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) announced the grand opening of one full-service store and four Warehouse Sale stores across various states in February. These openings will generate approximately 85 new jobs. The new store will feature exclusive vertical brands and popular national vendors. Warehouse Sale locations will offer significant discounts, with items up to 70% off. Following this expansion, DICK'S will operate 728 stores nationwide. The openings will include a ribbon cutting ceremony and customer giveaways.
DICK'S Sporting Goods, Inc. (NYSE: DKS) will announce its fourth quarter results for fiscal 2020 on March 9, 2021, before the market opens. A conference call discussing these results will take place at 10:00 a.m. Eastern Time the same day, with a live webcast available on the company's Investor Relations website. As of January 30, 2021, the company operated 728 locations across the U.S., offering a range of sporting goods and services. For more details, visit dicks.com.
DICK'S Sporting Goods (NYSE: DKS) will close all retail locations and distribution centers on Thanksgiving Day, November 25, 2021, following a similar closure in 2020. This decision aims to allow employees to spend time with their families during the holiday. The company will reopen on Black Friday, November 26, offering various shopping options including in-store and curbside pickup. DICK'S operates 728 locations across the U.S. and emphasizes customer service and technology in its operations.
DICK'S Sporting Goods (NYSE: DKS) is expanding its support for female athletes in 2021, coinciding with National Girls & Women in Sports Day on February 3. The company is donating 100,000 DSG Brand sports bras to under-resourced female athletes through a partnership with Good Sports. Initiatives include forming a Girls' Power Panel for ages 13-17, a social challenge #StrongerWithSports, and launching the Brooks Running 'Empower Her' collection with a donation goal of $500,000 to support Girls Running Programs. These efforts build on past initiatives aimed at promoting female participation in sports.
Instacart has partnered with DICK'S Sporting Goods (NYSE: DKS) to offer same-day delivery from over 150 locations in various U.S. states. Customers in areas like Connecticut, Delaware, and Virginia can access thousands of sporting goods products for delivery within an hour. This collaboration aims to meet increased demand for outdoor activities and enhance customer convenience during the busy holiday season. DICK'S operates 732 locations nationwide, providing an extensive range of sports equipment and apparel, while Instacart serves over 85% of U.S. households, ensuring broad accessibility.
DICK'S Sporting Goods and The DICK'S Sporting Goods Foundation are making a significant impact this Giving Tuesday by donating sports equipment to 10,000 kids in under-resourced communities across the U.S. The initiative features The Sports Matter Giving Truck, traveling to cities like New York, Pittsburgh, and Chicago from November 27 to December 21, 2020. This effort, supported by professional athletes, emphasizes the importance of sports participation for youth. Additionally, DICK'S has committed over $145 million since 2014 to support youth sports through various grants and donations.
DICK'S Sporting Goods, Inc. (NYSE: DKS) announced participation in the Morgan Stanley Virtual Global Consumer & Retail Conference on December 2, 2020, at 9:00 a.m. Eastern Time. The webcast will be available live and in replay on their Investor Relations website. As of October 31, 2020, the company operated 732 stores across the U.S., providing a wide range of sports equipment and apparel. DICK'S also owns Golf Galaxy and Field & Stream stores and offers a dynamic eCommerce platform integrated with its retail network.
DICK'S Sporting Goods, Inc. (NYSE: DKS) announces a leadership transition effective February 1, 2021. Edward W. Stack will step down as CEO to become Executive Chairman, overseeing strategic growth initiatives, while Lauren R. Hobart will take over as President and CEO. Stack has led the company since 1984, driving growth to nearly $9 billion in annual revenue and significant eCommerce expansion. Hobart, with over 25 years of experience, aims to continue this momentum. The company also highlighted its commitment to youth sports, contributing over $100 million since 2014.
DICK'S Sporting Goods (NYSE: DKS) reported strong third-quarter results for 2020, with net income of $177.2 million ($1.84 per diluted share), significantly up from $57.6 million ($0.66 per diluted share) in Q3 2019. Non-GAAP net income was $182.2 million ($2.01 per diluted share), boosted by a 22.9% increase in net sales to $2.41 billion. E-commerce sales soared by 95%, comprising approximately 21% of total sales. Despite ongoing COVID-19 expenses of around $48 million, the company maintained robust inventory levels and a strong cash position of nearly $1.1 billion, with no debt under its credit facility.
DICK'S Sporting Goods (NYSE: DKS) announced its first-ever "10 Days of Black Friday" starting November 18, 2020, enabling convenient holiday shopping through various promotions both in-store and online. To enhance safety, the company will distribute deals over ten days, recruit additional staff for order fulfillment, and implement improved technologies for customer service. Key discounts include up to $1,200 off select cardio equipment and 50% off table tennis tables. DICK'S aims to provide shoppers flexibility and a seamless experience this holiday season while ensuring safety measures are in place.
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