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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.
Synchrony (NYSE: SYF) and DICK'S Sporting Goods (NYSE: DKS) have announced a multi-year extension of their strategic partnership. This extension aims to enhance athlete services and experiences through the DICK'S Sporting Goods ScoreRewards Credit Card program. The partnership will focus on:
- Driving athlete loyalty
- Enhanced technology capabilities
- Expanded data and analytics
- Superior in-store athlete experience
The ScoreRewards Credit Card Program will continue to offer benefits such as earning rewards 2X faster, exclusive member-only offers, and digital account management. These cards can be used online and across DICK'S Sporting Goods' 800+ retail locations, including House of Sport, Golf Galaxy, and Public Lands.
DICK'S Sporting Goods (NYSE: DKS) reported strong Q2 2024 results, raising its full-year outlook. Key highlights include:
- Net sales of $3.47 billion, up 7.8% year-over-year
- Comparable sales growth of 4.5%
- Earnings per diluted share of $4.37, up 55% from prior year
- Income before income taxes of $482 million, a 13.9% margin
The company raised its full-year 2024 guidance:
- Comparable sales growth: 2.5% to 3.5% (up from 2.0% to 3.0%)
- Earnings per diluted share: $13.55 to $13.90 (up from $13.35 to $13.75)
- Net sales: $13.1 billion to $13.2 billion
DICK'S attributes its success to its omni-channel strategy, differentiated product assortment, and strong execution. The company continues to expand its store network, including its House of Sport concept.
The DICK'S Sporting Goods Foundation's Q2 2024 giving report highlights their commitment to youth sports participation. Key initiatives include:
- Over $1 million in Sports Matter Grants for teammate-nominated youth sports organizations
- Renewed partnerships with LISC and Project Play
- A $100,000 grant to Harlem Lacrosse
- A $60,000 combined grant with On to Special Olympics Pennsylvania
- Support for McKeesport Area School District's summer camp program
The Foundation's efforts aim to inspire and enable youth sports participation, focusing on under-resourced communities and expanding access to play.
DICK'S Sporting Goods (NYSE: DKS) has announced its participation in the Goldman Sachs 31st Annual Global Retailing Conference on September 5th, 2024, at 10:20 a.m. Eastern Time. The event, featuring a fireside chat with DKS management, will be webcast live and available for replay on the company's Investor Relations website.
DICK'S Sporting Goods, founded in 1948, is a leading omnichannel retailer serving athletes and outdoor enthusiasts through over 850 stores across various brands, including DICK'S Sporting Goods, Golf Galaxy, and Public Lands. The company also operates the GameChanger mobile platform for youth sports. DICK'S is committed to supporting youth sports through its Sports Matter program and other community initiatives.
DICK'S Sporting Goods (NYSE:DKS) has announced plans to construct an 800,000-square-foot regional distribution center in Fort Worth, Texas. The facility, expected to open in early 2026, will create 300 new full-time jobs over the next decade. This next-generation center will be DICK'S sixth distribution facility, supporting over 100 stores across several states. The company chose Fort Worth for its business-friendly environment, qualified workforce, and proximity to DICK'S expanding footprint in Texas.
The center will be located on an 89.5-acre site within the Risinger/35 Logistics Park. DICK'S is partnering with Hillwood for development and construction. The facility will incorporate sustainability initiatives, including high-efficiency lighting and HVAC, recycled materials, and recycling programs. Construction is set to begin this fall, creating over 800 temporary construction jobs.
DICK'S Sporting Goods (NYSE: DKS) has announced plans to construct an 800,000-square-foot regional distribution center in Fort Worth, Texas. This next-generation facility, set to open in early 2026, will be the company's sixth distribution center and is expected to create 300 new full-time jobs over the next 10 years. The center will support DICK'S business in Texas and provide distribution capabilities to more than 100 stores across several states.
The facility will be located on an 89.5-acre site within the Risinger/35 Logistics Park, developed by Hillwood. DICK'S plans to implement sustainability initiatives in the new center, including high-efficiency lighting and HVAC, recycled construction materials, and recycling programs. Construction is scheduled to begin in early fall, with the building phase expected to produce over 800 temporary construction jobs.
GameChanger, a DICK'S Sporting Goods company, has launched the Stay & Play Champions program to address declining youth sports participation. The program features five teen athletes who will organize events and advise GameChanger on promoting play persistence in their communities. Each Champion, nominated by a non-profit, will focus on reducing barriers for underrepresented athletes and encouraging kids to stick with sports.
The 2024 Champions include:
- Kingston Baez (17, FL) - Empowering community through sports
- Kingston Davenport (17, IA) - Active in Meskwaki Nation
- Johnathan Oaks (18, PA) - Promoting inclusion in Special Olympics
- Sydney Mednik (15, MD) - Co-founder of Pass with Purpose
- Maegha Ramanathan (16, CA) - Founder of Girls4Sports
The initiative aims to combat the trend of children quitting sports by age 11, as reported by the Aspen Institute.
DICK'S Sporting Goods (NYSE: DKS) has scheduled its second quarter fiscal 2024 results announcement for September 4th, 2024, before the market opens. A conference call to discuss the results will be held at 8:00 a.m. Eastern Time on the same day. The call will be webcast and accessible via the company's Investor Relations website. DICK'S Sporting Goods is a leading omnichannel retailer serving athletes and outdoor enthusiasts through various store formats, online platforms, and mobile apps. Founded in 1948 and headquartered in Pittsburgh, the company operates over 850 stores across multiple brands. DICK'S is committed to supporting youth sports and has donated millions through its Sports Matter program and other community initiatives.
DICK'S Sporting Goods (NYSE: DKS) has announced an exclusive partnership with Team USA and LA28, becoming the Official Sporting Goods Retail Provider for the upcoming Olympic and Paralympic Games. The partnership extends through Paris 2024, Milano Cortina 2026, and LA28. As part of this collaboration, DICK'S will:
1. Provide travel and training apparel for 11 Team USA national governing bodies
2. Sell exclusive LA28-branded gear
3. Launch a new marketing campaign titled 'Big Moments' celebrating everyday sports achievements
4. Feature in NBCUniversal's coverage of the Olympic and Paralympic Games
This partnership aims to bring customers closer to the Olympic experience through in-store support, original storytelling, and social content featuring athletes and the Team USA brand.
DICK'S Sporting Goods has launched its first-ever Summer of Sport challenge, engaging over 2,100 employees in a company-wide fitness initiative. Participants aim to log at least 1,948 minutes of sports or fitness activities between Memorial Day and Labor Day, commemorating the year the company was founded. In just five weeks, nearly 1.7 million minutes were logged, with a third of participants already reaching the goal. The challenge encourages diverse activities, from swimming and hockey to running clubs and attending sporting events. It has fostered team building, family involvement, and community engagement. The initiative's success has prompted plans for its return in 2025.
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