Dick's Sporting Goods Inc · NYSE:DKS
Dick's Sporting Goods — Q2 2026 Earnings Presentation
35 slides from Dick's Sporting Goods's earnings presentation, Aug 25, 2026
Slide 1: Investor Presentation August 2026
INVESTOR PRESENTATION AUGUST 2026
Slide 2: Forward-Looking Statements Involving Known and Unknown Risks and Uncertainties
Forward-LookingStatementsInvolvingKnownandUnknownRisks andUncertainties This investorpresentationcontainsforward-lookingstatementsmadepursuantto the safe harborprovisionsof the PrivateSecuritiesLitigationReformAct of 1995. Forward -lookingstatementscan be identifiedas those that maypredict,forecast,
Slide 3: 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
Slide 4: 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 47 1 26 3 13 Across Footwear, 5 9 50 28 6 49 6 25 4 Apparel, and Hardlines 66 18 40 6 11 15 32 23 13 DC: 1 20 42 15 10 4 5 15 1 MARKET SHARE 7 15 26 <10
Slide 5: 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 892 1,531 2,423 559 across the sports retail industry 122 1 MARKET SHARE ~6.5% DICK’S and Foot Locker North America Presence Foot Locker Europe Presence Foot Locker 2
Slide 6: Our 2025 DICK'S Business Results Demonstrate 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
Slide 7: 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 The2026 FIFA World Cup, 2028 Los Angeles Olympics, and 2029 Ryder Cup are fueling one of the most compelling multi -year periods for sport and culture in the U.S. 7
Slide 8: Four Strategic Pillars
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 8
Slide 9: Athlete Experience: 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
Slide 10: Athlete Experience: 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 “With DICK’S Field House, we've takenmosttheimpactful elements of House of Sport and created a format that scale can acros
Slide 11: Athlete Experience: Golf Galaxy 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 ended FY25 with 113Golf Galaxy lo
Slide 12: 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
Slide 13: 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
Slide 14: 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
Slide 15: Capitalizing on Our Powerful Athlete Database
ATHLETE EXPERIENCE CAPITALIZING | ON OUR POWERFUL ATHLETE DATABASE We’re leveraging our industry -leading athlete database to drive growth through both DICK’S Media Netwo and our ScoreCard loyalty ecosystem, including the recent launch of ScoreCard+ Withnearly 20 billion impressions 1, DICK’S Media
Slide 16: 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
Slide 17: Differentiated Product: 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 2025 Higher margin than national brands Verticalbrands are atop three vendorin: Combined
Slide 18: 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
Slide 19: 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
Slide 20: 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
Slide 21: Our Conviction in the Long-Term Opportunity with Foot Locker Remains Strong
OUR CONVICTION IN THE -TERM LONG OPPORTUNITY WITH FOOT LOCKER REMAINS STRONG We are focused on executing our plan Elevating the Assortment Revitalizing the Stores Enhancing the product offering and growing Driven by our Fast Break initiative and the mix of -demand in brands ongoing fleet optimizatio
Slide 22: Opportunity with Our Fast Break Initiative
WE REMAIN HIGHLY CONFIDENT IN THE OPPORTUNITY WITH OUR “FAST B We have moved quickly to expand our “Fast Break” initiative to additional stores We evolved our initial 11-store pilotinto what we’re calling our“Fast Break”initiative “Fast Break” is built retail on fundamentals : - Clearer storytelling
Slide 23: 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 +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
Slide 24: 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
Slide 25: 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
Slide 26: Q2 2026 Financial Performance
Q2 2026 FINANCIAL PERFORMANCE “The DICK'S Business delivered a strong second quarter with -based broad growth across categories. As the quarter progressed, ditions con across portions of the athletic footwear and apparel marketplace became increasingly promotional, and we took action to remain compe
Slide 27: 2026 Guidance
2026 GUIDANCE AS OF 8/25/2026 “[Based on the marketplace pressures we saw in the second quarter], we are taking a more cautious view of the year. balance Whileof these the near -term dynamics have led us to revise our expectations for 2026, our confidence in -term the long opportunities ahead for bo
Slide 28: 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) 28
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
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
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
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
Slide 33: 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) 33
Slide 34: 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) 34
Slide 35: About DICK'S Sporting Goods, Inc.
ABOUT DICK’S SPORTING GOODS, INC. 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 iconicbra
Dick's Sporting Goods — Q2 2026 Earnings Presentation on 6ix