Dick's Sporting Goods (DKS) Q4 2024 Earnings
How Did DKS Stock React to Q4 2024 Earnings?
S&P 500 over the same 30 days: −5.64%.
Did DKS Beat Earnings? Q4 2024 Results
Yes. Dick's Sporting Goods reported Q4 2024 earnings of $3.62 a share on Mar 11, 2025, beating the $3.51 consensus estimate by 3.0%. Revenue was $3.9B against a $3.8B estimate.
Dick's Sporting Goods capped fiscal 2024 with a strong fourth quarter, posting adjusted EPS of $3.62 and revenue of $3.89 billion, beating the consensus estimates of $3.51 and $3.77 billion by 3.05% and 3.26%, respectively, as the retailer's largest sales quarter of the year benefited from accelerating comparable sales growth of 6.4%, up from 4.2% in Q3. Revenue edged up 0.5% year over year, with comp momentum driven by gains in both average ticket and transactions, while gross margin expanded 54 basis points to 34.96%. The upbeat results were tempered, however, by a cautious fiscal 2025 outlook, with management projecting EPS of $13.80 to $14.40 and net sales of $13.60 billion to $13.90 billion, citing tariff uncertainties and a dynamic macroeconomic backdrop as reasons for the conservative range. Comparable sales growth of 1% to 3% is expected for the coming year, even as the company plans to open roughly 16 House of Sport and 18 Field House locations and raised its quarterly dividend 10% to $1.21 per share.
- 6.4% Q4 comparable sales growth driven by growth in average ticket and transactions
- 5.2% full year comparable sales growth
- Gross margin expansion of 54 basis points in Q4 to 34.96%
- Full year EBT margin expansion of 115 basis points to 11.3%
- Significant market share gains
- Strong footwear category performance
“Our fourth quarter was an exceptionally strong finish to another great year. With a 6.4% Q4 comp we delivered the largest sales quarter in Company history. For the full year, our comps increased 5.2%, we drove meaningful EBT margin expansion, and we gained significant market share. I'd like to thank all our teammates for their hard work and unwavering dedication to our business — at DICK'S, it's our people who make us great, and this strong performance is a direct result of their efforts.”
Dick's Sporting Goods CEO, on the earnings call
What Was Dick's Sporting Goods's Outlook in Q4 2024?
For fiscal 2025, DICK'S expects earnings per diluted share of $13.80 to $14.40 (based on approximately 82 million diluted shares and a ~24% effective tax rate), net sales of $13.6 billion to $13.9 billion, comparable sales growth of 1.0% to 3.0%, and gross capital expenditures of approximately $1.2 billion (~$1.0 billion net). The company plans to open approximately 16 additional House of Sport locations and approximately 18 additional Field House locations in fiscal 2025. Management expects continued comp growth, strategic square footage expansion, and improved gross margin while acknowledging the dynamic macroeconomic environment.
DKS YoY Financials
| Metric | Q4 2024 | Q4 2023 | Year over year |
|---|---|---|---|
| Revenue | $3.9B | $3.9B | +0.4% |
| Gross Profit | $1.4B | $1.3B | +2.0% |
| Operating Income | $387.0M | $372.0M | +4.0% |
| Net Income | $300.0M | $296.4M | +1.2% |
DKS Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.