Dick's Sporting Goods Inc

DKS: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$864.00	Fykdch	Vwhvggs

Dick’s Sporting Goods Earnings: Smart Game Plan Continues to Bring Wins; Shares Expensive

David Swartz

Sep 4, 2024

Dick’s Sporting Goods continues to shine in a tough sportswear market, posting second-quarter results above our expectations. The firm’s 4.5% same-store sales growth outperformed our 3.5% estimate and the results of most retail peers. Although we rate Dick’s as a no-moat company due to the competitiveness of the sporting goods retail market, we believe its core strategies, including merchandising upgrades, House of Sport, loyalty program, and store remodels, are succeeding.

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