Dick’s Sporting Goods Stock Soars 12% in 2025 After Q4 Earnings Beat and 10% Dividend Boost

Highlights from Dick’s Sporting Goods Q4 2024 Earnings

• Dick’s Sporting Goods stock jumped nearly 12% in early trading after reporting impressive Q4 results.
• Net sales, net income, and earnings per share (EPS) all outperformed analyst forecasts.
• The company raised its quarterly dividend by 10% to $1.10 per share, reflecting confidence in future earnings.

Dick’s Sporting Goods (NYSE: DKS) experienced a significant stock price increase on Thursday after releasing fourth-quarter earnings that surpassed analyst expectations for the holiday season. The company reported record net sales of $3.88 billion for the quarter ending February 3, 2024, alongside adjusted net income of $320 million and an EPS of $3.85, all beating consensus estimates.

In addition to strong financial results, Dick’s announced a 10% hike in its quarterly dividend to $1.10 per share, payable on April 12, 2024, to shareholders of record as of March 29. This move underlines the company’s commitment to returning value to investors.

Shares climbed to as high as $222.92 during early trading, closing up 11.9% at $210.20 around mid-morning ET. The stock has appreciated approximately 45% since the beginning of the year, reflecting investor optimism about the company’s growth trajectory.

During fiscal year 2023, Dick’s repurchased $649 million of its own shares and distributed $351 million in dividends. While $780 million remains allocated for future buybacks, the company did not include repurchase plans in its 2024 guidance.

Comparable store sales grew 2.8% in Q4 across 855 stores, including flagship locations and specialty brands such as Golf Galaxy. Looking ahead, Dick’s forecasts comparable store sales growth between 1% and 2% for 2024, with net sales expected to range from $13 billion to $13.13 billion, up from $12.98 billion in 2023. Diluted EPS is projected between $12.85 and $13.25.

CEO Lauren Hobart expressed confidence in the company’s outlook, stating, "We are guiding to another strong year in 2024. We plan to grow both our sales and earnings through positive comparable sales, improved merchandise margins, and enhanced productivity."

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