Dick's Sporting Goods, Inc. - DKS STOCK NEWS

DICK'S Sporting Goods (NYSE: DKS) will release its second quarter fiscal 2022 results on August 23rd before market opens. A conference call to discuss these results will take place at 10:00 a.m. ET on the same day, accessible via the company’s Investor Relations website. DICK'S operates over 850 stores and focuses on equipping athletes while supporting youth sports through various initiatives and donations. For further details, refer to their website.

DICK'S Sporting Goods has launched an interactive experience on Roblox called 'School of Sport', aimed at engaging young athletes during the back-to-school season. Live since July 27, 2022, this platform allows users to participate in challenges and earn style points to outfit their avatars with the latest gear. The experience mimics a real high school, featuring environments like The Locker Room and The Outdoor Cafeteria. Chief Marketing Officer Ed Plummer emphasized the importance of evolving consumer engagement through this entry into the Metaverse.

The DICK'S Sporting Goods Foundation and the Negro Leagues Baseball Museum are collaborating to host free baseball and softball camps for under-resourced youth athletes across the U.S. The camps, featuring current African-American professional players, aim to provide training and mentorship. Scheduled dates include June 16 in Cincinnati with Hunter Greene and several other locations through August. This initiative seeks to promote sports participation and bridge economic gaps in youth sports, as emphasized by both organizations' leaders.

DICK'S Sporting Goods (NYSE: DKS) announced first-quarter results ending April 30, 2022, with net sales of $2.7 billion, a 41% increase versus Q1 2019, but a 7.5% decrease from the previous year. Comparable store sales dropped 8.4%. Earnings per diluted share were $2.47, reflecting a 27.6% decline year-over-year. The company reported cash and equivalents of $2.3 billion and updated its full-year outlook, projecting earnings between $7.95 and $10.15. The quarterly dividend of $0.4875 per share is payable on June 24, 2022.

The DICK'S Sporting Goods Foundation has partnered with the McKeesport Area School District to enhance educational resources for students and families at Twin Rivers Elementary. This collaboration aims to create a holistic learning environment focusing on mental and physical well-being. Starting this fall, the initiative includes the establishment of a Community Resource Center, offering services like laundry and food pantries. Additional plans include a free summer camp, improved staffing, and a restructured school day to meet individual student needs.

PlantFuel Life Inc. has partnered with DICK'S Sporting Goods to feature its plant-based wellness products in DICK'S House of Sport stores starting in June 2022. This collaboration aims to enhance consumer access to premium health supplements in a state-of-the-art retail environment, designed to elevate the shopping experience. Key products include All-in-One Nutrition, Performance Protein, and Daily Immunity + Hydration. Brad Pyatt, CEO of PlantFuel, emphasized the partnership's significance for channel growth and the plant-based health category.

DICK'S Sporting Goods (NYSE: DKS) will announce its Q1 fiscal 2022 results on May 25, before market open. A conference call to discuss the results will occur at 10:00 a.m. ET, accessible via their Investor Relations website. Investors are encouraged to register early for the webcast. DICK'S operates over 850 stores and offers a range of athletic and outdoor products. More information on their corporate initiatives and community support can also be found on their websites.

Out&Back has launched an in-store buy-back program for hard outdoor gear in partnership with DICK’S Sporting Goods (DKS) and Public Lands. This initiative will begin in selected locations in Pittsburgh, PA, and Denver, CO, allowing customers to exchange unwanted gear for cash. The program aims to meet consumer demand for hard goods after a successful soft-goods category growth of 43%. Additionally, 1% of the buy-back value will be donated to 1% For The Planet.