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Feb 01, 2025
Dick's Q4 2024 Earnings Report
DICK'S Sporting Goods delivered record-breaking Q4 2024 sales.
Key Takeaways
DICK'S Sporting Goods reported its largest sales quarter in company history, with Q4 2024 revenue reaching $3.89 billion, reflecting a 0.5% year-over-year increase. Comparable store sales grew 6.4%, driven by strong transaction growth. Net income stood at $300 million, while diluted EPS was $3.62. Despite strong top-line performance, non-GAAP earnings per share declined 6% due to higher operating expenses and cost pressures.
Q4 revenue reached a record $3.89 billion, growing 0.5% year-over-year.
Comparable store sales increased 6.4%, supported by higher transaction volume.
Net income rose 1% to $300 million, while diluted EPS was $3.62.
The company expects continued comparable sales growth in 2025 between 1.0% and 3.0%.
Forward Guidance
DICK'S Sporting Goods anticipates moderate growth in 2025, supported by store expansions and e-commerce initiatives.
Positive Outlook
- Full-year 2025 comparable sales expected to grow between 1.0% and 3.0%.
- Earnings per diluted share guidance set between $13.80 and $14.40.
- Projected net sales range between $13.6 billion and $13.9 billion.
- Plans to open 16 new House of Sport locations and 18 new Field House locations.
- Continued investment in e-commerce and digital expansion.
Challenges Ahead
- Operating expenses expected to remain elevated due to store expansion costs.
- Potential macroeconomic headwinds may impact discretionary spending.
- Higher interest rates could affect consumer demand.
- Supply chain constraints may put pressure on inventory management.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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