DICK'S Sporting Goods, Inc. is a leading omni-channel retailer specializing in sporting goods, apparel, footwear, and accessories. The company serves athletes through its extensive network of stores, digital platforms, and specialty concepts, offering high-quality products for various sports and outdoor activities. With a focus on enhancing customer experiences, DICK'S Sporting Goods integrates experiential elements and innovative services into its operations.
- Hardlines - Offers a wide range of sporting goods equipment, including fitness gear, golf equipment, and fishing supplies, catering to diverse athletic and recreational needs.
- Apparel - Provides sportswear and activewear designed for performance and casual use, featuring both branded and private-label products.
- Footwear - Sells athletic and casual shoes for various sports and everyday wear, emphasizing comfort and performance.
- Other - Includes non-merchandise sales such as in-store services, shipping, and revenues from the GameChanger youth sports platform.
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- Given the disclosed plan to achieve $100–125 million in synergy savings from the Foot Locker acquisition, can you detail which specific operational improvements will drive this margin expansion, and what contingency plans are in place if these synergies fall short?
- With guidance indicating a comp sales growth of 1–3% despite a history of over 4% growth, how do you justify the conservative outlook amid strong momentum, and what measures will you take if competitive pressures or seasonal headwinds exacerbate this slowdown?
- While you’ve incorporated known tariffs into your guidance, can you clarify the timeline for when tariff-related cost increases will begin to impact the P&L, and what strategies are in place to mitigate further tariff uncertainties?
- Considering your current robust product and footwear allocations, particularly in delivering premium services, how does the Foot Locker acquisition add incremental value without risking cannibalization of your DICK’S brand strengths?
- With significant investments in GameChanger and initiatives to drive digital engagement, how will you convert the mix of free and subscription users into sustained revenue growth, and what metrics will you use to evaluate the success of your upselling efforts?
Research analysts who have asked questions during DICK'S SPORTING GOODS earnings calls.
Brian Nagel
Oppenheimer & Co. Inc.
5 questions for DKS
Also covers: ASO, AZO, BBY +17 more
Michael Lasser
UBS
5 questions for DKS
Also covers: AAP, ASO, AZO +23 more
Simeon Gutman
Morgan Stanley
5 questions for DKS
Also covers: AAP, ACI, ARHS +32 more
John Kernan
Cowen Inc.
4 questions for DKS
Also covers: , AS, ASO +12 more
Justin Kleber
Robert W. Baird & Co.
4 questions for DKS
Also covers: ASO, DRVN, FND +5 more
Robert Ohmes
Bank of America
4 questions for DKS
Also covers: ACI, ARHS, ASO +17 more
Adrienne Yih-Tennant
Barclays
3 questions for DKS
Also covers: AEO, BURL, CROX +12 more
Christopher Horvers
JPMorgan Chase & Co.
3 questions for DKS
Also covers: AAP, ASO, AZO +17 more
Joseph Feldman
Telsey Advisory Group
3 questions for DKS
Also covers: ACI, BBY, COOK +9 more
Michael Baker
D.A. Davidson & Co.
3 questions for DKS
Also covers: AAP, AMRK, AZO +17 more
Adrienne Yih
Barclays
2 questions for DKS
Also covers: ANF, CROX, DECK +12 more
Eric Cohen
Gordon Haskett Research Advisors
2 questions for DKS
Also covers: FL, OLLI
Katharine McShane
Goldman Sachs Group, Inc.
2 questions for DKS
Also covers: AAP, ASO, BBWI +16 more
Kelly Crago
Citigroup Inc.
2 questions for DKS
Also covers: ANF, BBWI, CRI +6 more
Paul Lejuez
Citigroup
2 questions for DKS
Also covers: , ACI, AEO +35 more
Frederick Gaertner
Wells Fargo
1 question for DKS
Also covers: SKX
Jolie Wasserman
Stifel
1 question for DKS
Also covers: ASO
Jonathan Matuszewski
Jefferies Financial Group Inc.
1 question for DKS
Also covers: ARHS, ASO, BBY +10 more
Joseph Civello
Truist Securities
1 question for DKS
Also covers: GCO, OXM
Kate McShane
Goldman Sachs
1 question for DKS
Also covers: ASO, AZO, BBWI +15 more
Steven Forbes
Guggenheim Securities, LLC
1 question for DKS
Also covers: AAP, ARHS, AZO +14 more
Warren Cheng
Evercore ISI
1 question for DKS
Also covers: JWN
Recent press releases and 8-K filings for DKS.
DICK'S Sporting Goods Completes Foot Locker Notes Exchange Offer
·$DKSM&A
Debt Issuance
- DICK'S Sporting Goods, Inc. completed an Exchange Offer on September 11, 2025, for Foot Locker, Inc.'s 4.000% Senior Notes due 2029, accepting $381,932,000 in aggregate principal amount.
- In connection with this, DICK'S issued $381,932,000 aggregate principal amount of new 4.000% Senior Notes due 2029 on the same date.
- The newly issued DICK'S Notes are unsecured, unsubordinated obligations with an interest rate of 4.000% per annum and a maturity date of October 1, 2029.
- This Exchange Offer was part of the process related to DICK'S acquisition of Foot Locker, Inc..
Sep 11, 2025, 8:49 PM
DICK'S Sporting Goods Reports Strong Q2 2026 Results and Raises Full-Year 2025 Outlook
·$DKSEarnings
Guidance Update
M&A
- DICK'S Sporting Goods delivered strong Q2 2026 results, with comparable store sales increasing 5% and consolidated sales reaching $3.65 billion, a 5% increase. Non-GAAP EPS for the quarter was $4.38, and gross margin expanded over 30 basis points.
- The company raised its full-year 2025 outlook, now expecting comparable sales growth in the range of 2% to 3.5% (up from 1% to 3%) and non-GAAP EPS between $13.9 and $14.5 (up from $13.8 to $14.4).
- The pending acquisition of Foot Locker is anticipated to close on September 8, having received all regulatory and shareholder approvals. DICK'S Sporting Goods expects $100 million to $125 million in synergies from the acquisition and believes it will be accretive.
- Strategic investments continue, with plans to open approximately 16 House of Sport locations and 15 Fieldhouse locations in 2025. The Game Changer business reported 7.4 million unique active users in Q2 and is on track for almost 50% revenue growth.
Aug 28, 2025, 10:30 PM
DICK'S Sporting Goods Extends Exchange Offer for Foot Locker Notes
·$DKSDebt Issuance
M&A
- DICK'S Sporting Goods has extended the expiration date for its exchange offer and consent solicitation for Foot Locker's 4.000% Senior Notes due 2029.
- The new Expiration Date and Withdrawal Deadline is September 9, 2025, at 5:00 p.m., New York City time, extended from the previous August 29, 2025 deadline.
- As of August 26, 2025, $379,741,000 principal amount, representing 94.94%, of the Foot Locker Notes had been validly tendered and not withdrawn.
- The extension is contingent on the consummation of the previously announced merger of a DICK'S subsidiary with Foot Locker, which will result in Foot Locker becoming a wholly-owned subsidiary of DICK'S.
Aug 26, 2025, 10:15 PM
DICK'S Sporting Goods Extends Exchange Offer for Foot Locker Notes
·$DKSM&A
Debt Issuance
- DICK'S Sporting Goods has extended the expiration date for its exchange offer and consent solicitation for Foot Locker's 4.000% Senior Notes due 2029.
- The new expiration date and withdrawal deadline for the offer is August 29, 2025, at 5:00 p.m. New York City time.
- As of August 1, 2025, $379,435,000 principal amount, or 94.86%, of the Foot Locker Notes had been validly tendered.
- The exchange offer is contingent on the consummation of the previously announced merger, which will make Foot Locker a wholly owned subsidiary of DICK'S.
Aug 4, 2025, 12:00 PM
DICK'S Sporting Goods Provides Update on Foot Locker Merger Antitrust Review
·$DKSM&A
Takeover Bid
- DICK'S Sporting Goods, Inc. voluntarily withdrew its pre-merger Notification and Report Form for the merger with Foot Locker, Inc. on July 23, 2025, to provide the Federal Trade Commission (FTC) with additional time for review.
- The company plans to resubmit the form on or about July 25, 2025, which will commence a new 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act.
- Despite this, DICK'S Sporting Goods and Foot Locker continue to expect to consummate the merger in the second half of 2025.
Jul 24, 2025, 12:00 AM
Dick's Sporting Goods Inc. Under Investigation Following Shareholder Lawsuit
·$DKSLegal Proceedings
Demand Weakening
Profit Warning
- Shareholder rights law firm Johnson Fistel, PLLP is investigating Dick's Sporting Goods, Inc. for potential violations of federal and state securities laws by certain officers and directors.
- A class action lawsuit was filed on February 15, 2024, in the U.S. District Court for the Western District of Pennsylvania on behalf of investors.
- The lawsuit alleges that the company made false and/or misleading statements and failed to disclose that demand for products in its Outdoor segment was slowing, leading to excess inventory that would materially and negatively affect profitability.
- Current, long-term shareholders who continuously held shares during the relevant time periods may be able to hold officers and directors personally accountable.
Jul 3, 2025, 10:30 PM
DICK’S Sporting Goods: Early Participation in Exchange Offer & Consent Solicitation Results
·$DKSDebt Issuance
M&A
- As of 5:00 p.m. (NYC) on June 20, 2025, DICK’S, on behalf of Foot Locker, received valid tenders of $369.381 million (92.35%) of its 4.000% Senior Notes due 2029.
- DICK’S offered to exchange Foot Locker’s 4.000% Senior Notes due 2029 for up to $400 million in new DICK’S notes (and cash).
- DICK’S has obtained the required consents to adopt proposed indenture amendments eliminating substantially all restrictive and affirmative covenants and certain events of default, effective upon the closing of the merger or settlement of the exchange offer.
- Participants will receive a consent payment of approximately $2.71 per $1,000 in principal amount of Foot Locker notes validly tendered.
- The Exchange Offer expires on August 1, 2025 at 5:00 p.m. ET, with settlement expected within two business days thereafter.
- Eligible holders will receive an early participation premium of $30.00 in principal amount of DICK’S Notes for each $1,000 of Foot Locker Notes tendered.
- The Exchange Offer and Consent Solicitation are conditioned upon the closing of the Acquisition, which itself is not conditioned on the consummation of the offer or solicitation.
Jun 23, 2025, 12:00 AM
DICK'S SPORTING GOODS approves share authorization increase
·$DKSProxy Vote Outcomes
- Amended Charter to authorize 1,000,000,000 common shares and 200,000,000 Class B common shares, effective June 11, 2025 upon filing with the Delaware Secretary of State.
- Shareholder approval of the amendment: 238,061,813 votes for, 39,719,997 against.
- All 12 director nominees re-elected, each with majority support (e.g., Sandeep Mathrani: 270,860,615 for, 474,323 withheld).
- Deloitte & Touche LLP ratified as independent auditor for fiscal 2025: 275,610,230 for, 2,197,373 against.
Jun 13, 2025, 12:00 AM
DICK'S SPORTING GOODS Initiates Exchange Offer for Foot Locker Senior Notes
·$DKSM&A
Debt Issuance
- DICK'S announced an exchange offer to swap up to $400 million of Foot Locker’s 4.000% Senior Notes due 2029 for new DICK'S Senior Notes, as part of its anticipated acquisition of Foot Locker.
- The offer includes a consent payment that ranges from $2.50 to $5.00 per $1,000 principal and an exchange consideration offering $970 of DICK'S Notes plus a $30 premium per $1,000 for early tendered notes.
Jun 6, 2025, 12:00 AM
DICK'S Sporting Goods Reports Q4 2025 Results
·$DKSEarnings
Share Buyback
Dividends
- Q4 results mark the company’s strongest quarter ever with 6.4% comparable sales growth and full year 2024 comparable sales growth of 5.2%, underscoring robust performance.
- The report highlights full year GAAP EPS of $14.05 (up 15% YoY) and a Q4 EPS of $3.62, reflecting significant earnings improvement.
- The company announced a new five-year, up to $3 billion share repurchase program and a 10% increase in the quarterly dividend, while providing 2025 guidance with net sales of $13.6B to $13.9B and comparable sales growth between 1.0% and 3.0%.
Mar 11, 2025, 12:00 AM