Dick’s Sporting Goods’ comparable store sales dropped by 0.5% in FY22. Credit: Mike Mozart / Flickr (Creative Commons).

US-based sporting goods retailer Dick’s Sporting Goods has reported record full-year net sales of $12.37bn for fiscal 2022 (FY22), up by 0.6% from fiscal 2021 (FY21).

For the 12 months to 28 January, the retailer’s comparable store sales dropped by 0.5%.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Dick’s Sporting Goods registered net income of $1.04bn in FY22, down by 31% from $1.52bn a year earlier, while its income before income taxes accounted for 11.2% of sales for the year.

The company’s earnings per diluted share (EPS) for the 52-week period were $10.78, down by 22% from $13.87 in FY21.

In the fourth quarter (Q4) of FY22, Dick’s Sporting Goods’ net sales grew by 7.3% to $3.59bn, while its comparable store sales rose by 5.3%.

See Also:

The retailer posted a net income of $236m for Q4, down by 32% from $346m a year earlier, while its EPS also dropped by 18% to $2.60 in the quarter.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Its income before income taxes represented 8.9% of its net sales in Q4 2022.

Dick’s Sporting Goods president and CEO Lauren Hobart said: “Our fourth quarter was a strong ending to another strong year.

“We achieved record quarterly sales and our comps grew 5.3% as we continued to gain market share.

“As planned, we continued to address targeted inventory overages, and as a result our inventory is in great shape as we start 2023.

“We couldn’t be more excited about our spring assortment.”

For fiscal 2023 (FY23), Dick’s Sporting Goods expects full-year EPS of between $12.90 and 13.80, as well as comparable store sales from flat to +2.0%.

Last month, the retailer agreed to purchase outdoor retailer Moosejaw.

Hobart added: “Our consistent performance and financial strength position us to increase the rate of investment in our business to fuel long-term growth opportunities, and also return significant capital to shareholders.”