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. (DKS) maintains this centralized news hub for tracking official corporate developments across its retail operations. Investors and industry observers will find verified updates including quarterly earnings disclosures, strategic partnerships, product line expansions, and community initiatives.
The resource aggregates press releases and market-moving announcements from Dick's multi-channel retail network, which spans specialty concepts like Golf Galaxy and House of Sport alongside its core sporting goods business. Content focuses on operational developments rather than financial analysis, serving as a foundation for independent research.
Key update categories include leadership changes, store format innovations, e-commerce enhancements, and youth sports sponsorships. All materials maintain timestamped accuracy while avoiding forward-looking statements, aligning with regulatory standards for corporate communications.
Bookmark this page to monitor how Dick's Sporting Goods continues adapting its omnichannel strategy to evolving consumer preferences in athletic apparel and equipment retail. For historical context, cross-reference announcements with the company's SEC filings and annual reports.
DICK'S Sporting Goods (NYSE:DKS) has announced plans to construct an 800,000-square-foot regional distribution center in Fort Worth, Texas. The facility, expected to open in early 2026, will create 300 new full-time jobs over the next decade. This next-generation center will be DICK'S sixth distribution facility, supporting over 100 stores across several states. The company chose Fort Worth for its business-friendly environment, qualified workforce, and proximity to DICK'S expanding footprint in Texas.
The center will be located on an 89.5-acre site within the Risinger/35 Logistics Park. DICK'S is partnering with Hillwood for development and construction. The facility will incorporate sustainability initiatives, including high-efficiency lighting and HVAC, recycled materials, and recycling programs. Construction is set to begin this fall, creating over 800 temporary construction jobs.
DICK'S Sporting Goods (NYSE: DKS) has announced plans to construct an 800,000-square-foot regional distribution center in Fort Worth, Texas. This next-generation facility, set to open in early 2026, will be the company's sixth distribution center and is expected to create 300 new full-time jobs over the next 10 years. The center will support DICK'S business in Texas and provide distribution capabilities to more than 100 stores across several states.
The facility will be located on an 89.5-acre site within the Risinger/35 Logistics Park, developed by Hillwood. DICK'S plans to implement sustainability initiatives in the new center, including high-efficiency lighting and HVAC, recycled construction materials, and recycling programs. Construction is scheduled to begin in early fall, with the building phase expected to produce over 800 temporary construction jobs.
GameChanger, a DICK'S Sporting Goods company, has launched the Stay & Play Champions program to address declining youth sports participation. The program features five teen athletes who will organize events and advise GameChanger on promoting play persistence in their communities. Each Champion, nominated by a non-profit, will focus on reducing barriers for underrepresented athletes and encouraging kids to stick with sports.
The 2024 Champions include:
- Kingston Baez (17, FL) - Empowering community through sports
- Kingston Davenport (17, IA) - Active in Meskwaki Nation
- Johnathan Oaks (18, PA) - Promoting inclusion in Special Olympics
- Sydney Mednik (15, MD) - Co-founder of Pass with Purpose
- Maegha Ramanathan (16, CA) - Founder of Girls4Sports
The initiative aims to combat the trend of children quitting sports by age 11, as reported by the Aspen Institute.
DICK'S Sporting Goods (NYSE: DKS) has scheduled its second quarter fiscal 2024 results announcement for September 4th, 2024, before the market opens. A conference call to discuss the results will be held at 8:00 a.m. Eastern Time on the same day. The call will be webcast and accessible via the company's Investor Relations website. DICK'S Sporting Goods is a leading omnichannel retailer serving athletes and outdoor enthusiasts through various store formats, online platforms, and mobile apps. Founded in 1948 and headquartered in Pittsburgh, the company operates over 850 stores across multiple brands. DICK'S is committed to supporting youth sports and has donated millions through its Sports Matter program and other community initiatives.
DICK'S Sporting Goods (NYSE: DKS) has announced an exclusive partnership with Team USA and LA28, becoming the Official Sporting Goods Retail Provider for the upcoming Olympic and Paralympic Games. The partnership extends through Paris 2024, Milano Cortina 2026, and LA28. As part of this collaboration, DICK'S will:
1. Provide travel and training apparel for 11 Team USA national governing bodies
2. Sell exclusive LA28-branded gear
3. Launch a new marketing campaign titled 'Big Moments' celebrating everyday sports achievements
4. Feature in NBCUniversal's coverage of the Olympic and Paralympic Games
This partnership aims to bring customers closer to the Olympic experience through in-store support, original storytelling, and social content featuring athletes and the Team USA brand.
DICK'S Sporting Goods has launched its first-ever Summer of Sport challenge, engaging over 2,100 employees in a company-wide fitness initiative. Participants aim to log at least 1,948 minutes of sports or fitness activities between Memorial Day and Labor Day, commemorating the year the company was founded. In just five weeks, nearly 1.7 million minutes were logged, with a third of participants already reaching the goal. The challenge encourages diverse activities, from swimming and hockey to running clubs and attending sporting events. It has fostered team building, family involvement, and community engagement. The initiative's success has prompted plans for its return in 2025.
DICK'S Sporting Goods Foundation celebrates a decade-long partnership with Harlem Lacrosse. Dyjae Pearson and Jordany Baltazar, once beneficiaries, now successful adults, return to honor the program. They, along with coach Joel Censer, highlight the transformative impact of Harlem Lacrosse. Pearson, now a Division 1 athlete and master's degree holder, credits his success to the program. To mark the anniversary, they presented a $100,000 Sports Matter grant and new gear to Harlem Lacrosse. The program, which has grown from 3 to 65 employees and serves 1,300 students in five major cities, aims to provide opportunities and guidance to youth.
DICK'S Sporting Goods (NYSE: DKS) reported strong first-quarter results for 2024, with net sales of $3.02 billion, a 6.2% increase year-over-year. Comparable sales grew by 5.3%, driven by higher transactions and average ticket size. Earnings per diluted share stood at $3.30, with a notable EBT margin of 11.3%. Despite a 10% decrease in net income to $275 million, the company raised its full-year guidance for 2024. Expected comparable sales growth was adjusted to 2.0%-3.0%, up from 1.0%-2.0%, and EPS guidance was increased to $13.35-$13.75. Key highlights include robust sales, increased market share, and a solid product pipeline, particularly from brand partners like Nike. However, challenges such as a higher effective tax rate and increased capital expenditures were noted.
The DICK'S Sporting Goods Foundation released its first quarterly giving report for 2024, celebrating the 10-year anniversary of the Sports Matter Program. Over the past decade, the Foundation has committed over $100 million to support more than two million youth athletes. In Q1 2024, the Foundation announced a new $2 million grant initiative, surprising 20 organizations in Boston and Pittsburgh with $10,000 each during the House of Sport grand openings. Furthermore, DICK'S partnered with Hollywood stars to donate $300,000 in grants to various youth sports programs. Notable contributions included $100,000 to Beat the Streets Cleveland and a $25,000 grant to the Pennsylvania Interscholastic Hockey League during the Pittsburgh Penguins Sports Matter night. Overall, the Foundation raised over $30,000 for the Sports Matter Program in Q1 2024.
On May 14, 2024, DICK'S Sporting Goods shared the inspiring journey of Ruperto Rojas, a former Minor League Baseball player who transitioned to a successful career at DICK'S. Drafted by the Milwaukee Brewers in 2017, Rojas began working part-time at DICK'S in Lakewood, Colorado, during the offseason. Mentored by Store Manager John Varner, Rojas climbed the ranks to become a store manager and, eventually, the community and experience director at DICK'S House of Sport in Katy, Texas, by April 2023. In his new role, Rojas combines his passion for sports and community engagement, overseeing events and developing partnerships. He credits his success to the support and mentorship received at DICK'S, emphasizing the company's team spirit and commitment to helping athletes achieve their dreams.
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