PITTSBURGH (BRAIN) — Dick's Sporting Goods reported net sales slightly increased year-over-year in the fourth quarter, while full-year net sales rose 3.5%.
Net sales for the quarter ending Feb. 1 were up 0.5% to $3.89 billion, compared with $3.87 billion at the same time last year. For the year, net sales were $13.44 billion, compared with $12.98 billion year-over-year.
Fourth-quarter net income increased 1%, from $296 million to $300 million year-over-year, with earnings per share rising from $3.57 to $3.62. Full-year net income increased 11% to $1.165 billion from $1.047 billion reported in 2023. Full-year earnings per share rose 15%, from $12.18 to $14.05.
Dick's expects 2025 full-year comparable sales growth in the 1% to 3% range, and earnings per diluted share to be in the $13.80 to $14.40 range.
Seven House of Sport locations and 15 Field House locations opened in 2024. Plans exist to open about 16 additional House of Sport and 18 additional Field House locations this year.
The Board of Directors has authorized a 10% increase in quarterly dividend and a new five-year share repurchase program of up to $3 billion.
Dick's Sporting Goods is traded on the New York Stock Exchange under the DKS symbol. More information: DKS stock quote at NYSE.com.
