• Home Depot for sports equipment and apparel.
• Best Buy for athletic gear and outdoor recreation.

• Sporting Apparel: A wide range of clothing designed for athletic performance, outdoor activities, and casual wear.
• Athletic Footwear: Specialized shoes for running, training, specific sports, and general athletic use.
• Sports & Fitness Equipment: Gear and apparatus for various sports like golf, baseball, basketball, soccer, and home fitness.
• Outdoor & Recreation Gear: Products for activities such as camping, hiking, fishing, and hunting, including specialized apparel and equipment.
• In-Store Services: Expert services including golf club fittings, tennis racquet stringing, and bike assembly/repair offered at many locations.
• Team Sports Sales: Providing bulk orders of customized uniforms, equipment, and apparel for school and community sports teams.

• Nike, Inc. (NKE)
• adidas AG (ADDYY)
• Under Armour, Inc. (UAA)
• VF Corporation (VFC)
• Columbia Sportswear Company (COLM)

Lauren R. Hobart President & Chief Executive Officer

Lauren R. Hobart is the President and Chief Executive Officer of DICK'S Sporting Goods, a role she assumed in February 2021, becoming the first woman to hold this position for the company. She joined DICK'S in February 2011 as Senior Vice President and Chief Marketing Officer, later holding titles such as Executive Vice President and Chief Customer & Digital Officer, and President. Prior to her tenure at DICK'S, she spent 14 years at PepsiCo in various leadership and marketing roles, including Chief Marketing Officer of Carbonated Soft Drinks in North America. Before PepsiCo, Ms. Hobart worked at Wells Fargo Bank and JP Morgan Chase. She has served on the boards of Sonic Corp (2014-2018) and Yum! Brands (2020-2022), and was appointed to the board of Marriott International, Inc. in 2023.

Navdeep Gupta Executive Vice President, Chief Financial Officer

Navdeep Gupta was appointed Executive Vice President, Chief Financial Officer of DICK'S Sporting Goods, effective October 1, 2021. He initially joined DICK'S in November 2017 as Senior Vice President, Finance & Chief Accounting Officer. Before joining DICK'S, Mr. Gupta spent 11 years at Advance Auto Parts, Inc., where he held various leadership roles, including Senior Vice President of Finance, Chief Audit Executive, Vice President of Finance and Treasurer, and Director of Finance. Earlier in his career, he held management roles at Sprint Nextel and served as a Lieutenant in the Indian Navy. In 2024, Mr. Gupta was appointed to the board of directors of Lowe's Companies, Inc.

Edward W. Stack Executive Chairman

Edward W. Stack is the Executive Chairman of DICK'S Sporting Goods. He served as the company's Chairman and Chief Executive Officer from 1984 until January 2021, when he transitioned to his current role. Mr. Stack and his siblings acquired their father's two small sporting goods stores in upstate New York in 1984. Under his leadership, DICK'S grew significantly, evolving into a Fortune 500 company with over 850 stores, and he led the company's initial public offering in 2002.

Julie Lodge-Jarrett Executive Vice President, Chief People, Purpose & Transformation Officer

Julie Lodge-Jarrett serves as Executive Vice President, Chief People, Purpose & Transformation Officer at DICK'S Sporting Goods. She joined the company in April 2020. Prior to her time at DICK'S, Ms. Lodge-Jarrett spent more than 21 years at Ford Motor Company, where her most recent position was Chief Talent Officer.

Chad Kessler Executive Vice President, Vertical Brands

Chad Kessler holds the position of Executive Vice President, Vertical Brands at DICK'S Sporting Goods.

The key risks to Dick's Sporting Goods (DKS) are:

1. Vulnerability to Macroeconomic Factors and Fluctuations in Consumer Discretionary Spending

Dick's Sporting Goods is highly susceptible to broader economic conditions. Factors such as elevated interest rates, inflationary pressures, and general economic downturns can significantly impact consumer discretionary spending. A decrease in consumer confidence or disposable income directly translates to reduced sales and profitability for the company.

2. Intense Competition and Direct-to-Consumer (D2C) Strategies by Key Brands

The sporting goods industry is highly competitive, with Dick's facing rivals across various retail formats, including traditional, specialty, mass merchants, and online retailers. A significant threat also comes from key vendors, such as Nike, increasingly shifting towards direct-to-consumer (D2C) sales models. This trend can potentially limit the product variety available to Dick's Sporting Goods and challenge its market competitiveness.

3. Supply Chain Disruptions and Operational Challenges

The business is exposed to risks related to disruptions in its global supply chain, distribution, and fulfillment network. These disruptions can lead to delays in receiving merchandise, impact inventory availability, and increase operational costs due to factors like rising shipping expenses, higher raw material prices, and labor shortages. Efficient management of its extensive physical footprint and omnichannel operations also incurs significant selling, general, and administrative expenses, which can weigh on profitability if sales growth does not keep pace.

The accelerated shift by major athletic brands (e.g., Nike, Adidas, Under Armour, Lululemon) to direct-to-consumer (DTC) sales channels, including their own e-commerce platforms and branded physical stores. This strategy directly threatens Dick's Sporting Goods by potentially limiting its access to desirable or exclusive products, diverting customer traffic to brand-owned channels, and increasing competitive pressure from its own suppliers.

Dick's Sporting Goods (DKS) operates within a substantial addressable market primarily within the United States.

The company estimates its total addressable market in the U.S. to be $140 billion, encompassing footwear, apparel, and hardlines. Dick's Sporting Goods currently holds approximately 9% of this market, positioning it as a leading U.S. sporting goods retailer.

Breaking down the market by product category in the U.S.:

• The U.S. footwear market size reached approximately $97.72 billion in 2024 and is projected to grow to around $141.89 billion by 2034. Another estimate places the U.S. footwear market at $94.7 billion in 2024, with an expectation to reach $119.0 billion by 2033.
• The U.S. athletic and sporting goods market size was $35.5 billion in 2024 and is anticipated to reach $60.1 billion by 2032.
• The U.S. activewear market is estimated at $21.4 billion in 2024 and is projected to reach approximately $34.6 billion by 2034. The broader U.S. sportswear market was valued at $49.7 billion in 2024 and is expected to reach $80.9 billion by 2033.

In terms of the overall sporting goods retail sector, the market size for Sporting Goods Stores in the U.S. is estimated at $107.6 billion in 2025.

Dick's Sporting Goods (DKS) is expected to drive future revenue growth over the next 2-3 years through several strategic initiatives:

1. Expansion of Experiential Store Formats: The company is significantly expanding its "House of Sport" and "Field House" experiential store concepts. These larger formats are designed to enhance customer engagement through immersive experiences, attracting more foot traffic, and increasing average transaction values. By the end of fiscal year 2024, there were 19 House of Sport locations, with plans for approximately 16 more in fiscal year 2025. Similarly, Field House concepts are also expanding with around 18 new locations slated for 2025. These stores are projected to generate substantial omnichannel sales and strong profitability.

2. Acceleration of E-commerce and Digital Innovation: Dick's Sporting Goods is making significant investments in its digital platforms to expand its online presence and capture more market share. This includes enhancing its mobile app, investing in speed and convenience for online shopping, and leveraging digital tools like the GameChanger app, which offers features such as AI-powered video analysis for youth sports. These digital initiatives aim to strengthen community engagement and provide valuable resources, thereby boosting overall results in the youth sports market.

3. Differentiated Product Assortment and Strategic Brand Partnerships: The company is focused on offering a wide variety of stylish and in-demand sports products, with a particular emphasis on growing its footwear business. Dick's is investing in marketing and partnering with key brands for major launches. The success of its vertical brands, such as DSG, CALIA, and VRST, which deliver higher margins, also contributes to revenue growth by attracting consumers with new and performance-driven products.

4. Enhanced Omnichannel Athlete Experience: Dick's Sporting Goods is committed to integrating its online and in-store experiences to foster deeper customer engagement and loyalty. By enhancing service levels across both digital and physical channels, the company aims to cater effectively to athletes wherever they are, driving solid athlete engagement and increasing comparable sales. This integrated model is a critical driver, supporting higher spending per visit and broader customer interaction.

Share Repurchases

• On March 10, 2025, Dick's Sporting Goods' Board of Directors authorized a new five-year share repurchase program for up to $3 billion of the company's common stock.
• As of February 1, 2025, $511.5 million remained available under a previous $2 billion share repurchase program authorized in December 2021.
• In fiscal year 2024, the company repurchased 1.3 million shares of common stock at a cost of $268.0 million.

Share Issuance

• The issuance of common stock for fiscal years ending January 2021 to 2025 averaged 24.171 million shares.
• Common stock issuance peaked in January 2021 at 37.623 million shares and reached a 5-year low of 15.205 million shares in February 2024.
• On June 11, 2025, stockholders approved an amendment to increase the number of authorized shares of common and Class B stocks.

Outbound Investments

• Dick's Sporting Goods completed the acquisition of Foot Locker in September 2025, for an equity value of approximately $2.4 billion.
• In May 2025, Dick's Sporting Goods led a $120 million strategic investment in Unrivaled Sports through its corporate venture arm, DSG Ventures, acquiring a minority stake.
• In February 2023, Dick's Sporting Goods acquired Moosejaw from Walmart for an undisclosed amount.

Capital Expenditures

• Gross capital expenditures for fiscal year 2025 (ending February 1, 2025) increased to $802.6 million from $587.4 million in fiscal year 2024.
• Expected net capital expenditures for the full year 2025 are approximately $1 billion.
• Primary focus of capital expenditures includes investments in new and future House of Sport and Field House stores, relocations, technology enhancements, and supply chain improvements, such as the construction of a new regional distribution center.