Dick’s Sporting Goods achieved its highest quarterly sales to date – $3.89 billion – in the three months ended February 1.
The figures represent a 0.5 per cent year-over-year increase, thanks to a strong performance during the holiday season.
“While Dick’s has been on a growth spurt for several years, this did not stop it from delivering a stellar performance in the final quarter,” said Neil Saunders, GlobalData MD.
“Overall growth of 0.5 per cent may look subdued, but this uplift has been delivered with one fewer week of trade compared to last year, so is, in actuality, a strong result.”
The company’s fourth-quarter net income rose 1 per cent to $300 million.
Meanwhile, full-year net sales grew 3.5 per cent to $13.44 billion, and net income climbed 11 per cent to $1.17 billion.
For this year, the company forecasts net sales to be between $13.6 billion and $13.9 billion and comparable sales to rise 1 per cent to 3 per cent.
Dick’s said it is investing in three areas namely its real estate and store portfolio, footwear, and e-commerce business.
“For 2025, our outlook reflects strong confidence in our strategies and operational strength while acknowledging the dynamic macroeconomic environment,” said Lauren Hobart, Dick’s president and CEO.
“With a clear strategy, a disciplined approach, and a commitment to innovation, we are well-positioned to drive sustained sales and profitability growth over the long-term and seize the significant market share opportunity ahead of us.”