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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.
DICK'S Sporting Goods (NYSE: DKS) announced its role as the presenting sponsor of the Women's Sports Foundation's NGWSD 5K & 50 Mile Challenge, celebrating National Girls & Women in Sports Day on February 2. The virtual 5K runs from February 1 to February 28, and the 50 Mile Challenge spans from February 1 to June 23. The company emphasizes its commitment to female athletes through initiatives like its partnership with the WNBA, donating 100,000 sports bras, and forming a Girls' Power Panel. These efforts reflect DICK'S dedication to empowering girls and women in sports.
DICK'S Sporting Goods (NYSE: DKS) announced the closing of $1.5 billion in senior unsecured notes on January 14, 2022. This includes $750 million of 3.15% notes due 2032 and $750 million of 4.1% notes due 2052. The proceeds will be used for general corporate purposes, including potential repurchases of existing convertible senior notes. Additionally, a new $1.6 billion unsecured revolving credit agreement was established, replacing a previous secured facility. CEO Lauren Hobart highlighted the significance of this offering in strengthening the company's financial flexibility.
DICK'S Sporting Goods and Golf Galaxy have partnered with Golf Digest to become the exclusive retailers for the Golf Digest Hot List, a key resource for golfers. This partnership allows customers to experience and receive custom fittings for gold and silver medal products in stores starting January 25, 2022. ScoreCard members will also benefit from subscriptions to Golf Digest's digital and print editions. This collaboration aims to enhance golfers’ experiences by providing expert advice and access to high-quality equipment.
DICK'S Sporting Goods (NYSE: DKS) reported strong third-quarter results for the period ending October 30, 2021, with net sales of $2.75 billion, a 13.9% increase year-over-year, and a remarkable 40% rise compared to 2019. Same-store sales grew by 12.2%. The company achieved a net income of $316.5 million, or $2.78 per diluted share, up from $177.2 million, or $1.84 per share in Q3 2020. E-commerce sales surged by 97% since 2019, now constituting 19% of total sales. DICK'S has increased its full-year outlook for 2021 for the third time, supported by robust consumer demand and an impressive product assortment.
DICK'S Sporting Goods (NYSE: DKS) announced its participation in the Morgan Stanley Virtual Global Consumer & Retail Conference on November 30, 2021, at 8:45 a.m. Eastern Time. The presentation will be available via live webcast and can be accessed later through the Investor Relations section of the company's website. DICK'S is a leading omni-channel retailer, operating 734 stores in the U.S. as of October 30, 2021. The company offers a variety of sports equipment, apparel, and accessories, supported by its eCommerce platform and specialty stores.
DICK'S Sporting Goods (NYSE: DKS) has launched its 2021 online holiday gift guide and announced Black Friday deals running from Nov. 21 to Nov. 27. Featured offers include 50% off select items and daily promotions throughout the season. The company will close on Thanksgiving to prioritize employee family time, reopening at 5 a.m. on Black Friday. Enhanced shopping options include curbside pickup, same-day delivery in 47 states, and flexible payment plans like Affirm and Afterpay. Customers can benefit from DICK'S Best Price Guarantee and gift cards, ensuring a seamless shopping experience.
DICK'S Sporting Goods and The DICK'S Sporting Goods Foundation are launching their fourth Sports Matter #GiftOfSportTour, delivering 10,000 gifts of sports equipment to under-resourced children across eight cities in the western U.S. The initiative includes participation from professional athletes and aims to inspire youth sports participation. In addition, the foundation will donate up to $6 million in community grants and triple-match donations on DonorsChoose starting November 16, enhancing support for youth sports organizations nationwide.
DICK'S Sporting Goods (NYSE: DKS) and NIKE (NYSE: NKE) announced a transformative partnership to enhance the shopping experience for their customers. The collaboration allows users to connect their DICK'S Scorecard and NIKE Membership accounts via the DICK'S mobile app, granting access to exclusive products and member-only events. Key features include member-exclusive launches, such as a NIKE Air Force 1 release on Nov. 4, 2021, and in-store events starting in November. The partnership aims to deliver better experiences and meet evolving customer needs.
DICK'S Sporting Goods, Inc. (NYSE: DKS) will release its third-quarter fiscal 2021 results on November 23 before market opening. A conference call is scheduled for 10:00 a.m. Eastern Time on the same day to discuss the results, which will be accessible via their Investor Relations website. As of October 30, 2021, DICK'S operates 734 locations in the U.S., providing a range of sports equipment, apparel, and accessories. The company focuses on enhancing customer experience through its omni-channel retail approach, combining in-store and online services.
DICK'S Sporting Goods (NYSE: DKS) announces the grand opening of its second Public Lands store in Columbus, Ohio on November 5, along with a Golf Galaxy Performance Center in Woodbury, Minnesota. The new Public Lands store will feature a 60,000 sq. ft. space dedicated to outdoor and lifestyle products, including a rock wall and gear rental services. Meanwhile, the new Golf Galaxy location aims to enhance golfing experiences with advanced technology and services. The openings showcase DICK'S commitment to expanding its specialty retail offerings.
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