Welcome to our dedicated page for Dicks Sporting Goods news (Ticker: DKS), a resource for investors and traders seeking the latest updates and insights on Dicks Sporting Goods stock.
DICK'S Sporting Goods, Inc. (NYSE: DKS) generates a steady flow of news that reflects its role in the sporting goods retail industry, its expansion through acquisitions and its focus on youth sports and sport-related culture. Founded in 1948 and headquartered in Pittsburgh, Pennsylvania, the company operates banners such as DICK'S Sporting Goods, Golf Galaxy, Public Lands and Going Going Gone!, and it owns the Foot Locker business, including the Foot Locker, Kids Foot Locker, Champs Sports, WSS and atmos banners.
News about DICK'S Sporting Goods frequently covers financial results and outlook, including quarterly earnings releases, comparable sales trends and updates to guidance for what it calls the DICK'S Business. These announcements may also discuss the performance of the Foot Locker Business following its acquisition and provide commentary on integration activities and asset reviews.
Investors and followers can also expect corporate and strategic updates, such as the completion of the Foot Locker acquisition, capital markets transactions, and leadership appointments. For example, the company has reported the appointment of a President of Foot Locker International to oversee international operations across Europe, Asia and Australia.
Another major category of news involves marketing campaigns, brand content and seasonal promotions. DICK'S Sporting Goods issues releases on holiday campaigns, gift guides, and Black Friday or other seasonal deals, often featuring well-known athletes and entertainers. Its in-house Cookie Jar & A Dream Studios produces sports-focused content like the unscripted series "Play It Forward: Game On," which also appears in company news.
Finally, DICK'S Sporting Goods regularly highlights community and philanthropic initiatives tied to The DICK'S Sporting Goods Foundation and the Sports Matter program, including matched donations and partnerships to build youth sports facilities. For ongoing coverage of these developments, this news page aggregates company press releases and related updates in one place.
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.
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.