Feed / DKS

DICK'S Sporting Goods, Inc.

DKS

Consumer Cyclical · 133.09 -0.2% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

DICK'S Sporting Goods, Inc.'s current read is isolated; its market group is not confirming.

The latest filing evidence is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

What changed
  • Revenue increased 62.7% versus the comparable filing period.
  • Operating margin fell 2.8 percentage points.
Company-0.2% todayVolume comparison unavailable
Market group0 of 1 activeSporting Goods Retailers · unavailable
Disclosed network0 of 2 confirmingNo filing-linked name is confirming now
What would change this read
  • A $38.1 million IEEPA tariff refund increased gross margin, tied to tariff costs incurred in the prior year.
  • Inventory grew faster than revenue and reached $5.6 billion, making the inventory balance a key operating comparison.

Invalidation: The isolated read changes if DKS's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Consumer Cyclical · Specialty Retail

The latest filing evidence is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

Evidence that supports
  • Revenue increased 62.7% versus the comparable filing period.
  • Net income increased 21.0% versus the comparable filing period.
  • Operating cash flow covered net income at 0.86x, improving versus the comparable period.
Evidence that challenges
  • Operating margin fell 2.8 percentage points.
  • Gross margin fell 4.1 percentage points.
  • Net margin fell 2.1 percentage points.
What would clarify the read
  • A $38.1 million IEEPA tariff refund increased gross margin, tied to tariff costs incurred in the prior year.
  • Inventory grew faster than revenue and reached $5.6 billion, making the inventory balance a key operating comparison.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations327
Usable filing statements107
Verified relationships2
Evidence supporting the case
  • Latest annual revenue changed +28.1% year over year.
  • Operating cash flow covered net income at 1.81x in the latest annual period.
Evidence challenging the case
  • Operating margin changed -4.6 percentage points in the latest annual period.
  • Net margin changed -3.7 percentage points in the latest annual period.
  • Diluted shares increased 2.7% in the latest annual period.
  • Input and raw-material costs has repeated adverse evidence across 4 filings.
  • Supply chain and availability has repeated adverse evidence across 4 filings.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Sep 10, 2026

133.09
6m-31.9%12m-39.6%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2022-01-29$12.3B+28.3%$13.87+18.3%
2023-01-28$12.4B+0.6%$10.78-9.4%
2024-02-03$13.0B+5.0%$12.18-13.4%
2025-02-01$13.4B+3.5%$14.05-3.5%
2026-01-31$17.2B+28.1%$9.97+2.7%

What management says matters

Persistent and emerging business drivers

Input and raw-material costsnegative · 4 filings
Gross profit increased to $3,626.5 million in the current period from $2,516.4 million for the prior year period, but decreased as a percentage of net sales by 316 basis points primarily due to a 339 basis point decrease from lower gross margin in the Foot Lo…
10-Q · Sep 3, 2026
Supply chain and availabilitynegative · 4 filings
This merchandise margin increase was partially offset by higher shipping and supply chain costs and a $41.8 million increase in occupancy costs, which deleveraged 10 basis points as a percentage of net sales.
10-Q · Sep 3, 2026
Credit and interest ratesmixed · 3 filings
Basis Point Change in Percentage of Net Sales from Prior Year 2025-2026 (A) 13 Weeks Ended May 2, 2026 (A) May 3, 2025 (A) Net sales (1) 100.00 % 100.00 % N/A Cost of goods sold, including occupancy and distribution costs (2) 67.41 63.30 411 Gross profit 32.5…
10-Q · Jun 4, 2026
Legal and regulatory exposuremixed · 3 filings
We now expect total net sales of $21.9 billion to $22.2 billion and earnings per diluted share in the range of $10.94 to $11.94, which includes the dilutive impact of the 9.6 million shares issued in connection with the Foot Locker acquisition, approximately…
10-Q · Sep 3, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 0.7× · EV/sales 0.6×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

133.09-0.2% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for DKS. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Earlier comparable assessment · baseline

Fundamentals strengthened in the latest filing

10-Q filed 2026-06-04 against the comparable filing from 2025-06-09.

A newer Struct brief is shown above. This older assessment remains here for comparison, not as the current read.

constructive
OperationsconstructiveEvidence score +2
liquidityconstructiveEvidence score +1
valuationmixed

What improved

  • Revenue increased 62.7% versus the comparable filing period.
  • Net income increased 21.0% versus the comparable filing period.
  • Operating cash flow covered net income at 0.86x, improving versus the comparable period.

What weakened

  • Operating margin fell 2.8 percentage points.
  • Gross margin fell 4.1 percentage points.
  • Net margin fell 2.1 percentage points.

Filing receipts

Gross profit increased to $1,683.3 million in the current quarter from $1,165.1 million for the quarter ended May 3, 2025, but decreased as a percentage of net sales by 411 basis points primarily due to an 83 basis point, or $42.7 million, decrease to write-down and liquidate Foot Locker inventory as part of our Foot Locker acquisition-related charges and 292 basis points from lower gross margin in the Foot Locker Business.

The $19.5 million increase in income compared to the prior year was primarily driven by non-cash losses from a pre-acquisition investment in Foot Locker equity securities of $13.9 million and an $11.4 million expense decrease from changes in our deferred compensation plan investment values driven by performance in equity markets.

Other trends expected in fiscal 2026 for the DICK’S Business are as follows: • We expect higher comparable sales in the first half of 2026, primarily due to the FIFA World Cup.

Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.

Business ecosystem

The relationships behind DKS

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

FDXFedEx CorporationpartnerMar 27, 2026

Additionally, we continue to leverage our omni-channel platform, fulfillment centers and our delivery partnership with FedEx, which have enabled us to provide our athletes with faster delivery times.

GSThe Goldman Sachs Group, Inc.lenderAug 28, 2025

In connection with the Transaction, we entered into a $2.4 billion unsecured bridge loan facility with Goldman Sachs on May 15, 2025.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

DKS is currently a Leader in the organic co-movement group Sporting Goods Retailers. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for DKS; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.