DICK’S Sporting Goods: Is The Strength in Omnichannel & Field House Formats Here To Stay?

DICK’S Sporting Goods, Inc. reported a robust performance in the third quarter of 2024, showcasing the effectiveness of its long-term strategies. The company delivered a 4.2% increase in comparable-store sales, demonstrating market share gains and solid execution of its omnichannel strategy. This growth was buoyed by a successful back-to-school season, strength in priority categories like footwear, athletic apparel, and team sports, and an expansion in gross margins by 67 basis points, driven by improved merchandise margins. The company’s earnings per share (EPS) came in at $2.75 for the quarter.