Record Sales and Strategic …

• Full Year Revenue: $13.4 billion, a record for the company.

• Full Year Comparable Sales: Increased by 5.2%.

• Full Year Earnings Per Share (EPS): $14.05, up from last year’s non-GAAP EPS of $12.91.

• Fourth Quarter Revenue: $3.89 billion, the largest sales quarter in company history.

• Fourth Quarter Comparable Sales: Increased by 6.4%.

• Fourth Quarter Earnings Per Share (EPS): $3.62, compared to last year’s non-GAAP EPS of $3.85.

• Gross Margin Expansion: Increased by approximately 39 basis points in Q4.

• EBT Margin: 11.3% for the full year and 10.2% for Q4.

• Cash and Cash Equivalents: Approximately $1.7 billion at year-end.

• Inventory Levels: Increased by 18% compared to last year.

• House of Sport Locations: Ended 2024 with 19 locations, planning to add approximately 16 more in 2025.

• Field House Locations: Ended 2024 with 26 locations, planning to add approximately 18 more in 2025.

• Golf Galaxy Performance Center: Planning to open approximately 14 new locations in 2025.

• Dividend Increase: 10% increase to an annualized payout of $4.85 per share.

• Share Repurchase Program: New five-year program of up to $3 billion announced.

Release Date: March 11, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

• Dick’s Sporting Goods Inc (NYSE:DKS) reported record sales of $13.4 billion for the full year 2024, with a 5.2% increase in comparable sales.

• The company achieved a double-digit EBT margin above 11% and EPS of $14.05, both well ahead of the previous year.

• The fourth quarter saw a 6.4% increase in comparable sales, driven by growth in average ticket and transactions.

• DKS continues to gain market share, now commanding just under 9% of the $140 billion U.S. sports retail industry.

• The company is making significant investments in digital and in-store opportunities, focusing on growth areas such as real estate repositioning, footwear, and e-commerce.

• The guidance for 2025 reflects caution due to uncertainties in the geopolitical and macroeconomic environment.

• SG&A expenses for the fourth quarter increased by 4.8%, leading to a deleverage of 101 basis points compared to the previous year.

• Preopening expenses increased, driven by the timing of new store openings, which could impact short-term profitability.

• The company’s inventory levels increased by 18% year-over-year, which could pose a risk if consumer demand does not meet expectations.

• There is ongoing uncertainty regarding tariffs, which could affect pricing and supply chain dynamics.