Dick's Sporting Goods Inc · NYSE:DKS
Dick's Sporting Goods — Q3 2025 Earnings Presentation
40 slides from Dick's Sporting Goods's earnings presentation, Nov 25, 2025
Slide 1: Investor Presentation November 2025
INVESTOR PRESENTATION |NOVEMBER 2025
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
Slide 3: Forward-Looking Statements and Non-GAAP Financial Measures
Forward-LookingStatementsInvolvingKnownandUnknownRisks andUncertainties NON-GAAPFINANCIALMEASURES In additionto reportingthe Company'sfinancialresults for the thirdquarterin accordancewithgenerallyacceptedaccountingprinciples("GAAP"), the Companyreportscertainfinancialresults for the quarterthat dif
Slide 4: Our Belief, Our Common Purpose, Our Mission
1948 DICK STACK OPENS 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 1999 TO DICK’S SPORTING GOODS, INC AND MAKES ITS FIRST ECOMMERCE SALE DICK’S S
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 16 ~$140B 1 4 11 17 2 7 7 23 1 17 50 1 27 3 13 Across Footwear, 6 5 9 52 28 25 48 Apparel, and Hardlines 6 39 6 4 65 18 22 11 15 13 32 DC: 1 20 41 14 10 1 MARKET SHARE 4 5 14 7 15 26 <10
Slide 6: With Foot Locker, Inc., We Are Now a Leading Global Sports Retailer
WITH FOOT LOCKER, INC., WE ARE NOW A LEADING GLOBAL SPORTS RETA 1 TOTAL ADDRESSABLE MARKET ~$300B FY24 total addressable global market 891 1,634 2,525 581 across the sports retail industry 124 1 MARKET SHARE ~6.5% DICK’S and Foot Locker, Inc. North America Presence Foot Locker, Inc. Europe Presence
Slide 7: Our 2024 DICK'S Business Results Demonstrate Our Continued Strong Performance
OUR 2024 DICK’S BUSINESS RESULTS DEMONSTRATE OUR CONTINUED STR PERFORMANCE FY24 FINANCIAL HIGHLIGHTS FY24 SALES BREAKDOWN FY24 YoY ∆2 3% Comparable Sales1,2 5.2% 13% 28% 36% Net Sales $13.44B +3.5% Non-GAAP Gross Margin3 35.90% +89 bps Non-GAAP EBT3 $1.52B +8.3% 33% 87% Non-GAAP EBT Margin3 11.30% +
Slide 8: We See Tremendous Strength and Momentum in the U.S. Sports Industry
WE SEE TREMENDOUS STRENGTH AND MOMENTUM IN THE U.S. SPORTS INDUSTRY The convergence of sport and culture has never been stronger KEY SPORTS GROWTH DRIVER TRENDS • Increased emphasis on health and wellness • Rising interest in women’s sports, posting record-breaking numbers • Enhanced social media pl
Slide 9: Uniquely Situated at the Intersection of Sport and Culture
WE ARE UNIQUELY SITUATED AT THE INTERSECTION OF SPORT AND CULTU We are a nation obsessed with sport, and no one is better positioned to harness this opportunity than 9
Slide 10: Four Strategic Pillars Driving Strong, 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 10
Slide 11: Three Exciting Growth Areas
LEANING INTO OUR STRATEGIC PILLARS, THE DICK’S BUSINESS IS FOCUSED THREE EXCITING GROWTH AREAS, EACH WITH SIGNIFICANT POTENTIAL Repositioning our Real Estate Driving Continued Strong Accelerating our eCommerce & Store Portfolio Growth In Key Categories Business 11
Slide 12: Repositioning Our Real Estate & Store Portfolio: House of Sport
ATHLETE EXPERIENCE REPOSITIONING | OUR REAL ESTATE & STORE PORTFOLIO The DICK’SBusiness is creating the future of retail through House of Sport House of Sport is built four on pillars: - Experience - Service - Community - Product We currently have 35 locations, including 16we opened in in FY25 We pl
Slide 13: 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
Slide 14: Expected Strong Returns on House of Sport and Field House
ATHLETE EXPERIENCE REPOSITIONING | OUR REAL ESTATE & STORE PORTFOLIO We expect our investments in House of Sport and DICK’S Field House to generate strong returns HOUSE OF SPORT DICK’S FIELD HOUSE ~120,000 sq ft ~50,000 sq ft Returns1 ~$35M Cash on Cash Return: ~25% Cash on Cash Return: ~40% Payback
Slide 15: Growing Golf Galaxy Footprint with Performance Centers
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 currently have 112Golf Galaxy loc
Slide 16: Leveraging a Powerful Omni-Channel Model
ATHLETE EXPERIENCE LEVERAGING | A POWERFUL-CHANNEL OMNI MODEL The DICK’SBusiness operates an athlete -centric, nimble omni -channel ecosystem that prioritizes convenience for our athle Ourfulfillment optionsprovide athletes with desired flexibility: Over65% of FY24 salescamefrom omni -channel athlet
Slide 17: 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 businesswith Our app is at the centerof our omni -channel offering, profitability i
Slide 18: 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 FY24 AT A GLANCE THE OPERATING SYSTEM OF YOUTH SPORTS Over Nearly Video Stre
Slide 19: 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 With18 billion annual impressions , DICK’S Media Network allows brands to tap into the best dat
Slide 20: Differentiated Product Offering: The Best from National Brands
DIFFERENTIATED PRODUCT OFFERING | “THE BEST” FROM NATIONAL BRANDS Key brands provide the DICK’S Business with premium product access, driving sustained and robust sales grow ~80% of athletes look to us for multi 1 a -brand experience 1Represents DICK’S Businessand excludes Foot LockerBusiness Inc. ,
Slide 21: Providing Vertical Brands, Only at DICK'S
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 2024 Higher margin than national brands Vertical brands areour number one or two vendor i
Slide 22: Optimizing Our Clearance Strategy
DIFFERENTIATED PRODUCT OPTIMIZING | OUR CLEARANCE STRATEGY We are improving our clearance optimization and serving-conscious value athletes through Going GoingGone! GoingGoingGone!consolidates clearance inventory and allows for an omni -channel sales opportunity 50 locations1 We ended FY24 with We w
Slide 23: 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, the D Business aims to demonstrate the influence of sport to build and deepen our relationship with the athletes we MARKETING COMMUNIT
Slide 24: Supporting Our People and Team Culture
TEAMMATE EXPERIENCE SUPPORTING | OUR PEOPLE AND TEAM CULTURE We win because of our people ~84% of Teammates recommend DICK’S Sporting Goods as a great place to work +1,585bps 2025 DICK’S Business Store Manager Leadership Conference to the U.S. retail industry average 1 50,000+TEAMMATES 1Medallia 202
Slide 25: Completed Acquisition of Foot Locker in September 2025
IN SEPTEMBER 2025, WE COMPLETED OUR ACQUISITION OF FOOT LOCKER Core benefits of this acquisition include: 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 GLOB
Slide 26: Excited About the Opportunity with Foot Locker
WE ARE EXTREMELY EXCITED ABOUT THE OPPORTUNITY WITH FOOT LOCK $8B $193M $395M FY24 REVENUE FY24 ADJUSTED EBIT FY24 ADJUSTED EBITDA BROAD INTERNATIONAL DIFFERENTIATED CONCEPTS STRONG STORE CULTURE RETAIL REACH ~90 NPS DUE TO STRONG STRIPER AND BLUE SHIRTS CULTURE AND 2 EXPERIENCE ~2.3K 40,000+ 2 EMPL
Slide 27: Owners of Foot Locker, Inc.: Conviction to Turn the Business Around
NOW, AS THE OWNERS OF FOOT LOCKER, INC., OUR CONVICTION THAT WE CAN TURN THIS BUSINESS AROUND HAS ONLY GROWN We are moving with urgency and have already: Met withall key vendor Assembled aworld-class Started c“leaning out the Kicked off an 11-store pilotto partners, who are fully management team , i
Slide 28: Strong Sales Growth for Over Five Years
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 1 +54% SALES GROWTH 1 We delivered record salesof $13.4B in FY24, up 3.5% 1 + v. FY23 $13.0B $13.4B $12.3B $12.4B 2 Since 2019, we have gro
Slide 29: Significant EBT Margin Expansion
THE DICK’S BUSINESS, THROUGH ITS FOCUS ON THE FOUR STRATEGIC PILLA AND DISCIPLINED EXECUTION, HAS ACHIEVED SIGNIFICANT EBT MARGIN EX Our EBT margin has structurally-baselined, re with further expansion opportunities ahead 1+656bps Non-GAAP gross margin EXISTING & ONGOING DRIVERS • Structurally highe
Slide 30: Continuing to Return Significant Capital to Shareholders
THE DICK’S BUSINESS CONTINUES 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 returned 2025 marks the eleventh consecutive year approximately $2.2
Slide 31: Q3 2025 Financial Performance
Q32025FINANCIAL PERFORMANCE “Theeffectiveness of our long -term strategies and the best -in-class execution by our team are driving outstanding result for our DICK’S Business. In the third quarter, the DICK'S Business comps grew 5.7% driven by increases in bot ticket and transactions, and we were pl
Slide 32: 2025 Guidance
1AS OF 11/25/2025 2025 GUIDANCE “Reflectingthese [Q3 2025] strong results and our continued confidence, we are again raising -year our 2025full outlook for the DICK'S Business .” - Lauren Hobart, President and Chief Executive Offic DICK’S BUSINESS: FULL YEAR 2025 1 OUTLOOK NET SALES COMP SALES DILUT
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
Slide 34: 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) 34
Slide 35: 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) 35
Slide 36: 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) 36
Slide 37: 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) 37
Slide 38: 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) 38
Slide 39: GAAP to Non-GAAP Reconciliations
GAAP TO NON -GAAP RECONCILIATIONS FOOT LOCKER , INC. EBIT AND EBITDA GAAPTO NON -GAAPRECONCILIATIONS (in millions) 39
Slide 40: About DICK'S Sporting Goods
ABOUT DICK’S SPORTING GOODS ABOUT DICK'S SPORTING GOODS, INC. DICK’S Sporting Goods creates confidence and excitement by inspiring, supporting and personally equipping allieve athletes their dreams. to ach Founded in 1948 and headquartered in Pittsburgh, Pennsylvania, DICK'S is a -channel leading om
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