DICK'S Sporting Goods, Inc. (DKS) is well-poised to tap the positive trends in the sporting industry, thanks to its robust strategies including merchandising initiatives and store-related efforts. The company has been gaining from brand strength and demand for its products that resonate well with customers. Undoubtedly, management is focused on creating a trend-right merchandise assortment, deepening relations with customers via marketing and efficiently controlling expenses.Buoyed by such strengths, shares ...

eBay (EBAY) entered into a definitive agreement with Collectors, a leading provider of third-party trading card authentication and grading.Per the terms of the agreement, eBay will acquire Collectors’ U.S.-based auction house for high-value trading cards and collectibles, Goldin, paving its way into the collectibles market. The deal further extends to the sale of the eBay vault to PSA, a subsidiary of Collectors.Further, eBay and Collector will launch a new product for the collecting community in the upcomi ...

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NASHVILLE, Tenn., April 4, 2024 /PRNewswire/ -- March heralds the commencement of a spectacular four-month-long aerial extravaganza as DICK'S House of Sport unveils its colossal blimp campaign, soaring across the East Coast. From the bustling hangar confines of Smyrna, Tennessee, the DICK'S House of Sport blimp, accompanied by its two seasoned pilots and a ground crew of fifteen, embarks on an odyssey that promises to captivate audiences and leave an indelible mark in its wake. With a jam-packed calendar, ...

The 10 Year Anniversary Sports Matter Grants symbolize a decade of collective effort and community support to ensure that more young athletes have access to sport and can thrive both on and off the field. Since 2014, DICK'S Sporting Goods and The DICK'S Foundation has helped over 2 million kids and committed over $100 million to support young athletes with equipment, registration fees, league costs and playing fields through its Sports Matter Program. "At The DICK'S Sporting Goods Foundation, we believe in ...

As we move into April, the dust is settling on fourth quarter 2023 earnings season, and, by most accounts, it was a success. According to data from FactSet, 73% of companies listed in the S&P 500 index exceeded their earnings estimates. Overall, earnings for the last quarter of 2023 grew 4% year-over-year, marking the second consecutive quarter of annualized growth. The communications services sector reported the strongest earings growth among the 11 sectors that comprise the S&P 500 at 45%. Successful Q4 2 ...

Financial Performance - Net sales increased by 5.0% to $12.98 billion in fiscal 2023, compared to $12.37 billion in fiscal 2022, with comparable store sales rising by 2.4%[147] - Net income for fiscal 2023 was $1.05 billion, or $12.18 per diluted share, compared to $1.04 billion, or $10.78 per diluted share, in fiscal 2022[147] - Income from operations decreased to $1,282.4 million in Fiscal 2023 from $1,463.0 million in Fiscal 2022[155] - Gross profit rose to $4,533.7 million in Fiscal 2023, with a gross margin increase of 28 basis points, primarily due to lower supply chain costs[156] - Other income increased significantly to $93.8 million in Fiscal 2023 from $15.9 million in Fiscal 2022, driven by higher interest income and reduced expenses from deferred compensation plan investments[159] Expenses and Costs - Selling, general and administrative expenses as a percentage of net sales increased to 24.68% in fiscal 2023, up 200 basis points from 22.68% in fiscal 2022[149] - Selling, general and administrative expenses increased to $3,204.1 million in Fiscal 2023, up 200 basis points as a percentage of net sales, influenced by investments in hourly wage rates and marketing expenses[156] - Pre-opening expenses surged to $47.3 million in Fiscal 2023 from $16.1 million in Fiscal 2022, reflecting the opening of nine DICK'S House of Sport stores[157] - The company incurred pre-tax charges of $84.8 million from its Business Optimization, which included $46.1 million in non-cash impairments and $26.7 million in severance-related costs[140] Inventory and Shrinkage - Inventory shrink increased by approximately 50 basis points relative to historical levels, impacting merchandise margin[144] - A 10% change in obsolete inventory reserves would have affected income before income taxes by approximately $7.2 million in fiscal 2023[183] - A 10% change in shrink reserves would have affected income before income taxes by approximately $3.0 million in fiscal 2023[184] Shareholder Returns - The company repurchased 5.4 million shares of common stock for a total cost of $648.6 million during fiscal 2023[147] - Dividends paid to stockholders in Fiscal 2023 amounted to $351.2 million, with a 10% increase in the quarterly cash dividend declared for 2024[172] - The company repurchased 5.4 million shares for $648.6 million in Fiscal 2023, with an anticipated $300 million in share repurchases for Fiscal 2024[170][171] Store Operations - The company operated 855 stores at the end of fiscal 2023, a net increase of 2 stores from 853 at the end of fiscal 2022[149] - The company closed ten Moosejaw stores as part of its optimization strategy and integrated Moosejaw and Public Lands operations[140] Future Outlook - The company expects selling, general and administrative expenses to leverage as a percentage of net sales in 2024 due to ongoing optimization efforts[144] - Capital expenditures totaled $587.4 million in Fiscal 2023, with anticipated expenditures of approximately $800 million in Fiscal 2024 for new store developments and technology enhancements[168][169] Debt and Financing - Interest expense decreased to $58.0 million in Fiscal 2023 from $95.2 million in Fiscal 2022, due to lower interest following the retirement of Convertible Senior Notes[158] - Cash used in financing activities decreased by $211.9 million in 2023 compared to 2022, primarily due to the exchange of $515.9 million in Convertible Senior Notes in the prior year[178] - The company did not draw on its Credit Facility during fiscal 2023 or fiscal 2022, indicating no outstanding borrowings as of February 3, 2024[189] Economic Factors - Inflation may adversely impact consumer demand and the ability to maintain gross margin levels if product prices do not increase accordingly[192] - A hypothetical 100 basis point change in interest rates would have affected income before income taxes by approximately $16 million based on average cash equivalents during 2023[191] Seasonal Trends - The business has become less affected by seasonal fluctuations, although the highest sales typically occur in the second and fourth fiscal quarters[193]

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors rely on traditional forms of a ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score ...