Dicks Sporting Goods (DKS) Stock News

DICK'S Sporting Goods and Affirm have extended their partnership that began in 2020, enhancing the checkout experience on DICKS.com and GolfGalaxy.com. Eligible shoppers can now directly select Affirm's flexible payment plans at checkout, offering biweekly or monthly payments for up to 36 months with APR as low as 0%. The integration allows customers to split purchases of sports equipment, apparel, footwear, and outdoor essentials with no late or hidden fees after a quick eligibility check. This partnership expansion comes just in time for the summer shopping season, providing DICK'S customers with more payment flexibility and convenience. Affirm currently partners with nearly 360,000 retail partners.

Uber Technologies and DICK'S Sporting Goods announced a strategic partnership to offer on-demand delivery of sporting goods through the Uber Eats platform. Over 800 DICK'S Sporting Goods and Golf Galaxy locations across the US will be available on Uber Eats, allowing customers to order athletic apparel, equipment, and gear for delivery. The partnership includes a launch promotion offering up to 30% off select items, with Uber One members receiving free delivery on eligible orders. This expansion marks Uber's continued growth beyond food delivery into retail, while DICK'S enhances its omnichannel strategy by providing faster, more convenient shopping options to customers. The service is accessible through the Uber Eats app's Retail category, where customers can browse and order from their local DICK'S or Golf Galaxy locations.

DICK'S Sporting Goods (NYSE: DKS) has been named the Official Sporting Goods Retail Partner of Fanatics Fest NYC 2025, taking place June 20-22 at the Javits Center. The company will serve as the Presenting Partner of the Fanatics Fest Kids Zone and participate in Fanatics Games. The partnership includes several fan experiences, such as displaying the one-of-one Paul Skenes Topps MLB Debut Patch card, HitTrax batting cages, golf simulators with TrackMan technology, and appearances by brand ambassador IShowSpeed. The Kids Zone will feature open play activities, combine-style training, and professional athlete meet-and-greets in collaboration with Nike, GameChanger, and RCX Sports. The 2025 event will be larger than its predecessor, featuring expanded programming, superstores, autograph zones, exclusive collaborations, and a larger trading card exhibit.

DICK'S Sporting Goods (NYSE: DKS) has launched an exchange offer for Foot Locker's 4.000% Senior Notes due 2029, in connection with its planned acquisition of Foot Locker. The exchange offer allows eligible holders to swap their Foot Locker Notes for new DICK'S Notes and a consent payment. For each $1,000 of Foot Locker Notes, holders can receive up to $1,000 in DICK'S Notes and a consent payment ranging from $2.50 to $5.00. The exchange includes $970 in base consideration plus a $30 early participation premium for those who tender by June 20, 2025. The offer expires on August 1, 2025, and is contingent upon receiving tenders of at least 50% of Foot Locker Notes and the completion of DICK'S acquisition of Foot Locker.

DICK'S Sporting Goods (NYSE: DKS) reported strong Q1 2025 results with record first quarter sales of $3.175 billion, up 5.2% year-over-year. The company achieved 4.5% comparable sales growth, marking its fifth consecutive quarter with comps over 4%. Key financial metrics include: • Non-GAAP earnings per share of $3.37 vs $3.30 in prior year • EBT margin of 11.0% and non-GAAP EBT margin of 11.4% • Quarterly dividend of $1.2125 per share declared The company announced plans to acquire Foot Locker for approximately $2.4 billion, offering shareholders either $24.00 in cash or 0.1168 DKS shares per Foot Locker share. DICK'S reaffirmed its 2025 outlook, expecting: • Comparable sales growth of 1.0% to 3.0% • Earnings per diluted share of $13.80 to $14.40 • Net sales of $13.6-13.9 billion

DICK'S Sporting Goods (NYSE: DKS) reported strong preliminary Q1 2025 results with comparable sales growth of 4.5% and earnings per diluted share of $3.24 (non-GAAP EPS of $3.37). In a major development, DKS announced a definitive merger agreement to acquire Foot Locker in a deal valued at approximately $2.4 billion in equity value and $2.5 billion in enterprise value. Under the agreement terms, Foot Locker shareholders can choose to receive either $24.00 in cash or 0.1168 shares of DICK'S common stock for each Foot Locker share. The transaction, subject to Foot Locker shareholder and regulatory approvals, is expected to close in the second half of 2025. This strategic acquisition aims to accelerate DKS's global reach and create value for athletes, teammates, partners, and shareholders.

DICK'S Sporting Goods (NYSE: DKS) has announced its acquisition of Foot Locker (NYSE: FL) in a deal valued at approximately $2.4 billion in equity value. Under the agreement, Foot Locker shareholders can choose to receive either $24.00 in cash or 0.1168 shares of DICK'S common stock for each Foot Locker share, representing a 66% premium to Foot Locker's 60-day volume weighted average price. The combined company will create a global platform in sports retail, with Foot Locker's 2,400 retail stores across 20 countries complementing DICK'S existing operations. DICK'S plans to operate Foot Locker as a standalone business unit and maintain its brands. The transaction is expected to be accretive to DICK'S EPS in the first full fiscal year post-close and deliver $100-125 million in cost synergies. The deal is anticipated to close in the second half of 2025, subject to regulatory approvals and Foot Locker shareholder approval.

DICK'S Sporting Goods (NYSE: DKS) has led a $120M investment round in Unrivaled Sports, securing a minority stake in the youth sports experiences company. The investment, made through DSG Ventures, includes participation from Dynasty Equity, LionTree, Miller Sports & Entertainment, and existing investor The Chernin Group. Unrivaled Sports operates across 30 states, serving over 600,000 young athletes and nearly 2 million family members. The company's portfolio includes Cooperstown All Star Village, Ripken Baseball Experiences, and Under the Lights Flag Football. The strategic partnership aims to expand access to youth sports, enhance facilities, and increase amenities across properties. Notable achievements include 30% growth in flag football participation and significant facility upgrades across multiple locations. The investment will support Unrivaled Sports' mission to create exceptional sports experiences while maintaining its commitment to serving underserved communities through scholarships and free programs.

DICK'S Sporting Goods (NYSE: DKS) has scheduled its first quarter fiscal 2025 earnings announcement for May 28th, 2025, before market opening. The company will host a conference call at 8:00 a.m. Eastern Time to discuss the results, which will be accessible via webcast on their investor relations website. The call recording will be archived online for approximately twelve months.

DICK'S operates over 850 retail locations across various brands including DICK'S Sporting Goods, Golf Galaxy, Public Lands, and Going Going Gone! stores. The company also maintains an online presence and mobile app, while operating specialty locations like DICK'S House of Sport and Golf Galaxy Performance Center. Founded in 1948, the Pittsburgh-based retailer serves athletes and outdoor enthusiasts through multiple channels.