Dick’s Sporting Goods, Inc. delivered third-quarter net sales of $3.06 billion and earnings per diluted share of $2.75 in the third quarter ended November 2. Comparable store sales for fiscal 2024 third quarter, calculated by shifting the prior-year period by one week to compare similar calendar weeks, were up 4.2 percent year-over-year.

The company noted that, due to the 53rd week in fiscal 2023, there is a one-week shift in the fiscal 2024 calendar compared to the prior year, which unfavorably impacted net sales comparisons for the third quarter by approximately $105 million, or approximately 35 cents per diluted share on the EPS line, and favorably impacted the year-to-date period by approximately $35 million, or approximately 10 cents per diluted share.

“Our strong third-quarter results demonstrate the significant momentum we have in our business,” offered Ed Stack, executive chairman, Dick’s Sporting Goods, Inc. “We continue to make strategic investments such as our House of Sport and Dick’s Field House concepts, where we are redefining sports retail and creating strong engagement with our athletes, brand partners and communities that will fuel our long-term growth. Sport continues to have a strong influence on culture, and culture on sport, and our House of Sport concept is uniquely positioned to meet the needs of athletes as they look for the best of performance as well as the lifestyle of sport.”

Nine-Month Year-to-Date Summary
The company delivered year-to-date comparable sales growth of 4.7 percent, EBT margin of 11.8 percent and earnings per diluted share of $10.43.

Balance Sheet Summary
The company had no outstanding borrowings under its revolving credit facility in 2024 and 2023.


Quarterly Dividend
On November 25, 2024, the company’s Board of Directors authorized and declared a quarterly dividend of $1.10 per share on the company’s common stock and Class B common stock. The dividend is payable in cash on December 27, 2024, to stockholders of record at the close of business on December 13, 2024.

Share Repurchase Program
During the 39 weeks ended November 2, 2024, the company repurchased 0.8 million shares of its common stock under its share repurchase program at an average price of $203.98 per share, for a total cost of $170.3 million. As of November 2, 2024, the company had $609.3 million remaining under its authorization.

Full Year 2024 Outlook
Dick’s Sporting Goods, Inc. reported that it is raising full-year 2024 guidance for comparable sales growth to a range of 3.6 percent to 4.2 percent, up from 2.5 percent to 3.5 percent previously. The company also raised full-year 2024 earnings per diluted share guidance to a range of $13.65 to 13.95, up from $13.55 to 13.90 previously.

Store Count and Square Footage
The following table summarizes store activity for the periods indicated.

Other Company Notes

  • Beginning in fiscal 2024, DKS revised its method for calculating comparable sales to include GameChanger revenue. Prior year information has been revised to reflect this change for comparability purposes.
  • The company declared and paid quarterly dividends of $1.10 per share in fiscal 2024 and $1.00 per share in fiscal 2023.

Image courtesy Dick’s Sporting Goods, Inc.