• Loading stock data...
Friday, July 12, 2024

Dick’s Sporting Goods Picking Up Steam

  • Dick's Sporting Goods reported $3.11 billion in second-quarter revenue.
  • Net sales increased 38% from the same period in 2019.

Dick’s Sporting Goods reported $3.11 billion in second-quarter revenue, outpacing analysts’ estimates of $3.07 billion.

Net sales fell 5% year-over-year but increased 38% from the same period in 2019 — which executive chairman Ed Stack attributes to higher sales during the pandemic and previous structural changes.

Comparable store sales declined 5.1%, while net income fell to $318.5 million, a 35.7% year-over-year decline from $495.5 million.

Dick’s Sporting Goods raised its full-year guidance and now expects comparable store sales to decline 6% to 2%, rather than the previously estimated drop of 8% to 2%. 

Dick’s Deals

Dick’s Sporting Goods continues to jump on new business opportunities despite economic conditions. 

  • Earlier this month, the company entered an agreement with the defending WNBA champions Chicago Sky to become the team’s official sporting goods retailer.
  • In July, the company launched an interactive experience with Roblox as kids return to school.
  • In May, Dick’s brand CALIA launched its first-ever women’s golf collection.

The company has more than 850 Dick’s Sporting Goods, Golf Galaxy, Field & Stream, Public Lands, Warehouse Sale, and Going Going Gone! stores. It also operates Golf Galaxy Performance Center and Dick’s House of Sport.

Copy Link
Link Copied
Link Copied

What to Read

NFLPA Report Cards Have Become the ‘Talk of the Locker Room’ Across..

NFLPA report cards have become the ‘talk of the locker room.’

The New College Sports Insiders Are Graphic Designers

Joe Tipton and Hayes Fawcett have become premier news-breakers on social media.
Oct 27, 2023; Sacramento, California, USA; A general of the Sacramento Kings logo on the court before the game against the Golden State Warriors at Golden 1 Center.

How Sports Went From Private Equity Punchline to Coveted Asset Class

Once an industry punchline, sports are now a coveted asset class.

Willie Mays’s Humility Was Key to His Genius

Mays took heat from all sides, and handled it his own way.
podcast thumbnail mobile
Front Office Sports Today

College Sports’ Newest Insiders


Featured Today

As Realignment Becomes Official, the Power 5 Era Is Over

It’s yet another indicator that college sports have become more commercialized.
Coyotes owner Alex Meruelo speaks to the media at a press conference announcing his new ownership of the Coyotes at Gila River Arena in Glendale on July 31, 2019. Alex Meruelo
June 29, 2024

The Dysfunctional Family Affair That Poisoned Arizona Coyotes

An absent Alex Meruelo left a power vacuum for his inexperienced son.
June 26, 2024

‘Inside Out 2’ Could Be a ‘Mighty Ducks’ Moment for Women’s Hockey

The movie could spark a new era of growth in the sport.
Jan 3, 2022; Pittsburgh, Pennsylvania, USA; General view of the NFL shield logo signage before the Pittsburgh Steelers host the Cleveland Browns at Heinz Field.
June 11, 2024

Odds Stacked Against NFL in Multibillion-Dollar Sunday Ticket Trial

Why the class action trial does not look promising for the league.

Silver Lake to Take Endeavor Private, Ending Tough Stock Market Run

Private equity giant Silver Lake is set to acquire the remaining shares it didn’t already own.
Exterior of Nike Company Store
February 16, 2024

Nike to Lay Off 2% of Its Workforce in Cost-Savings Effort

The sportswear giant hinted at staff cuts in a December earnings call.
February 16, 2024

DraftKings Trends Toward the Black, Buys Lottery App

The sports gambling giant continues to narrow its losses.

TopSpin 2K25 Brings the Legends of Tennis to Your Living Room

2K sports is reviving a classic with TopSpin 2K25.
February 7, 2024

ESPN DTC to Debut by Fall 2025, but Streaming Alliance Hastens Market Entry

Date set for stand-alone version of network, but new joint venture will beat that by a year.
January 22, 2024

They Make Sports Balls—and They Could Be Worth Almost $9 Billion

Amer Sports looks to raise as much as $1.8 billion in the public markets.
A view of a FanDuel sportsbook location.
January 18, 2024

FanDuel Strengthens U.S. Dominance Ahead of NYSE Debut

Flutter posts strong financial results as NYSE shares are set to debut Jan. 29.
The swoosh logo at Nike Eugene.
September 28, 2023

Nike Misses Revenue Wall Street’s Projections, But Company’s Stock Soar

The company offset the shortfall by exceeding expectations in earnings per share.