$DKS (-0.74%)

🔹 Revenue: $3.65B (Est. $3.61B) 🟢; UP +5.0% YoY

🔹 Non-GAAP EPS: $4.38 (Est. $4.30) 🟢; flat YoY

🔹 Comparable Sales: +5.0% YoY (growth in both ticket & transactions)

Guidance:

🔹 FY25 EPS: $13.90–$14.50 (Est. $14.37) 🟡; raised from $13.80–$14.40

🔹 FY25 Net Sales: $13.75B–$13.95B

🔹 FY25 Comps: +2.0%–3.5% (raised from +1.0%–3.0%)

🔹 FY25 CapEx: ~$1.2B gross / ~$1.0B net

Capital & Shareholder Returns:

🔹 Share Repurchases: $299M YTD (1.4M shares, avg $218.65/sh)

🔹 Dividend: $1.2125/sh (2.7% yield), payable Sep 26, 2025

🔹 Inventories: $3.40B; UP +7% YoY

🔹 Cash: $1.23B; DOWN -27% YoY

🔹 Total Debt: $1.49B (flat YoY)

Strategic & Store Update:

🔹 Net Income: $381M; UP +5% YoY

🔹 Non-GAAP Net Income: $355M; DOWN -2% YoY

🔹 Gross Margin: Expanded YoY (helped EPS beat)

🔹 Opened 1 new House of Sport and 4 new Field House in Q2 (11 new stores YTD)

🔹 Store base: 889 locations, 45.1M sq. ft.

🔹 Continuing remodels & conversions to House of Sport / Field House formats

M&A Update:

🔹 Foot Locker acquisition ($2.4B equity value / $2.5B EV) expected to close Sep 8, 2025

🔹 Consideration: $24 cash OR 0.1168 DKS shares per FL share

CEO / Chairman Commentary:

🔸 “With Q2 comps at 5%, momentum continues to build—reflecting the strength of our strategies and investments.” — Exec. Chairman Ed Stack

🔸 “We are very pleased with strong Q2 results. Comps rose on higher ticket & transactions, and gross margin expanded. We’re raising our FY outlook with confidence in our strategic pillars.” — CEO Lauren Hobart

$DKS (-0.74%)

🔹 Adj. EPS: $3.62 (Est. $3.48) 🟢

🔹 Revenue: $3.89B (Est. $3.76B) 🟢

🔹 Comparable Sales: +6.4% YoY

🔹 Gross Margin: 10.2% (Flat YoY)

FY25 Guidance

🔹 Revenue: $13.6B - $13.9B (Est. $13.32B) 🟢

🔹 Comparable Sales: +1% to +3%

🔹 EPS: $13.80 - $14.40 (Est. $13.93) 🟢

🔹 CapEx: $1.2B Gross / $1.0B Net

Strategic Priorities & Growth Areas

🔹 Repositioning Real Estate & Expanding Store Portfolio

🔹 Strong Growth in Footwear Segment

🔹 Accelerating eCommerce & Digital Sales

🔹 Multi-Year $3B Share Buyback Program Approved

Operational Performance

🔹 Q4 Was the Largest Sales Quarter in Company History

🔹 Opened 7 House of Sport & 15 Field House Locations in 2024

🔹 Plans to Open 16 House of Sport & 18 Field House Locations in 2025

🔹 Board Approved a 10% Increase in Quarterly Dividend

Management Commentary

🔸 CEO Lauren Hobart: "We expect to drive continued comp growth, expand square footage, and improve gross margin, setting us up for sustained profitability and market share gains."

🔸 Executive Chairman Ed Stack: "The strength of sports culture in the U.S. presents a significant opportunity, and we are uniquely positioned to capitalize on this momentum."

$DKS (-0.74%) | Dick's Sporting Goods Q3 Earnings Highlights:

🔹 EPS: $2.75 (Est. $2.68) 🟢; UP +15% YoY

🔹 Revenue: $3.06B (Est. $3.03B) 🟢; UP +0.5% YoY

🔹 Comparable Sales: +4.2% (Est. +2.7%) 🟢

🔹 Gross Margin: 35.8% (Est. 35.2%) 🟢; UP +60 bps YoY

🔹 Pre-Tax Margin: 9.7% (Est. 9.6%) 🟢; UP +89 bps YoY

FY24 Guidance:

🔹 EPS: $13.65-$13.95 (Prev. $13.55-$13.90) 🟡

🔹 Revenue: $13.2B-$13.3B (Est. $13.28B) 🟡

🔹 Comparable Sales: +3.6% to +4.2% (Prev. +2.5% to +3.5%) 🟢

Strategic Highlights:

🔸 Back-to-School Season: Strong performance, driving sales growth and market share gains.

🔸 House of Sport & DICK’S Field House: Continued investment to redefine sports retail, enhancing athlete engagement and supporting long-term growth.

🔸 Omni-Channel Experience: Leveraging strong product assortment and service quality for the holiday season.

Shareholder Returns:

🔹 Share Repurchases: $170M YTD

🔹 Dividends Paid: $273M YTD

🔹 Dividend Yield: 2.7%

CEO Lauren Hobart's Commentary:

🔸 "We are proud of our Q3 results, which reflect strong execution across our strategic pillars. The back-to-school season was excellent, and our updated outlook underscores confidence in our continued momentum."