DICK’S Sporting Goods (DKS) Investor presentation summary

Strategic overview and market position

• Completed acquisition of Foot Locker, creating a global sports retail leader with a $300B addressable market and ~6.5% market share.

• Operates 3,195 stores worldwide, with a strong presence in North America, Europe, and Asia.

• Focused on omni-channel growth, leveraging technology and store network for convenience and speed.

• Strategic pillars: athlete experience, differentiated product, brand engagement, and teammate experience.

• Positioned to benefit from major sporting events like the 2026 World Cup and 2028 Olympics.

Financial performance and guidance

• FY25 consolidated net sales reached $17.22B, with DICK'S Business at $14.11B (+5.0% YoY).

• FY25 non-GAAP operating income was $1.57B, with an 11.12% operating margin.

• Q1 2026 consolidated net sales were $5.16B, including $1.79B from Foot Locker.

• 2026 guidance: consolidated net sales of $22.1B–$22.4B, operating income of $1.69B–$1.81B, and diluted EPS of $13.27–$14.27.

• Returned $2.4B to shareholders over three years via dividends and share repurchases.

Store concepts and omni-channel strategy

• House of Sport and Field House concepts are expanding, delivering strong financial results and enhanced athlete experiences.

• Golf Galaxy Performance Centers are growing, capitalizing on record golf participation.

• ~70% of FY25 sales came from omni-channel athletes, who spend 2x more than single-channel shoppers.

• Over 90% of sales and 80% of online orders were enabled or fulfilled by stores.