Dick's Sporting Goods Inc · NYSE:DKS

Dick's Sporting Goods — Q4 2025 Earnings Presentation

36 slides from Dick's Sporting Goods's earnings presentation, Mar 12, 2026

  1. Slide 1: Investor Presentation March 2026

    INVESTOR PRESENTATION MARCH 2026

  2. Slide 2: Forward-Looking Statements Involving Known and Unknown Risks and Uncertainties

    Forward-LookingStatementsInvolvingKnownandUnknownRisks andUncertainties Thisinvestorpresentationcontainsforward-lookingstatementsmadepursuantto the safe harborprovisionsof the PrivateSecuritiesLitigationReformAct of 1995. Forward -lookingstatementscan be identifiedas thosethat maypredict,forecast,in

  3. Slide 3: Non-GAAP Financial Measures

    Forward-LookingStatementsInvolvingKnownandUnknownRisks andUncertainties NON-GAAPFINANCIALMEASURES In additionto reportingthe Company'sfinancialresults in accordancewithgenerallyacceptedaccountingprinciples("GAAP"), the Companyalso reportscertainnon-GAAPfinancialmeasures.Thesenon-GAAPfinancialmeasure

  4. Slide 4: Our Belief, Common Purpose and Mission

    DICK STACK OPENS 1948 THE FIRST STORE IN BINGHAMTON, NY ED STACK, DICK’S OUR BELIEF We believe sports have the power to change STORES: 1 1984 SON, TAKES OVER AS CHAIRMAN & CEO lives. THE COMPANY CHANGES ITS NAME STORES: 2 OUR COMMON PURPOSE 1999 TO DICK’S SPORTING GOODS, INC AND MAKES ITS FIRST ECOM

  5. Slide 5: The DICK'S Business Is the Leading U.S. Sports Retailer

    THE DICK’S BUSINESS IS THE LEADING U.S. SPORTS RETAILER, WITH GROWT 1 TOTAL ADDRESSABLE MARKET NATIONAL FOOTPRINT 14 ~$140B 1 4 11 17 2 7 7 23 1 17 49 1 26 3 13 Across Footwear, 5 9 51 28 6 48 6 25 4 Apparel, and Hardlines 65 18 39 6 11 15 32 22 13 DC: 1 20 42 14 10 4 5 15 1 MARKET SHARE 7 15 26 <10

  6. Slide 6: With Foot Locker, We Are Now a Leading Global Sports Retailer

    WITH FOOT LOCKER, WE ARE NOW A LEADING GLOBAL SPORTS RETAILER 1 TOTAL ADDRESSABLE MARKET ~$300B FY25 total addressable global market 888 1,610 2,498 573 across the sports retail industry 124 1 MARKET SHARE ~6.5% DICK’S and Foot Locker North America Presence Foot Locker Europe Presence Foot Locker 2

  7. Slide 7: Our 2025 DICK'S Business Results Demonstrate Our Continued Strong Performance

    OUR 2025 DICK’S BUSINESS RESULTS DEMONSTRATE OUR CONTINUED STR PERFORMANCE FY25 DICK’S BUSINESS FY25 CONSOLIDATED COMPANY FINANCIAL HIGHLIGHTS 3 SALES BREAKDOWN 3% FY25 YoY ∆ Comparable Sales1 4.5% 29% Net Sales $14.11B +5.0% FY25 CONSOLIDATED 40% COMPANY SALES: Gross Margin 36.33% +43 bps $17.22B N

  8. Slide 8: The Intersection of Sport and Culture Has Never Been Stronger

    THE INTERSECTION OF SPORT AND CULTURE HAS NEVER BEEN STRONGER, AND WE SIT SQUARELY AT THE CENTER With most of the 2026 World Cup matches on U.S. soil, the 2028 Summer Olympics in L.A., and the Ryder Cu returning to the U.S. in 2029, we are entering one of the most compelling -year multi periods for

  9. Slide 9: Four Strategic Pillars Driving Consistent Performance

    THE DICK’S BUSINESS HAS DRIVEN STRONG, CONSISTENT PERFORMANCE THROUGH DISCIPLINED EXECUTION OF THESE FOUR STRATEGIC PILLARS ATHLETE DIFFERENTIATED BRAND TEAMMATE EXPERIENCE PRODUCT ENGAGEMENT EXPERIENCE 9

  10. Slide 10: Repositioning Our Real Estate & Store Portfolio: House of Sport

    ATHLETE EXPERIENCE REPOSITIONING | OUR REAL ESTATE & STORE PORTFOLIO We are creating the future of retail through House of Sport House of Sport is built four on pillars: - Experience - Service - Community - Product We ended FY25 with 35 locations, and plan to open approximately 14 additional in FY26

  11. Slide 11: Repositioning Our Real Estate & Store Portfolio: DICK'S Field House

    ATHLETE EXPERIENCE REPOSITIONING | OUR REAL ESTATE & STORE PORTFOLIO We are incorporating key House of Sport learnings into our most typical 50K sq ft DICK’S store (“DICK’S Fiel “Our newest DICK’S concepts, DICK’S House of Sport and our next generation 50,000 square foot DICK’S store, are yielding p

  12. Slide 12: Repositioning Our Real Estate & Store Portfolio: Golf Galaxy

    ATHLETE EXPERIENCE REPOSITIONING | OUR REAL ESTATE & STORE PORTFOLIO We are growing our Golf Galaxy footprint and enhancing the experience with Performance Center loca Golf Galaxy Performance Centers offer immersive an experiencefor golf enthusiasts of all levels We ended FY25 with 113Golf Galaxy lo

  13. Slide 13: Leveraging a Powerful Omni-Channel Model

    ATHLETE EXPERIENCE LEVERAGING | A POWERFUL-CHANNEL OMNI MODEL We operate an athlete -centric, nimble omni -channel ecosystem that prioritizes convenience for our athletes Ourfulfillment optionsprovide athletes with desired flexibility: ~70% of FY25 salescamefrom omni -channel athletes,1an increase o

  14. Slide 14: Accelerating Our eCommerce Business

    ATHLETE EXPERIENCE ACCELERATING | OUR ECOMMERCE BUSINESS While we’ve seen strong eCommerce growth, we see an opportunity to significantly expand our online DICKS.COM DICK’S APP We have multibillion a -dollareCommerce business with Our app is at the centerof our omni -channel offering, profitability

  15. Slide 15: Leading Youth Sports Tech with GameChanger

    ATHLETE EXPERIENCE LEADING | YOUTH SPORTS TECH WITH GAMECHANGER GameChangeris the premier live streaming, scoring and statistics mobile app for youth sports and a leader in the multibillion -dollar sports technology market FY25 AT A GLANCE THE OPERATING SYSTEM OF YOUTH SPORTS Nearly Nearly Video Str

  16. Slide 16: Capitalizing on Our Powerful Athlete Database

    ATHLETE EXPERIENCE CAPITALIZING | ON OUR POWERFUL ATHLETE DATABASE We have an exciting growth opportunity with DICK’S Media Network, backed by our robust and growing ScoreCard loyalty program and database Withnearly 20 billion impressions 1, DICK’S Media Network allows brands to tap into the best da

  17. Slide 17: Differentiated Product Offering: The Best from National Brands

    DIFFERENTIATED PRODUCT OFFERING | “THE BEST” FROM NATIONAL BRANDS Key brands provide us with premium product access, driving sustained and robust sales growth ~80% of athletes look to us for multi 1 a -brand experience 1Represents DICK’S Business and excludes Foot Locker Business, athletes who made

  18. Slide 18: Differentiated Product Offering: Vertical Brands

    DIFFERENTIATED PRODUCT PROVIDING | VERTICAL BRANDS, ONLY AT DICK’S We have created a powerhouse vertical brand assortment that resonates well with our athletes ~13% 700to 900 bps Vertical Brand sales to total in 2025 Higher margin than national brands Verticalbrands are atop three vendorin: Combined

  19. Slide 19: Brand Engagement: Developing a Genuine Relationship with Our Athletes

    BRAND ENGAGEMENT | DEVELOPING A GENUINE RELATIONSHIP WITH OUR ATHL Through impactful marketing campaigns, meaningful community engagement and strategic partnerships, we a demonstrate the influence of sport to build and deepen our relationship with the athletes we serve MARKETING COMMUNITY PARTNERSHI

  20. Slide 20: Teammate Experience: Supporting Our People and Team Culture

    TEAMMATE EXPERIENCE SUPPORTING | OUR PEOPLE AND TEAM CULTURE We win because of our people ~86% of DICK’S Business Teammates recommend DICK’S Sporting Goods as a great place to work DICK’S BUSINESS 2025 DICK’S Business Store Manager Leadership Conference +2,070bps 1 to the U.S. retail industry averag

  21. Slide 21: In 2025, We Completed Our Acquisition of Foot Locker

    IN 2025, WE COMPLETED OUR ACQUISITION OF FOOT LOCKER Core benefits of this acquisition include the ability to: 1.CREATE A GLOBAL PLATFORM WITHIN THE GROWING SPORTS RETAIL INDUST 2. SERVE A BROADER SET OF CONSUMERS ACROSS DIFFERENTIATED CONCEPTS 3. STRENGTHEN RELATIONSHIPS WITH BRAND PARTNERS THROUGH

  22. Slide 22: Our Excitement and Conviction in the Long-Term Opportunity with Foot Locker

    OUR EXCITEMENT AND OUR CONVICTION IN -TERM THE LONG OPPORTUNITY WITH FOOT LOCKER CONTINUE TO GROW Assembled aworld-class Foot Locker inventory is now Ourbrand partnersare Expanded our11-store pilot management team , including well-positioned heading into leaning in and are aligned with into ourFast

  23. Slide 23: Encouraged by the Performance of Our Fast Break Initiative

    WE ARE VERY ENCOURAGED BY THE PERFORMANCE OF OUR “FAST BREAK” We have moved quickly to test and learn in North America through our “Fast Break” initiative We evolved our11-store pilotinto what we’re calling our “Fast Break”initiative Improvement is coming frombasics: the - Clearer storytelling - Bet

  24. Slide 24: The DICK'S Business Has Driven Strong Sales Growth

    THE DICK’S BUSINESS HAS DRIVEN STRONG SALES GROWTH FOR OVER FIVE Our disciplined focus on our four strategic pillars has fueled consistent financial performance +61% SALES GROWTH 1 We delivered record salesof $14.1B in FY25, 5.0% up + v. FY24 $14.1B $13.0B $13.4B $12.3B $12.4B 2 Since 2019, we have

  25. Slide 25: Significant Operating Margin Expansion

    THE DICK’S BUSINESS HAS ACHIEVED SIGNIFICANT OPERATING MARGIN EXPANS THROUGH DISCIPLINED EXECUTION OF THE FOUR STRATEGIC PILLARS Our operating margin has structurally-baselined, re with further expansion opportunities ahead 1+699bps Non-GAAP gross margin EXISTING & ONGOING DRIVERS • Structurally hig

  26. Slide 26: We Continue to Return Significant Capital to Shareholders

    WE CONTINUE TO RETURN SIGNIFICANT CAPITAL TO SHAREHOLDERS We are committed to returning capital to shareholders through our quarterly dividend and opportunistic share repurchases Over the past three years, we have 2026 markstwelve consecutive years returnedapproximately $2.4 billion that our shareho

  27. Slide 27: Q4 2025 Financial Performance

    Q4 2025 FINANCIAL PERFORMANCE “We’re very proud of our company’s Q4 results. In the DICK’S Business, our strong execution powered a great d holiday seas another strong quarter with comp growth over 3% and-digitdouble non -GAAP EPS growth. ” - Lauren Hobart, President and Chief Executive Officer 3.0%

  28. Slide 28: 2026 Guidance

    2026 GUIDANCE AS OF 3/12/2026 “For 2026, we expect to drive continued comp growth, strategic expansion of our square footage, and strong theDICK’S profitability Business.for We also look forward to returning the Foot Locker Business-line to both and bottom top -line growth in 2026. We have deep conv

  29. Slide 29: GAAP to Non-GAAP Reconciliations

    GAAP TO NON -GAAP RECONCILIATIONS NON-GAAP NET INCOME AND EARNINGS PER SHARE RECONCILIATIONS (dollars in thousands, except per share amounts) 29

  30. Slide 30: GAAP to Non-GAAP Reconciliations

    GAAP TO NON -GAAP RECONCILIATIONS NON-GAAP NET INCOME AND EARNINGS PER SHARE RECONCILIATIONS (dollars in thousands, except per share amounts) 30

  31. Slide 31: GAAP to Non-GAAP Reconciliations

    GAAP TO NON -GAAP RECONCILIATIONS NON-GAAP NET INCOME AND EARNINGS PER SHARE RECONCILIATIONS (dollars in thousands, except per share amounts) 31

  32. Slide 32: GAAP to Non-GAAP Reconciliations

    GAAP TO NON -GAAP RECONCILIATIONS NON-GAAP NET INCOME AND EARNINGS PER SHARE RECONCILIATIONS (dollars in thousands, except per share amounts) 32

  33. Slide 33: GAAP to Non-GAAP Reconciliations

    GAAP TO NON -GAAP RECONCILIATIONS NON-GAAP NET INCOME AND EARNINGS PER SHARE RECONCILIATIONS (dollars in thousands, except per share amounts) 33

  34. Slide 34: GAAP to Non-GAAP Reconciliations

    GAAP TO NON -GAAP RECONCILIATIONS RD WEEK FISCAL 2023 NET SALES ADJUSTED FOR THE 53 (in thousands) RECONCILIATION OF FREE CASH FLOW (in thousands) 34

  35. Slide 35: GAAP to Non-GAAP Reconciliations

    GAAP TO NON -GAAP RECONCILIATIONS OPERATING INCOME AND EARNINGS PER DILUTED SHARE GUIDANCE (dollar in millions, except per share amounts) 35

  36. Slide 36: About DICK'S Sporting Goods

    ABOUT DICK’S SPORTING GOODS ABOUT DICK'S SPORTING GOODS, INC. DICK’SSportingGoodscreates confidenceand excitementby inspiring,supportingand personallyequippingall athletes to achievetheir dreams. Foundedin 1948andheadquartered in Pittsburgh,DICK'Sis a leadingomni-channelretailerandan iconicbrandin s

Dick's Sporting Goods — Q4 2025 Earnings Presentation on 6ix