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.
Golf Galaxy has released its 2024 holiday gift guide featuring products from top brands and exclusive offerings. The guide includes product drops, golf services, and experiences packages. Notable Black Friday deals (Nov. 24-30) include up to $300 off select golf clubs, 40% off bags and shoes, and 60% off select golf apparel. The company offers various shopping conveniences including free shipping for ScoreCard members, one-hour pickup, and a Best Price Guarantee. Store locations will be closed on Thanksgiving but will open on Black Friday from 7:00 a.m. to 8:00 p.m.
DICK'S Sporting Goods (NYSE: DKS) has released its 2024 holiday gift guide featuring major brands and exclusive offerings. The company announced Black Friday deals running from November 24-30, including up to 30% off select Nike clothing and significant discounts on various sporting equipment. Stores will be closed on Thanksgiving but open on Black Friday from 6:00 a.m. to 10:00 p.m. The retailer offers multiple shopping options including free shipping for ScoreCard members, one-hour pickup, ship to home, and same-day delivery through Instacart and DoorDash. DICK'S Best Price Guarantee ensures competitive pricing, matching lower prices from other retailers.
DICK'S Sporting Goods (NYSE: DKS) launches a holiday ad campaign featuring NFL legend J.J. Watt and his family. The campaign, titled 'A Watt Holiday Classic', shows J.J. being accidentally left behind in a DICK'S store, paying homage to classic holiday movies like 'Home Alone' and 'Elf'. The advertisement will run across broadcast, digital, social, and streaming services, promoting DICK'S 24/7 online shopping availability at DICK'S.com. The campaign was created by DICK'S internal creative team and produced by Hungry Man Productions.
DICK'S Sporting Goods (NYSE: DKS) has scheduled its third quarter fiscal 2024 earnings announcement for November 26th, before market opening. A conference call will follow at 8:00 a.m. Eastern Time, which will be webcast on the company's investor relations website. The call recording will be archived online for approximately twelve months. DICK'S operates more than 850 stores across various brands including DICK'S Sporting Goods, Golf Galaxy, Public Lands, and Going Going Gone!, serving athletes and outdoor enthusiasts through both physical locations and digital platforms.
GameChanger, part of DICK'S Sporting Goods, has launched Film Room, an AI-powered video analysis tool for youth basketball and volleyball. This feature, available on iOS and Android, automatically condenses game footage into coachable moments, allowing coaches to mark, annotate, and share key plays with athletes and families at no cost.
To promote Film Room, GameChanger has partnered with Lisa Bluder, former head coach of The University of Iowa Women's Basketball Team, and Steve Pikiell, head coach of Rutgers University Men's Basketball. The company has also introduced a new written series on GC.com, focusing on the technical aspects of their AI and computer vision work.
Film Room builds on the success of AutoStream, an AI feature that automatically follows court action. AutoStream powered nearly 25% of all GameChanger basketball streams last winter.
DICK'S Sporting Goods (NYSE:DKS) and the University of Tennessee athletics have extended their partnership in a multi-year deal. The partnership, which began in Fall 2021, will continue with DICK'S remaining a Proud Partner of the Tennessee Volunteers. Key aspects of the partnership include:
- Presenting Partner of Youth Sports Day and the annual Tennessee Football's Spring Coaches Clinic
- Presence at Volunteer Village during select games and hosting on-site activations
- Hosting events, camps, and clinics with university coaches and athletes at DICK'S House of Sport in Knoxville
- Presenting Sponsor of football and baseball uniform reveals
- Displaying football uniforms at DICK'S House of Sport Knoxville
The partnership aims to engage with the local community and support the Vols fanbase. The contract extension was secured by The Vol Network and Learfield team.
DICK'S Sporting Goods revisits MLK High School in Philadelphia 10 years after the release of their documentary "We Could Be King." The film chronicled the merger of Germantown and Martin Luther King High Schools' football teams due to a budget crisis in 2013. Ed Dunn, a former math teacher and assistant coach, volunteered to lead the merged team to a championship victory.
A decade later, The DICK'S Sporting Goods Foundation returned to MLK High School to meet with Dunn and current head coach Malik Jones. Both coaches emphasize the importance of football in keeping kids off the streets and teaching valuable life lessons. The Foundation surprised the team with new gear from Nike and Hyperice, as well as a $100,000 Sports Matter Grant to celebrate the 10th anniversary of the Sports Matter Program.
DICK'S Sporting Goods (NYSE:DKS) has announced plans to hire nearly 8,000 seasonal teammates for the 2024 holiday season. The company will kick off its holiday recruiting efforts with its seventh-annual 'National Signing Day' on October 8, seeking applicants for positions across its various store brands. Seasonal teammates will enjoy competitive pay, optional DailyPay, and an associate discount of up to 25-40% off.
DICK'S will close all stores and distribution centers on Thanksgiving Day, November 28, 2024, allowing employees to spend time with their families. The company has noted a decrease in seasonal hiring volume due to steadily declining store teammate turnover since 2021. DICK'S has been recognized for its workplace culture, including being named on FORTUNE's Best Place to Work in Retail for the fourth consecutive year.
Synchrony (NYSE: SYF) and DICK'S Sporting Goods (NYSE: DKS) have announced a multi-year extension of their strategic partnership. This extension aims to enhance athlete services and experiences through the DICK'S Sporting Goods ScoreRewards Credit Card program. The partnership will focus on:
- Driving athlete loyalty
- Enhanced technology capabilities
- Expanded data and analytics
- Superior in-store athlete experience
The ScoreRewards Credit Card Program will continue to offer benefits such as earning rewards 2X faster, exclusive member-only offers, and digital account management. These cards can be used online and across DICK'S Sporting Goods' 800+ retail locations, including House of Sport, Golf Galaxy, and Public Lands.
DICK'S Sporting Goods (NYSE: DKS) reported strong Q2 2024 results, raising its full-year outlook. Key highlights include:
- Net sales of $3.47 billion, up 7.8% year-over-year
- Comparable sales growth of 4.5%
- Earnings per diluted share of $4.37, up 55% from prior year
- Income before income taxes of $482 million, a 13.9% margin
The company raised its full-year 2024 guidance:
- Comparable sales growth: 2.5% to 3.5% (up from 2.0% to 3.0%)
- Earnings per diluted share: $13.55 to $13.90 (up from $13.35 to $13.75)
- Net sales: $13.1 billion to $13.2 billion
DICK'S attributes its success to its omni-channel strategy, differentiated product assortment, and strong execution. The company continues to expand its store network, including its House of Sport concept.
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