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.
The DICK'S Sporting Goods Foundation's Q2 2024 giving report highlights their commitment to youth sports participation. Key initiatives include:
- Over $1 million in Sports Matter Grants for teammate-nominated youth sports organizations
- Renewed partnerships with LISC and Project Play
- A $100,000 grant to Harlem Lacrosse
- A $60,000 combined grant with On to Special Olympics Pennsylvania
- Support for McKeesport Area School District's summer camp program
The Foundation's efforts aim to inspire and enable youth sports participation, focusing on under-resourced communities and expanding access to play.
DICK'S Sporting Goods (NYSE: DKS) has announced its participation in the Goldman Sachs 31st Annual Global Retailing Conference on September 5th, 2024, at 10:20 a.m. Eastern Time. The event, featuring a fireside chat with DKS management, will be webcast live and available for replay on the company's Investor Relations website.
DICK'S Sporting Goods, founded in 1948, is a leading omnichannel retailer serving athletes and outdoor enthusiasts through over 850 stores across various brands, including DICK'S Sporting Goods, Golf Galaxy, and Public Lands. The company also operates the GameChanger mobile platform for youth sports. DICK'S is committed to supporting youth sports through its Sports Matter program and other community initiatives.
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.
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