Dick’s Sporting Goods Announces Record Sales and Growth Plans

Dick’s Sporting Goods ( (DKS) ) has provided an update.

DICK’S Sporting Goods reported record sales for the fourth quarter and full year 2024, with a 6.4% growth in comparable sales for the quarter and a 5.2% increase for the year. The company plans to revise its method for determining comparable sales starting in fiscal 2025, which will now include Warehouse Sale stores after their 14th month of operation. Looking ahead, DICK’S expects continued growth in comparable sales and earnings, with strategic expansions planned for 2025, including new store openings and a focus on enhancing its eCommerce business. The board has also authorized a 10% increase in quarterly dividends and a new five-year share repurchase program of up to $3 billion.

More about Dick’s Sporting Goods

DICK’S Sporting Goods, Inc. is the largest U.S.-based full-line omni-channel sporting goods retailer, offering a wide range of sports equipment, apparel, and footwear. The company focuses on expanding its market share through strategic investments in real estate, in-store enhancements, and digital experiences.

YTD Price Performance: -7.00%

Average Trading Volume: 1,108,050

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $17.19B

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