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

DICK'S Sporting Goods highlights the inspiring journey of Laurie "Lulu" Searles, a guide at their Public Lands store, who completed the Rabid Raccoon 100 ultra-marathon. Despite facing challenges like a significant health issue and harsh weather conditions, Lulu's determination led her to finish the race in 37 hours and 49 minutes. This achievement emphasizes the brand's commitment to outdoor sports and resilience in the face of adversity. Lulu is also set to participate in the DICK'S Sporting Goods Pittsburgh Half-Marathon on May 7.

DICK'S Sporting Goods (NYSE: DKS) has launched its largest brand campaign, "Sports Change Lives," to celebrate its 75th anniversary. This initiative includes a 90-second anthem, a new partnership with the NCAA, and a multimillion-dollar grant program aimed at supporting youth sports. Key elements of the campaign include the "75for75 Sports Matter Grant Program," which will allocate $5.6 million to youth sports programs, and partnerships with Good Sports and the Local Initiatives Support Corporation to provide equipment and improve facilities in underserved areas. DICK'S aims to impact communities by emphasizing the transformative power of sports.

DICK'S Sporting Goods (NYSE: DKS) has entered a major partnership with the NCAA, becoming the Official Sporting Goods Retail Partner for all 90 NCAA Men's and Women's Championships. This partnership will enhance fan experiences and media rights starting with the 2023 March Madness tournaments. DICK'S will leverage exclusive media investments, including courtside signage and custom content, while also securing exclusive access to NCAA licensed merchandise. The partnership is designed to support student-athletes and engage millions of fans, marking a strategic move for DICK'S in the sports retail sector.

DICK'S Sporting Goods (NYSE:DKS) has partnered with Just Women's Sports for the second annual Women's College Basketball Bracket Challenge, featuring six WNBA stars. The competition offers a grand prize of $150,000, with additional $250 DICK'S gift cards for second and third places. Registration is open now, with bracket submissions closing on March 17. The initiative aims to attract more fans to women's basketball and promote greater engagement in the sport. The previous challenge saw increased interest and participation, reflecting a growing enthusiasm for women's college basketball.

DICK'S Sporting Goods reported a 5.3% growth in fourth-quarter comparable store sales, reaching $3.6 billion in net sales, a 7.3% increase from the previous year. The company achieved record-setting net sales of $12.37 billion for 2022, up 0.6% year-over-year. Earnings per diluted share for 2022 stood at $10.78, down 22% compared to 2021. DICK'S declared a quarterly dividend of $1.00 per share, a substantial 105% increase. The 2023 outlook predicts earnings per share in the range of $12.90 to $13.80 and comparable store sales growth of flat to 2%.

DICK'S Sporting Goods (NYSE: DKS) has partnered with Just Women's Sports to launch the second annual women's college basketball Bracket Challenge, featuring a grand prize of $150,000. Prominent athletes including Elena Delle Donne and Breanna Stewart will promote the event. Fans can register starting today and submit their brackets by March 17. Additional prizes include $250 DICK'S gift cards for second and third place winners. This initiative aims to engage fans and celebrate women's basketball, reflecting increasing interest in the women's tournament.

DICK'S Sporting Goods (NYSE: DKS) will present at the BofA Securities Consumer and Retail Conference on March 14, 2023, at 8:50 a.m. Eastern Time in Miami Beach. The presentation will be available via live webcast and archived on the company's Investor Relations website at investors.dicks.com.

Founded in 1948 and headquartered in Pittsburgh, DICK'S is a leading omnichannel retailer with over 850 stores providing sporting goods and outdoor products. The company actively supports youth sports through its foundation, contributing millions to assist under-resourced teams and athletes.

DICK'S Sporting Goods (NYSE: DKS) announced its acquisition of leading outdoor retailer Moosejaw from Walmart, aiming to enhance its outdoor portfolio, which includes the Public Lands brand. Moosejaw, founded in 1992, boasts a robust e-commerce platform and a loyal customer base, while also operating physical stores in several states. The acquisition is expected to close in March 2023, with Moosejaw CEO Eoin Comerford reporting to DICK'S President Todd Spaletto post-acquisition. DICK'S views this strategic move as a significant opportunity to capitalize on the growing multibillion-dollar outdoor market.

DICK'S Sporting Goods (NYSE: DKS) expands its partnership with SidelineSwap to host 200 trade-in events across 19 states in the first half of 2023. Building on the success of 60 events in 2022, the initiative allows athletes to trade in used sports gear for gift cards, with options to donate a portion to local sports organizations. Participants averaged $88 in value at previous events. The trade-in events aim to support the growing resale market, where U.S. households have $580 billion in unused items, including $20 billion in sports gear. For event details, visit dickssportinggoods.com.