Dick's Sporting Goods Inc

Latest Results (18.12.2024):

Net Sales and Earnings

In the third quarter of 2024, Dick's Sporting Goods Inc reported net sales of $3.06 billion, reflecting a slight increase from the previous year. The company achieved earnings per diluted share of $2.75, which includes the expected unfavorable impact from a calendar shift amounting to approximately $105 million and $0.35 per diluted share.

Comparable Sales Growth

Dick's Sporting Goods Inc experienced a 4.2% growth in comparable sales during the third quarter of 2024. This growth was driven by strategic investments and strong execution from the team, contributing to a successful back-to-school season and increased market share.

Year-to-Date Performance

For the year-to-date period ending in the third quarter of 2024, Dick's Sporting Goods Inc reported a 4.7% increase in comparable sales. The earnings before income taxes (EBT) margin stood at 11.8%, with earnings per diluted share reaching $10.43, marking a significant improvement from the previous year.

Full Year 2024 Outlook

Dick's Sporting Goods Inc has raised its full-year 2024 guidance for comparable sales growth to a range of 3.6% to 4.2%, up from the previous range of 2.5% to 3.5%. The company also increased its earnings per diluted share guidance to a range of $13.65 to $13.95, reflecting confidence in its business performance.

Dividend Announcement

On November 25, 2024, Dick's Sporting Goods Inc's Board of Directors declared a quarterly dividend of $1.10 per share on its common stock and Class B common stock. This dividend is payable on December 27, 2024, to stockholders of record as of December 13, 2024, demonstrating the company's commitment to returning value to its shareholders.