Dick's Sporting Goods Inc · NYSE:DKS

Dick's Sporting Goods — Q2 2025 Earnings Presentation

35 slides from Dick's Sporting Goods's earnings presentation, Aug 28, 2025

  1. Slide 1: Investor Presentation | August 2025

    INVESTOR PRESENTATION | AUGUST 2025 DICK’S

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

    Forward-Looking Statements Involving Known and Unknown Risks and Uncertainties This investor presentation contains forwarc}ooking statements made pursuant to the safe harbor provisions ofthe Private Securities Litigation Reform Act of 1995. Forward:looking statements can be identified as those that

  3. Slide 3: Forward-Looking Statements: Non-GAAP Financial Measures

    Forward-Looking Statements Involving Known and Unknown Risks and Uncertainties NON-GAAP FINANCIALMEASURES In addition to reporting the Company's financial results for the second quarter in accordance with generally accepted accounting principles (“GAAP”), the Company reports certain financial result

  4. Slide 4: We believe sports have the power to change lives

    We believe sports have the power to change lives. We create confidence and excitement by inspiring, supporting, and personally equipping all athletes to achieve their dreams. We create an inclusive environment where all TEAMMATES can thrive. We create and build leading brands that serve and inspire

  5. Slide 5: We are the leading U.S. omni-channel sports retailer, with growth ahead

    WE ARE THE LEADING U.S. OMNI-CHANNEL SPORTS RETAILER, WITH GROWTH AHEAD ———— TOTAL ADDRESSABLE MARKET! NATIONAL FOOTPRINT “$140B Across Footwear, Apparel, and Hardlines MARKET SHARE! <0 Stores Ml 10-29 Stores N I 0 Representing the largest M30: Stores ear i 0 among sporting goods retailers + Distrib

  6. Slide 6: FY24 results summary

    FY24 YoY ∆2 Comparable Sales1,2 5.2% Net Sales $13.44B +3.5% Non-GAAP Gross Margin3 35.90% +89 bps Non-GAAP EBT3 $1.52B +8.3% Non-GAAP EBT Margin3 11.30% +49 bps Hardlines Apparel National Brands Footwear Other Vertical Brands Non-GAAP EPS3 $14.05 +8.8% 6

  7. Slide 7: Key sports growth driver trends

    ——— KEY SPORTS GROWTH DRIVER TRENDS ——— WE SEE TREMENDOUS STRENGTH AND MOMENTUM IN THE U.S. SPORTS INDUSTRY The convergence of sport and culture has never been stronger aA ; [FACE-OFF } ( ) ay =| RYDERCUP 2024 2026 2031 Increased emphasis on health and wellness Rising interest in women’s sports, pos

  8. Slide 8: DICK'S is uniquely situated at the intersection of sport and culture

    DICK’S IS UNIQUELY SITUATED AT THE INTERSECTION OF SPORT AND CULTURE We are a nation obsessed with sport, and no one is better positioned to harness this opportunity than DICK’S Sporting Goods SPORT CULTURE [OES | SPORTS CHANGE LIVES 8

  9. Slide 9: Our disciplined execution of our four strategic pillars has driven strong performance

    OUR DISCIPLINED EXECUTION OF OUR FOUR STRATEGIC PILLARS HAS DRIVEN STRONG, CONSISTENT PERFORMANCE ATHLETE DIFFERENTIATED BRAND TEAMMATE EXPERIENCE PRODUCT ENGAGEMENT EXPERIENCE [ORES | SPORTS CHANGE LIVES 9

  10. Slide 10: Our focus is on three exciting growth areas

    LEANING INTO OUR STRATEGIC PILLARS, OUR FOCUS IS ON 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 [ORES | SPORTS CHANGE LIVES 40

  11. Slide 11: Athlete Experience | House of Sport

    © ATHLETE EXPERIENCE | REPOSITIONING OUR REAL ESTATE & STORE PORTFOLIO We are creating the future of retail through House of Sport CN OT | ma » House of Sport is built on four pillars: - Experience - Service - Community - Product ) We ended FY24 with19 locations, and plan to open approximately 16 ad

  12. Slide 12: 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 Field House”) —_—ee “Our newest DICK’S concepts, DICK’S House of Sport and our next generation 50,000 square foot DICK’S stor

  13. Slide 13: Expected 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 “90,000 sq ft Cash on Cash Return:“25% , Cashon Cash Return:“40% Payback Period:<4 yea

  14. Slide 14: 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 locations Golf Galaxy Performance Centers offer animmersive =a Le | = — Sy experience for golf enthusiasts of all levels ' yt My EH se

  15. Slide 15: Leveraging a powerful omni-channel model

    © ATHLETE EXPERIENCE | LEVERAGING A POWERFUL OMNI-CHANNEL MODEL We operate an athlete-centric, nimble omni-channel ecosystem that prioritizes convenience for our athletes 0 fi 5 Of Our fulfillment options provide athletes with desired flexibility: Bj of FY24 sales came from omni-channel athletes’ an

  16. Slide 16: 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 share DICKS.COM DICK’S APP We have a multibillion-dollar eCommerce business with Our app is at the center of our omni-channel offering, profit

  17. Slide 17: Leading youth sports tech with GameChanger

    ATHLETE EXPERIENCE | LEADING YOUTH SPORTS TECH WITH GAMECHANGER =) © <_ GameChanger is the premier live streaming, scoring and statistics mobile app for youth sports, and a leader in the multibillion-dollar sports technology market FY24 AT AGLANCE Over Nearly ‘. S 6. © S$ 6OOG Sales Games Covered +4

  18. Slide 18: 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 pic's COIN cORECAR With 18 billion annual impressions, DICK’S Media Network allows brands to

  19. Slide 19: Offering the best from national brands

    ATA DIFFERENTIATED PRODUCT | OFFERING “THE BEST” FROM NATIONAL BRANDS Gee Key brands provide us with premium product access, driving sustained and robust sales growth carhartt “. ie) @aylorMade >_> SS swola. PING asics > = (a H&KA YETI on PoteT 6 Cotumbia BIRKENSTOCK Crocs: Tteue “dubbies 9 Footjoy

  20. Slide 20: Providing vertical brands, only at DICK'S

    DIFFERENTIATED PRODUCT | PROVIDING VERTICAL BRANDS, ONLY AT DICK’S By We have created a powerhouse vertical brand assortment that resonates well with our athletes S VRST 95G CALLA WA MAX LI 2) Ucllgn. S$beGn 4 omen Comoe ETHOS * TOP FLITE NISHAIKI LN QUEST Monarch [ORES | SPORTS CHANGE LIVES 700 to

  21. Slide 21: Optimizing our clearance strategy

    ATA DIFFERENTIATED PRODUCT | OPTIMIZING OUR CLEARANCE STRATEGY Gee We are improving our clearance optimization and serving value-conscious athletes through Going Going Gone! Going Going Gone! consolidates clearance inventory and allows for an omni-channel sales opportunity We ended FY24 with 50 loca

  22. Slide 22: Developing a genuine relationship with our athletes

    BRAND ENGAGEMENT | DEVELOPING A GENUINE RELATIONSHIP WITH OUR ATHLETES y Through impactful marketing campaigns, meaningful community engagement and strategic partnerships, we aim to demonstrate the influence of sport to build and deepen our relationship with the athletes we serve po Xe D> <u ont) 4

  23. Slide 23: Supporting our people and team culture

    TEAMMATE EXPERIENCE | SUPPORTING OUR PEOPLE AND TEAM CULTURE hy —— = : = We win because of our people "84% of Teammates recommend DICK’S Sporting Goods as a great place to work +1585 bps tothe U.S. retail industry average! Dick’s ex's “P| | UE i " DIGK’S DICK’S = oe 50,000+ teammates = +p ONE AMERIC

  24. Slide 24: Strong sales growth throughout our transformation

    WE HAVE DRIVEN STRONG SALES GROWTH THROUGHOUT OUR TRANSFORMATION Our disciplined focus on our four strategic pillars has fueled consistent financial performance +54% SALES GROWTH! $1238 $12.48 $1308 ons $8.88 $9.6B nearly “7% 9% mattet market share share FYIS FY20 FY21 FY22 FY23! FY24 [IEE] | SPORTS

  25. Slide 25: Transformation has resulted in significant EBT margin expansion

    OUR TRANSFORMATION HAS RESULTED IN SIGNIFICANT EBT MARGIN EXPANSION Our EBT margin has structurally re-baselined, with further expansion opportunities ahead Nor-GAAP gross margin! «656 bps ——— EXISTING & ONGOING DRIVERS ~———— ¢ — Structurally higher merchandise margin due to a highly differentiated

  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 returned approximately $2.2 billion to shareholders, which represents “110% of free ca

  27. Slide 27: 2025 Financial Performance

    02 2025 FINANCIAL PERFORMANCE “We are very pleased with our strong Q2 results. Our performance continues to show how well our long-term strategies are working, the strength and resilience of our operating model and our team’s consistent execution. Our 02 comps increased 5,0%, with growth in average

  28. Slide 28: 2025 Guidance

    2025 GUIDANCE! so: zer20z5 “We are raising our full year 2025 outlook. This updated guidance reflects our strong 02 results and the ongoing confidence we have in our business, grounded in our team’s execution of our strategic pillars.” - Lauren Hobart, President and Chief Executive Officer NET SALES

  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) 13 Weeks Ended August 2, 2025 Selling, generaland Merger and Other Income administrative integration Income from Interest (income) before Earnings per expenses

  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) 13 Weeks Ended August 3, 2024 Selling, general and administrative Income from Other(income) Income before Earnings per expenses operations ? expense income tax

  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) 52 Weeks Ended February 1, 2025 Selling, general and administrative Incomefrom Other(income) Income before Earnin; expenses operations 2 expense income taxes N

  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) 53 Weeks Ended February 3, 2024 soning Seteative Other (income) 'Potore Earnings per Gross profit expenses expense income taxes Netincome™ diluted share GAAP B

  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) 52 Weeks Ended February 1, 2020 Selling, neral and Gain on Other Income istrative Incomefrom sale of (income) before Net Earnings per Gross profit expenses _—

  34. Slide 34: GAAP to Non-GAAP Reconciliations

    GAAP TO NON-GAAP RECONCILIATIONS FISCAL 2023 NET SALES ADJUSTED FOR THE 53*° WEEK (in thousands) Net sales adjusted for the extra week during the 14 and 53 weeks ended February 3, 2024 is presented below to illustrate the impact of the extra week on reported net sales in comparison to reported resul

  35. Slide 35: About DICK'S Sporting Goods

    ABOUT DICK’S SPORTING GOODS ABOUT DICK’S SPORTING GOODS DICK’S Sporting Goods (NYSE: OKs} creates confidence and excitement by inspiring, supporting and personally equipping all athletes to achieve their dreams. Founded in 1948 and headquartered in Pittsburgh, the leading omni-channel retailer serve

Dick's Sporting Goods — Q2 2025 Earnings Presentation on 6ix