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Dicks Sporting Goods

All articles tagged with #dicks sporting goods

business4 months ago

Dick's Sporting Goods Acquires Foot Locker in $2.4 Billion Deal

Dick's Sporting Goods has completed a $2.4 billion acquisition of Foot Locker, creating a combined company with over 3,200 stores worldwide. Mary Dillon has exited as CEO of Foot Locker, and Ann Freeman, a Nike veteran, has been appointed president of Foot Locker North America, amid leadership restructuring aimed at revitalizing the brand and expanding growth. The deal is expected to generate significant cost synergies and enhance global retail presence.

via WWD|
#acquisition#business#dicks-sporting-goods
business4 months ago

Dick's Sporting Goods Boosts Outlook Amid Strong Q2 Performance

Dick's Sporting Goods exceeded second-quarter earnings expectations and raised its full-year sales and earnings guidance, driven by strong comparable sales and gross margin expansion. The company also announced the upcoming acquisition of Foot Locker, which is expected to enhance its market position despite Foot Locker's current struggles. The acquisition will be operated as a separate entity, with plans to provide separate performance updates for each brand.

via CNBC|
#acquisition#business#dicks-sporting-goods
business5 months ago

Senator Warren and Jim Cramer Weigh in on Dick's-Foot Locker Merger Concerns

Senator Elizabeth Warren has urged the FTC and DOJ to scrutinize and potentially block the $2.4 billion merger between Dick's Sporting Goods and Foot Locker, citing concerns over reduced competition, higher prices, and job cuts in the athletic footwear sector, especially given the sector's ongoing consolidation and the potential for creating a duopoly.

via CNBC|
#antitrust#business#competition
business7 months ago

Dick's Sporting Goods Maintains Full-Year Guidance Amid Tariffs and Acquisition

Dick's Sporting Goods maintains its full-year financial outlook despite tariffs, expecting earnings per share between $13.80 and $14.40 and revenue between $13.6 billion and $13.9 billion, supported by a strong start to the year and strategic initiatives including the acquisition of Foot Locker, which is expected to be earnings-accretive with cost synergies.

via CNBC|
#business#dicks-sporting-goods#financial-performance
business1 year ago

Dick's Sporting Goods Shines Amid Retail Earnings Surge

As Black Friday approaches, retail stocks are fluctuating with recent earnings reports. Dick's Sporting Goods reported better-than-expected earnings and revenue, raising its full-year guidance, but its stock saw a brief rise before declining. Burlington Stores met earnings expectations but missed on revenue, while Abercrombie & Fitch exceeded expectations and raised guidance. Best Buy and Kohl's reported disappointing earnings, with Kohl's stock dropping significantly. The retail sector is closely watched as the holiday shopping season begins.

via Investor's Business Daily|
#black-friday#business#dicks-sporting-goods
business1 year ago

Dick's Sporting Goods Boosts Outlook Amid Strong Earnings and Stock Surge

Dick's Sporting Goods has raised its full-year guidance following a strong back-to-school shopping season and better-than-expected third-quarter sales. The company now anticipates fiscal 2024 same-store sales growth between 3.6% and 4.2%, surpassing Wall Street's expectations. Dick's reported third-quarter earnings per share of $2.75 and revenue of $3.06 billion, both exceeding analyst predictions. The retailer is optimistic about the upcoming holiday season, projecting fiscal 2024 sales between $13.2 billion and $13.3 billion and earnings per share between $13.65 and $13.95.

via CNBC|
#business#dicks-sporting-goods#earnings-report
business1 year ago

Dick's Sporting Goods Stock Soars on Strong Earnings and Raised Outlook

Dick's Sporting Goods reported a 16% surge in stock price as customers increased spending on sneakers, apparel, and athletic gear, leading the retailer to raise its full-year earnings guidance. The company's comparable sales grew 5.3% in the fiscal first quarter, driven by higher transaction volumes and increased average ticket values. Despite a cautious outlook for the rest of the year, Dick's expects full-year earnings per share to be between $13.35 and $13.75, up from previous estimates.

via CNBC|
#business#consumer-spending#dicks-sporting-goods
business1 year ago

"Founder's Return as CEO Sends Under Armour Shares Plummeting"

Under Armour has brought back founder Kevin Plank as president and CEO amidst industry challenges, including a 70% stock decline and lowered revenue outlook. The company faces struggles in maintaining brand affinity and has had various setbacks, leading to investor skepticism. In contrast, Dick’s Sporting Goods reported strong sales and earnings, with its House of Sport stores driving growth, in a positive exception to the industry trend.

via Front Office Sports|
#athletic-apparel#business#dicks-sporting-goods
finance1 year ago

"Dick's Sporting Goods: Record Sales and Dividend Hike Propel Stock to New Highs"

Dick's Sporting Goods (DKS) reported strong fourth-quarter earnings, with a 31% increase in EPS and an 8% rise in sales, leading to a 76% rally in its stock after announcing a 10% dividend hike. The company also provided 2024 guidance, expecting comparable-store sales growth of 1%-2% and earnings between $12.85-13.25 per share. The stock surged 14.2% in market action, continuing its upward trend in 2024, while other retail stocks like Abercrombie & Fitch and Costco experienced fluctuations in the market.

via Investor's Business Daily|
#dicks-sporting-goods#dividend-hike#dks
business1 year ago

"Dick's Sporting Goods Surpasses Expectations, Raises Dividend, and Soars in Stock"

Dick's Sporting Goods reported its largest sales quarter in its history, with earnings per share of $3.85 and revenue of $3.88 billion, surpassing Wall Street estimates. The company's net income for the quarter was $296 million, up from $236 million a year earlier. Same-store sales rose 2.8%, exceeding analyst expectations, and the company raised its dividend by 10%. Dick's expects earnings per share for fiscal 2024 to be between $12.85 and $13.25, with revenue projected to be between $13 billion and $13.13 billion. CEO Lauren Hobart expressed optimism for the year ahead, citing industry-leading assortment and strong execution.

via CNBC|
#business#dicks-sporting-goods#dividend
shopping1 year ago

"Save Up to 60% on Patagonia, Adidas, and More at Dick's Presidents' Day Sale - Last Day!"

Dick's Sporting Goods is offering up to 60% off on a wide range of items including popular brands like Patagonia, Adidas, Nike, and The North Face as part of their Presidents' Day sale. The sale includes discounts on clothing, shoes, fitness equipment, and outdoor gear, with notable deals on Patagonia jackets, running shoes, winter jackets, treadmills, Solo Stove fire pits, and more.

via Yahoo Life|
#adidas#dicks-sporting-goods#fitness-equipment