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

Welcome to our dedicated page for Dick's Sporting Goods news (Ticker: DKS), a resource for investors and traders seeking the latest updates and insights on Dick's Sporting Goods stock.

DICK'S Sporting Goods, Inc. (NYSE: DKS) is a leading omni-channel sporting goods retailer, rooted in providing a wide array of top-quality athletic equipment, apparel, and footwear. Established in 1948 and headquartered in Pittsburgh, Pennsylvania, the company operates over 850 DICK'S Sporting Goods stores, along with specialty stores like Golf Galaxy, Public Lands, and DICK'S House of Sport.

The company prides itself on offering brand-name products from industry leaders such as Nike, The North Face, Under Armour, Callaway Golf, and TaylorMade. In addition to retail stores, DICK'S maintains an extensive online presence through its e-commerce platforms and mobile app, ensuring customers have access to their favorite sporting goods 24/7.

Recent Achievements

  • Partnered with the Boston Athletic Association to support local athletes in qualifying for the Boston Marathon.
  • Signed a golf ball endorsement agreement with Ben Griffin, a top 100 ranked PGA TOUR player, for the Maxfli Tour Series.
  • Reported strong first-quarter 2024 financial results, showcasing robust sales and earnings.
  • Announced multi-year partnerships with the Boston Celtics and Red Sox as their Official Sporting Goods Retail Partner.
  • Launched a new girls' apparel collection in collaboration with the WNBA, promoting youth participation in women's sports.
  • Celebrated 10 years of the Sports Matter Program, committing over $100 million to support under-resourced youth sports teams and athletes.

Financially, DICK'S Sporting Goods has demonstrated consistent growth and resilience. The company has a solid balance sheet and continues to invest in its real estate portfolio, vertical brand offerings, and new specialty concept stores. Their community-focused initiatives, such as Sports Matter and partnerships with major sports franchises, highlight their dedication to fostering sports participation at all levels.

For more detailed updates on DICK'S Sporting Goods, visit dicks.com and their investor relations site at investors.dicks.com.

Rhea-AI Summary

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.

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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.

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DICK'S Sporting Goods has announced it is hiring over 200 associates for its new House of Sport store in Minneapolis, set to open in May 2022. The innovative store will feature unique attractions such as a 35 ft. climbing wall, golf hitting bays, and a 20,000 sq. ft. outdoor turf field. It aims to serve as a community hub offering sports clinics and specialized roles for associates passionate about sports. The hiring process will continue throughout April 2022.

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DICK'S Sporting Goods (DKS) has teamed up with Just Women's Sports (JWS) to host the 2022 Bracket Challenge, offering a grand prize of $150,000, the largest ever for women's college basketball. Registration began on March 9, with selections opening on March 13 and closing on March 18 at 12:00 p.m. EDT. Additionally, $250 gift cards will be awarded for second to eleventh places. JWS aims to enhance fan engagement and interest in women's college basketball through this initiative, according to the founder Haley Rosen and DICK'S VP Melissa Christian.

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DICK'S Sporting Goods (NYSE: DKS) reported robust fourth-quarter results for fiscal 2021, with net sales reaching $3.35 billion, a 7.3% year-over-year increase. Consolidated net income surged to $346.1 million, or $3.16 per diluted share, reflecting a 43% rise from the previous year. Full-year net sales were $12.29 billion, up 28.3%, while consolidated net income rose 142% to $1.52 billion. Looking ahead, the company expects 2022 earnings per diluted share between $9.96 and $11.13 with same-store sales projected to decline 4% to flat.

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DICK'S Sporting Goods, Inc. (NYSE: DKS) will present at the BofA Securities Consumer and Retail Technology Conference on March 9, 2022, at 8:50 a.m. Eastern Time in New York. The presentation will be available via live webcast on the company's Investor Relations website. DICK'S operates over 850 stores and is dedicated to supporting youth sports through charitable initiatives. More details are available on their official website.

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DICK’S Sporting Goods partners with SidelineSwap to launch trade-in events starting February 2022 in Dallas, allowing athletes to exchange used sports gear for store credit. Participants can also donate a portion of their trade-in value to local sports organizations. SidelineSwap's CEO mentions the initiative supports a circular economy, benefiting both athletes and the environment. To date, SidelineSwap has facilitated trades for over one million athletes, contributing to the broader resale market valued at $20 billion for used sports gear.

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DICK'S Sporting Goods, Inc. (NYSE: DKS) will announce its fourth quarter and full year 2021 results before the market opens on March 8. A conference call to discuss these results is scheduled for 10:00 a.m. ET on the same day, available via webcast on the company's investor relations site. DICK'S operates over 850 retail stores and a robust online platform, serving athletes and outdoor enthusiasts. The company is also dedicated to youth sports initiatives through its Foundation, supporting under-resourced teams.

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FAQ

What is the current stock price of Dick's Sporting Goods (DKS)?

The current stock price of Dick's Sporting Goods (DKS) is $218.76 as of December 20, 2024.

What is the market cap of Dick's Sporting Goods (DKS)?

The market cap of Dick's Sporting Goods (DKS) is approximately 17.7B.

What is DICK'S Sporting Goods' primary business?

DICK'S Sporting Goods retails athletic equipment, apparel, and footwear through its stores and online platforms.

Where is DICK'S Sporting Goods headquartered?

DICK'S Sporting Goods is headquartered in Pittsburgh, Pennsylvania.

How many stores does DICK'S Sporting Goods operate?

DICK'S operates over 850 DICK'S Sporting Goods stores and additional specialty stores like Golf Galaxy and Public Lands.

What brands does DICK'S Sporting Goods carry?

DICK'S carries top brands such as Nike, The North Face, Under Armour, Callaway Golf, and TaylorMade.

What recent partnerships has DICK'S Sporting Goods announced?

DICK'S recently partnered with the Boston Celtics and Red Sox as their Official Sporting Goods Retail Partner.

What community initiatives is DICK'S Sporting Goods involved in?

DICK'S is involved in the Sports Matter Program, donating millions to support under-resourced youth sports teams and athletes.

What is the Sports Matter Program?

The Sports Matter Program is DICK'S initiative to support youth sports by providing funding for equipment, registration fees, league costs, and playing fields.

Who founded DICK'S Sporting Goods?

DICK'S Sporting Goods was founded in 1948 by the father of current executive chairman Edward Stack.

What financial results did DICK'S report for the first quarter of 2024?

DICK'S reported strong sales and earnings for the first quarter of 2024, reflecting robust financial performance.

Where can I find more information about DICK'S Sporting Goods?

More information can be found on their official website at dicks.com and their investor relations site at investors.dicks.com.

Dick's Sporting Goods, Inc.

NYSE:DKS

DKS Rankings

DKS Stock Data

17.65B
55.71M
3.72%
93.02%
4.74%
Specialty Retail
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