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 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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DICK'S Sporting Goods (NYSE: DKS) is expanding with the grand opening of its second DICK'S House of Sport in Knoxville, TN on June 4, 2021. This initiative includes one relocated store, two redesigned Golf Galaxy locations, three Warehouse Sale locations, and in-store soccer shops, creating approximately 450 jobs. The new House of Sport offers a range of interactive features, including a 24,000 sq. ft. outdoor turf field and technology-driven services. Following these openings, DICK'S will operate 731 stores nationwide.
DICK'S Sporting Goods reported Q1 2021 net sales of $2.92 billion, reflecting a 119% increase over Q1 2020 due to a 115% rise in same-store sales and 14% growth in eCommerce. Net income surged to $361.8 million or $3.41 per share, a turnaround from a $143.4 million loss in Q1 2020. The company ended Q1 2021 with $1.86 billion in cash and no debt, and authorized a dividend of $0.3625 per share. For 2021, DICK'S raised its outlook, anticipating $10.51 billion in sales, up 22% compared to 2019.
DICK'S Sporting Goods (NYSE: DKS) will open four new locations nationwide, including a new off-price store concept 'Going, Going, Gone!' in May 2021. This expansion will create approximately 110 jobs and enhance the retailer's offerings with new experiential 'Soccer Shops' and redesigned Golf Galaxy locations featuring advanced technologies. The grand openings include a DICK'S Sporting Goods location in Northridge, CA, and two Going, Going, Gone! locations in Avon, IN, and Monroeville, PA, among others. The company aims to provide deep discounts and unique finds in sports apparel and footwear.
DICK'S Sporting Goods (NYSE: DKS) will announce its Q1 fiscal 2021 results on May 26, prior to market open. A conference call to discuss the results is scheduled for 10:00 a.m. Eastern Time on the same day, accessible via the Investor Relations website. Founded in 1948, the company operates 730 locations in the U.S., focusing on high-quality sports equipment and apparel. DICK'S also manages Golf Galaxy and Field & Stream stores, and provides a robust eCommerce platform.
DICK'S Sporting Goods (NYSE: DKS) announced a partnership with Stephen 'tWitch' and Allison Boss on International Dance Day, enhancing its family athleisure brand, DSG. To launch the collaboration, they choreographed a TikTok dance challenge to Young MC's 'Bust A Move.' DSG is committed to inclusivity and social responsibility, donating 1% of each purchase to the Sports Matter program, which supports youth sports. DSG offers a range of apparel and equipment for all family members, priced between $15 and $40.
DICK'S Sporting Goods (NYSE: DKS) has unveiled its VRST men's apparel line, announcing a partnership with two-time national champion and Heisman Trophy winner DeVonta Smith. The collaboration will showcase Smith in VRST's marketing and merchandising efforts, emphasizing a blend of style, quality, and comfort. VRST offers a diverse range of activewear priced between $30 and $120. Following successful vertical brands like DSG and CALIA, VRST aims to cater to the modern active male. The apparel line is available both in-store and online.
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