Results for "dick's sporting goods"

At Morgan Stanley’s Virtual Global Consumer & Retail Conference on Wednesday morning, Lauren Hobart, president at Dick’s Sporting Goods, expressed confidence that strength in core categories, access to new customers and a potential rebound in team sports will contribute to ongoing sales momentum in 2021.

Online sales again saw record growth on Black Friday while in-store traffic tumbled by half in an expected subdued start to the traditional holiday season.

Shares of Dick’s Sporting Goods barely budged on Tuesday despite the retailer reporting third-quarter results that nearly doubled Wall Street’s targets on accelerating same-store growth and also announcing that Lauren Hobart would be succeeding long-time CEO Ed Stack. Wall Street was nonetheless impressed by the performance with some gaining more confidence in Dick’s growth prospects for 2021.

The pending acquisition of Easton Diamond Sports is expected to particularly boost Rawlings’ capabilities in the baseball and softball bat category, but Mike Thompson, Rawlings’ chief marketing officer, told SGB Executive he expects the combination will accelerate innovation across a wide range of categories for both brands and help grow the game of baseball.

The Top National stories and the Latest headlines across the Active Lifestyle Market for the week of October 11, 2020, covered in the SGB Updates and delivered to your inbox every business day.

The Top National stories and the Latest headlines across the Active Lifestyle Market for the week of October 5, 2020, covered in the SGB Updates and delivered to your inbox every business day.

The Top National stories and the Latest headlines across the Active Lifestyle Market for the week of September 28, 2020, covered in the SGB Updates + delivered to your inbox every business day.

The Top National stories and the Latest headlines across the Active Lifestyle Market for the week of September 21, 2020, covered in the SGB Updates — delivered to your inbox every business day.

The Top National stories and the Latest headlines across the Active Lifestyle Market for the week of September 14, 2020 covered in the SGB Updates — delivered to your inbox every business day.

At Goldman Sachs’ Annual Retailing Conference Wednesday morning, Ed Stack, chairman and CEO, said “some pull forward” helped drive the retailer’s whopping 20.7 percent comp gain in the second quarter. However, strong demand for many categories that have benefited from lifestyle changes amid the COVID-19 pandemic are expected to continue into 2021. Stack said, “We’re fortunate we’re in a great lane for what’s going on right now.”

Dick’s Sporting Goods Inc. reported its highest-ever quarterly sales and earnings as Americans have embraced home fitness and socially-distanced outdoor activities to ride out the pandemic. Said Ed Stack, CEO, on a conference call with analysts, “Our product assortment is well-tailored to the recent consumer trends, supported by strong relationships with our key brands.”