
- Gross margin: 37.06% (+33 bps YoY), driven by merch margin expansion and occupancy leverage.
- Non-GAAP operating income: $475M (13.02% of sales), down 105 bps YoY due to strategic investments.
- Balance sheet: $1.2B cash, no debt on $2B credit facility.
- Full-year outlook: 
  - Gross margin expansion offset by SG&A deleverage
  - Operating margin ~11.1% at midpoint
  - Preopening expenses $65M-$75M
  - Capex $1B

**【Q&A Highlights】**
- **Foot Locker Acquisition**: 
  - Plan to invest in stores, marketing, and apparel; expect $100M-$125M synergies
  - Closing on Sep 8; details to be shared on Q3 call
- **Tariffs**: 
  - Q2 gross margin expansion despite tariffs; surgical price increases
  - 2025 guidance includes all tariff impacts
- **Consumer Demand**: 
  - No slowdown seen; broad-based growth across footwear, apparel, team sports
  - E-commerce growth faster than company overall
- **GameChanger**: 
  - 7.4M unique users in Q2, 50%+ revenue growth
  - Integrating with DICK'S Media Network for personalized marketing
- **Foot Locker Strategy**: 
  - Focus on apparel, new product assortment, and store reinvestment
  - Brand partners excited about collaboration opportunities

DICK'S Sporting Goods, Inc. (DKS) Q2 2025 Earnings Call Transcript

- **$300B Global Expansion**: Foot Locker acquisition unlocks $100-125M annual synergies, targeting 3,200+ store network.
- **Q1 Momentum**: 4.5% comps, 40bps GM expansion, $3.37 EPS vs. $3.30 prior year.
- **Digital Surge**: GameChanger DAU +28%, e-commerce growth >10% Q1.
- **Tariff Resilience**: 2025 guidance includes all tariffs, 75bps gross margin expansion.
- **Acquisition Accretion**: EPS accretive in first full year, minimal store overlap with Foot Locker.

**【Executive Chairman Edward Stack - Acquisition Overview】**
- Announced transformative acquisition of Foot Locker, positioning DICK'S as a global leader in sports retail with 3,200+ stores.
- Expected $100-125M annual synergies and accretive to EPS in first full year post-close.
- Strategic rationale: Expand reach into urban, international markets; enhance brand partnerships; unlock operational efficiencies.

**【CEO Lauren Hobart - Q1 2025 Financial Highlights】**
- Q1 comps +4.5% (4.5% YoY), driven by +3.7% ticket and +0.8% transactions.
- Gross margin expanded 40bps to 36.7%, non-GAAP EPS $3.37 (+2.1% YoY).
- Digital growth outpaced company: e-commerce comps >10%.
- GameChanger app DAU +28% YoY, 6.5M unique users Q1.

**【CFO Navdeep Gupta - Financial Details】**
- Q1 revenue $3.17B (+5.2% YoY), operating income $360.4M (+7.7% YoY).
- SG&A expenses +7% YoY due to strategic investments in digital, marketing.
- Inventory +12% YoY, well-positioned for 2025 guidance of 1-3% comps.
- Full year EPS $13.80-14.40, gross margin +75bps YoY.

**【Key Q&A Takeaways】**
- **Tariff Mitigation**: Dynamic pricing, brand collaboration, tariff absorption in 2025 guidance.
- **Foot Locker Synergies**: Operational excellence, brand access, urban market expansion.
- **Digital Growth**: GameChanger monetization, DICK'S Media Network ad revenue.
- **Foot Locker Integration**: Minimal store overlap (<10%), focused on urban, international markets.


Dick's Sporting Goods (DKS) Q1 2025 Earnings Call Transcript

- **Record Growth**: FY2024 sales $13.4B (+8% 3-year stack), Q4 comps 6.4% (15% 3-year stack). EBIT margin 11.3%, EPS $14.05 (+10.5% YoY).
- **Strategic Expansion**: 16 new House of Sport locations in 2025, 18 Field House openings. 2025 capex $1B for real estate, tech, and adjacents.
- **Footwear Dominance**: 28% sales mix, 10x growth in 10 years. 2025 marketing push to accelerate share gains.
- **Profitability Targets**: 2025 gross margin +75bps, EBIT margin ~11.1%. 2025 EPS $13.80-$14.40.
- **Consumer Resilience**: 7M new athletes in 2024, growth across all income brackets. 2025 outlook cautious but confident in 1-3% comp growth.
- **Adjacents Growth**: GameChanger ($100M+ revenue, 40% CAGR) and Dick’s Media Network driving long-term gross margin expansion.


**【CEO Key Highlights】**
- **Record Performance**: FY2024 sales reached $13.4B, with 5.2% comp growth driven by 40% increase in average ticket and 1.2% transaction growth. Q4 comps rose 6.4%, outpacing 2023's 2.9% and 2022's 5.3%.
- **Market Leadership**: Commands ~9% of the $140B U.S. sports retail market, up 50bps YoY. EBIT margin expanded to 11.3%, with EPS of $14.05 (+10.5% YoY).
- **Strategic Growth Areas**: 
  1. **House of Sport & Field House**: 19 House of Sport locations (Q4 2024) to expand to 75-100 by 2027, with 16 openings in 2025. Field House locations to reach 44 by end-2025.
  2. **Footwear Dominance**: 28% of sales, up 900bps over 10 years. Q4 footwear comp growth outpaced total business.
  3. **Ecommerce Acceleration**: 2025 investments in tech, marketing, and Dick’s app to drive online share gains.
- **2025 Outlook**: 1-3% comp growth (midpoint 2% vs. 10% 3-year stack), EPS $13.80-$14.40, and 75bps gross margin expansion.

**【CFO Financial Breakdown】**
- **Q4 2024 Results**: 
  - Net sales: $3.89B (record high), +0.5% YoY (unfavorable $200M from 53rd week).
  - Gross margin: 34.96%, +39bps YoY (lower shipping costs, higher merch margin).
  - EBIT: $397.3M (10.2% margin), down 83bps YoY (strategic investments in tech, marketing).
  - EPS: $3.62 vs. $3.85 YoY (impacted by 53rd week).
- **FY2024 Results**: 
  - EBIT: $1.52B (11.3% margin), +$116M YoY.
  - EPS: $14.05 vs. $12.91 YoY (52-week basis).
- **2025 Guidance**: 
  - Sales: $13.6B-$13.9B, with 1-3% comp growth.
  - Gross margin: +75bps YoY (total 200bps 2022-2025 expansion).
  - EBIT margin: ~11.1% (midpoint), with 10bps expansion at high end.
  - Capital spend: $1B (incl. 16 House of Sport openings, 18 Field House locations).
  - Dividends: $1.21Q1 2025 (10% increase), +$3B share buyback program.

**【Q&A Key Takeaways】**
- **Tariff Strategy**: 85% branded, 15% private label, minimal China exposure. Diversified sourcing with brand partners; no tariff impact in 2025 guidance.
- **SG&A Management**: 2025 expects 101bps deleverage (first-half weighted), offset by 75bps gross margin expansion. Long-term focus on high-margin adjacents (GameChanger, Dick’s Media Network).
- **Consumer Resilience**: Q4 saw growth across all income demographics, 7M new athletes (+2.2M in Q4). 2025 outlook cautious but confident in 9% market share growth.
- **House of Sport Economics**: $35M/year1 omnichannel sales, 20% EBITDA margin. Capex ~$20M/loc (incl. real estate purchases).
- **Footwear Pipeline**: 2025 marketing blitz (e.g., March Madness), 3D imagery, RFID tech for faster fulfillment.


Actual											1.32	-1.71	3.21	2.01	2.43	3.79	5.08	3.19	3.64	2.85	3.68	2.6	2.93	3.4	2.82	2.85	3.85	3.3	4.37	2.75	3.62	3.37	4.38	2.07	3.45
Forecast											1.2174	-0.4268	1.2827	1.0834	2.3005	1.2147	2.8836	2.0574	3.4656	2.5155	3.5909	2.2695	2.884	3.1773	3.7828	2.4675	3.3588	2.9628	3.8861	2.6758	3.5227	3.2853	4.2967	2.6932	3.0175
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+8.43%	-300.66%	+150.25%	+85.53%	+5.63%	+212.01%	+76.17%	+55.05%	+5.03%	+13.30%	+2.48%	+14.56%	+1.60%	+7.01%	-25.45%	+15.50%	+14.62%	+11.38%	+12.45%	+2.77%	+2.76%	+2.58%	+1.94%	-23.14%	+14.33%

DKS

DKS fundamentals

DKS Q4 2026 Earnings

Earnings Call

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DKS

DKS fundamentals

DKS Q4 2026 Earnings

Earnings Call

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DKS Earnings Call Summary for Q2/202610:00 AM on Aug 28, 2025

DKS Earnings Call Summary for Q1/20268:00 AM on May 28, 2025

DKS Earnings Call Summary for Q4/20258:00 AM on Mar 11, 2025

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