Dick's Sporting Goods Inc is a leading American retailer specializing in sports equipment, apparel, and footwear. The company operates a chain of retail stores that cater to the needs of athletes and outdoor enthusiasts, offering a wide range of products from well-known brands and its private label collections. Dick's is committed to promoting an active lifestyle by providing customers with high-quality merchandise, expert advice, and services such as equipment rentals and fittings. In addition to its brick-and-mortar locations, the company has a robust online presence, allowing customers to shop conveniently for their sporting needs. Dick's Sporting Goods actively engages in community initiatives and sponsorships, supporting local sports teams and promoting youth sports programs.
Shares of sporting goods retailer Dick’s Sporting Goods (NYSE:DKS)
jumped 5.2% in the afternoon session after data from Adobe Analytics, which tracks retail transactions, revealed that shoppers spent a record $10.8 billion online on Black Friday (2024), representing more than a 10% growth compared to the previous year, and more than double what consumers spent in 2017.
Dick's Sporting Goods is worthy of a place in a dividend-growth portfolio sustaining healthy cash flow, growth, the balance sheet, and capital returns.
Retailers are expecting a record-breaking Black Friday to Cyber Monday shopping period as cash-strapped consumers are expected to shop early in the holiday season for sales promotions and savings.
Sporting goods retailer Dick’s Sporting Goods (NYSE:DKS) announced better-than-expected revenue in Q3 CY2024, but sales were flat year on year at $3.06 billion. The company expects the full year’s revenue to be around $13.25 billion, close to analysts’ estimates. Its GAAP profit of $2.75 per share was 2.2% above analysts’ consensus estimates.
The U.S. stock market traded mixed on Tuesday morning, with major indices showing tight movements as investors awaited the release of the Federal Reserve's November meeting minutes.
