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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) has announced a multiyear partnership with the University of Tennessee Athletics, marking a unique collaboration in Knoxville. As part of this agreement, DICK'S House of Sport will serve as the Presenting Partner for Youth Sports Day and the Tennessee Football Spring Coaches Clinic. This partnership aims to enhance youth sports participation and will feature special events at the store's 24,000 square foot facility. The collaboration is expected to leverage both organizations' strengths to benefit the community.
DICK'S Sporting Goods (NYSE: DKS) has been named an Official Marketing Partner of the WNBA, starting in 2021. This multiyear agreement establishes DICK'S as the Official Sporting Goods Retail Partner of the league, promoting women's sports and youth participation. DICK'S will offer WNBA merchandise, including Nike jerseys and Wilson basketballs, in stores and online, becoming the largest national retailer for WNBA gear. WNBA Commissioner Cathy Engelbert highlighted the partnership's potential to drive interest and engagement as the league celebrates its 25th season.
DICK'S Sporting Goods (NYSE: DKS) announced plans to hire a record 10,000 seasonal associates for the 2021 holiday season, marking an increase of 1,000 from 2020. The recruitment drive kicks off on National Signing Day, September 15, 2021, with positions available at stores and distribution centers nationwide. This initiative follows a successful second quarter, highlighted by a 19.2% increase in same-store sales. DICK'S will close all locations on Thanksgiving Day, November 26, 2021, ensuring employees spend the holiday with their families.
DICK'S Sporting Goods (NYSE: DKS) is set to open its first Public Lands store in Pittsburgh, PA on September 24, 2021. This new outdoor-focused concept aims to promote outdoor activities and features a 50,000 sq. ft. space with amenities like a 30-foot rock wall and gear rental services. Additionally, DICK'S will launch a Going, Going, Gone! location to offer discounted athletic products. These openings will create approximately 120 jobs, enhancing local employment opportunities.
DICK'S Sporting Goods, Inc. (NYSE: DKS) will present at the Goldman Sachs 28th Annual Global Retailing Virtual Conference on September 9, 2021, at 9:10 a.m. ET. The presentation will be available via a live webcast, which can also be accessed afterward on the company's Investor Relations website. As of July 31, 2021, DICK'S operates 731 retail locations in the U.S., specializing in a wide range of sporting goods and services. The company aims to inspire athletes through its product offerings and services.
DICK'S Sporting Goods (NYSE: DKS) announced the launch of Public Lands, a new outdoor specialty store concept, along with The Public Lands Fund, aimed at supporting conservation initiatives. The Fund will donate 1% of all gross sales and partner with non-profits focused on environmental conservation and accessibility to outdoor experiences. The first store opens in Pittsburgh from September 24-26, with a second location in Columbus set for October. Local and national non-profits will receive support, promoting inclusion and equity in outdoor activities.
DICK'S Sporting Goods reported strong second quarter earnings for 2021, achieving net sales of $3.27 billion, a 20.7% increase year-over-year. Consolidated same-store sales rose by 19.2%. Net income surged to $495.5 million, or $4.53 per diluted share, compared to $276.8 million in the same quarter of 2020. The company increased its full-year sales and earnings outlook, reflecting robust consumer demand. The balance sheet remains strong with $2.24 billion in cash, and the company announced a special dividend of $5.50 per share.
DICK'S Sporting Goods (NYSE: DKS) has appointed Navdeep Gupta as the new Chief Financial Officer, effective October 1, 2021. Gupta, who has been with the company since 2017, succeeds Lee Belitsky, who will continue to oversee key areas including supply chain and real estate. This transition is part of a long-term succession plan aimed at supporting the company's growth strategy. CEO Lauren Hobart expressed confidence in Gupta's financial expertise to drive company growth.
DICK'S Sporting Goods will announce its second-quarter results for fiscal 2021 on August 25, 2021, before market opening. A conference call to discuss the results is scheduled for 10:00 a.m. Eastern Time on the same day, accessible via their Investor Relations website. DICK'S operates 731 locations in the U.S. and offers a wide range of sporting goods through both physical stores and a robust eCommerce platform. Founded in 1948, the company is headquartered in Pittsburgh and also owns Golf Galaxy and Field & Stream specialty stores.
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