DICK’S Sporting Goods, Inc. (NYSE:DKS) Q3 2023 Earnings Conference Call November 21, 2023 10:00 AM ET Company Participants Nate Gilch - Senior Director, IR Lauren Hobart - President and CEO Navdeep Gupta - CFO Conference Call Participants Simeon Gutman - Morgan Stanley Robby Ohmes - Bank of America Kate McShane - Goldman Sachs Mike Baker - D.A. Davidson Warren Cheng - Evercore ISI Christopher Horvers - JP Morgan Michael Lasser - UBS Paul Kearney - Barclays John Kernan - TD Cowen Joe Feldman - Telsey Advisor ...

Sales Performance - Net sales increased by 41.3% in fiscal 2022 compared to fiscal 2019, driven by growth in key categories such as footwear, athletic apparel, team sports, and golf [48]. - Net sales increased by 2.8% to $3.04 billion in the current quarter from $2.96 billion in the same quarter of 2022, driven by a 1.7% increase in comparable store sales [17]. - Comparable store sales increased by 1.7% in the current quarter, down from a 6.5% increase in the same period last year [61]. Profitability and Margins - Merchandise margins increased over 300 basis points as a percentage of net sales in fiscal 2022 compared to fiscal 2019, with pre-tax income as a percentage of net sales growing from 4.7% to 11.2% [49]. - Gross profit increased to $1.06 billion, with a gross profit margin improvement of 67 basis points due to lower supply chain costs [64]. - Selling, general and administrative expenses rose to $776.0 million, increasing as a percentage of net sales by 254 basis points, influenced by business optimization charges and investments in talent and technology [65]. Expenses and Charges - Pre-tax business optimization charges of $52.5 million were incurred in Q3 2023, primarily due to the elimination of positions and integration of Moosejaw operations [53]. - The company anticipates additional pre-tax charges of approximately $10 million during Q4 2023 related to outdoor specialty business optimization [53]. - Selling, general and administrative expenses are expected to moderate by approximately 150 basis points from Q3 as a percentage of net sales [52]. Store Operations - Comparable store sales, including online sales, are considered a key performance indicator, impacting total net sales and cash flow [55]. - The company opened 10 new stores in Q3 2023, bringing the total to 869 stores by the end of the period [57]. Inventory and Supply Chain - Inventory shrink is expected to be approximately 50 basis points higher than fiscal 2022 on a full-year basis, reflecting industry-wide trends [52]. - Supply chain costs are expected to remain lower than fiscal 2022 for the remainder of the fiscal year [52]. Shareholder Returns - The company repurchased 3.5 million shares of common stock for a total cost of $388.1 million under its share repurchase program [17]. - During the 39 weeks ended October 28, 2023, the company repurchased 5.4 million shares at a cost of $648.6 million, leaving $779.6 million remaining under the share repurchase program [86]. - Dividends paid to stockholders during the 39 weeks ended October 28, 2023, amounted to $270.6 million, with a quarterly cash dividend of $1.00 per share declared for December 2023 [88]. Cash Flow and Capital Expenditures - Cash flows from operating activities increased by $729.1 million to $764.7 million for the 39 weeks ended October 28, 2023, compared to the prior year [92]. - Cash used in investing activities rose by $140.4 million to $433.3 million, including investments in DICK'S House of Sport stores and the acquisition of Moosejaw [93]. - Capital expenditures for the 39 weeks ended October 28, 2023, totaled $409.5 million, with expectations for fiscal 2023 capital expenditures between $550 million and $600 million [84][85]. Interest and Tax - Interest expense decreased to $14.4 million in the current quarter from $26.1 million in the prior year quarter, primarily due to lower interest expense on the Convertible Senior Notes following their retirement [67]. - The effective tax rate increased to 25.1% in the current quarter from 24.9% in the prior year quarter [69]. - Other income increased by $67.9 million to $56.3 million, driven by a $44.8 million rise in interest income and a $22.8 million reduction in deferred compensation plan expenses [76]. - The effective tax rate decreased to 18.7% from 24.1%, influenced by a $39.8 million increase in excess tax benefits due to higher employee equity awards [77]. Financial Position - Cash on hand as of October 28, 2023, was $1.41 billion, with an additional $1.6 billion available under the unsecured credit facility [78]. - Liabilities associated with supply chain financing arrangements were $38.9 million as of October 28, 2023, down from $56.1 million a year earlier [90].

DICK'S Sporting Goods, Inc. (NYSE:DKS) Q2 2023 Earnings Conference Call August 22, 2023 10:00 AM ET Company Participants Lauren Hobart - President & CEO Navdeep Gupta - CFO Nate Gilch - Senior Director, IR Conference Call Participants Simeon Gutman - Morgan Stanley Adrienne Yih - Barclays Robby Ohmes - Bank of America Kate McShane - Goldman Sachs Chris Horvers - J.P. Morgan John Kernan - TD Cowen Warren Cheng - Evercore ISI Michael Lasser - UBS Brian Nagel - Oppenheimer Paul Lejuez - Citi Mike Baker - D.A. ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended July 29, 2023 OR DICK'S SPORTING GOODS, INC. (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of (I.R.S. Employer Incorporation or Organization) Identification No.) Delaware 16-1241537 345 Court Street, Coraopolis, PA 15108 (Address of Principal Executive ...

DICK'S Sporting Goods, Inc. (NYSE:DKS) Q1 2023 Earnings Conference Call May 23, 2023 10:00 AM ET Company Participants Nate Gilch - Senior Director of Investor Relations Lauren Hobart - President and Chief Executive Officer Navdeep Gupta - Chief Financial Officer Conference Call Participants Simeon Gutman - Morgan Stanley Adrienne Yih - Barclays Robby Ohmes - Bank of America Warren Cheng - Evercore ISI Brian Nagel - Oppenheimer Kate McShane - Goldman Sachs Isabel Thompson - UBS Mike Baker - D.A. Davidson Joh ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended April 29, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File No. 001-31463 | Title of each class | Trading Symbol(s) | Name of Each Exchange on which Registered | | --- | --- | --- | | Common ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 28, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission File No. 001-31463 DICK'S SPORTING GOODS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or ...

DICK'S Sporting Goods, Inc. (NYSE:DKS) Q4 2022 Results Conference Call March 7, 2023 10:00 AM ET Company Participants Nate Gilch - Senior Director, IR Lauren Hobart - President and CEO Navdeep Gupta - CFO Conference Call Participants Simeon Gutman - Morgan Stanley Adrienne Yih - Barclays Robby Ohmes - Bank of America Kate McShane - Goldman Sachs Chris Horvers - JPMorgan Mike Baker - D.A. Davidson Michael Lasser - UBS Brian Nagel - Oppenheimer Warren Cheng - Evercore ISI Paul Lejuez - Citi John Kernan - Cowe ...

DICK'S Sporting Goods, Inc. (NYSE:DKS) Q3 2022 Earnings Conference Call November 22, 2022 10:00 AM ET Company Participants Nathaniel Gilch - Senior Director, IR Lauren Hobart - President, CEO & Director Navdeep Gupta - EVP & CFO Conference Call Participants Simeon Gutman - Morgan Stanley Robert Ohmes - Bank of America Merrill Lynch Katharine McShane - Goldman Sachs Paul Lejuez - Citi John Kernan - Cowen and Company Seth Basham - Wedbush Securities Christopher Horvers - JPMorgan Chase & Co. Michael Lasser - ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended October 29, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File No. 001-31463 DICK'S SPORTING GOODS, INC. (Exact name of registrant as specified in its charter) Delaware 16-1241537 (State or O ...