NYSE: DKS · Annual Shareholder Meeting

Fiscal 2024 Shareholder Review

A record
year of play.

$13.44B in net sales, $6.36B in gross profit, and the highest earnings in company history — powered by House of Sport, our athlete loyalty program, and a relentless focus on the experience.

Net Sales

$13.44B

+3.5% YoY

Comp Sales

+5.2%

vs. +2.4% FY23

Diluted EPS

$14.05

+11.7% YoY

Stores

856

19 House of Sport

Dick's Sporting Goods · FY2024 Shareholder Review Section 01 — Year in Review

The scoreboard.

A record-setting fiscal year across every key metric — sales, comps, margin, and shareholder returns. Source: DKS 10-K filed March 2025.

Net Sales

$13.44B

+3.5% vs. $12.98B

All-time high; 53-week year normalized to 52 weeks

Comparable Sales

+5.2%

vs. +2.4% FY23

Driven by transactions and average ticket

Gross Profit

$6.36B

47.3% margin · +51 bps

Merch margin expansion + lower freight

Non-GAAP EBT

$1.53B

11.4% margin

Above 11% target raised mid-year

Diluted EPS (Non-GAAP)

$14.05

+11.7% vs. $12.58

Outperformed initial $11.50–$12.30 guide

Operating Cash Flow

$1.32B

Funded $800M+ capex

House of Sport build-out + tech

Capital Returned

$702M

Dividends + buybacks

$321M dividends · $381M repurchases

Athletes (Loyalty)

30M+

ScoreCard members

~80% of sales from members

Dick's Sporting Goods · FY2024 Shareholder Review Section 02 — Revenue & Comps

Five years of compounding growth.

5-Yr Net Sales CAGR

9.0%

Net Sales ($B) & Comparable Sales (%) · FY2019–FY2024

$8.75

FY19

+3.7%

$9.58

FY20

+9.9%

$12.29

FY21

+26.5%

$12.37

FY22

−0.5%

$12.98

FY23

+2.4%

$13.44

FY24

+5.2%

Comp % shown beneath each bar · 53-week year impact in FY23 normalized

FY24 Comp Decomposition

+5.2%

Transactions +2.9% · average ticket +2.3%. The healthiest comp mix in three years.

eCommerce Sales

~21%

Of total net sales. Buy-online-pickup-in-store now ~40% of digital orders.

House of Sport AUV

$35M+

Average unit volume per House of Sport vs. ~$15M for legacy DSG box.

Dick's Sporting Goods · FY2024 Shareholder Review Section 03 — Profitability

Margin expansion through the cycle.

Gross margin up 51 bps. EPS at an all-time high of $14.05 — a 23% three-year CAGR.

P&L Summary · FY24 vs. FY23 ($M)

Line Item	FY2024	FY2023	Δ
Net Sales	13,444	12,984	+3.5%
Cost of Goods Sold	(7,084)	(6,929)	+2.2%
Gross Profit	6,360	6,055	+5.0%
SG&A	(4,615)	(4,342)	+6.3%
Pre-opening Expense	(50)	(34)	+47%
Income from Operations	1,540	1,485	+3.7%
Interest & Other, net	(8)	(45)	—
Net Income	1,166	1,047	+11.4%

Diluted EPS (Non-GAAP) · FY20–FY24

$5.05

FY20

$15.70

FY21*

$12.04

FY22

$12.58

FY23

$14.05

FY24

3-Yr EPS CAGR

+23%

FY24 Gross Margin

47.3%

Dick's Sporting Goods · FY2024 Shareholder Review Section 04 — Balance Sheet & Capital Returns

A fortress balance sheet — and disciplined returns.

$1.7B in cash, zero senior debt, $702M returned to shareholders. 10% dividend hike announced for FY25.

Balance Sheet (Feb 1, 2025)

Cash & equivalents$1.69B

Inventory, net$3.40B

Total assets$10.4B

Senior debt$0

Convertible notes$1.49B

Stockholders' equity$2.34B

Cash Flow & Investment (FY24)

Operating cash flow$1.32B

Capital expenditures($803M)

Free cash flow$517M

House of Sport capex~$320M

Tech & supply chain~$185M

Inventory turnover2.1×

Capital Returns (FY24)

Total returned to shareholders $702M

$321M dividends · $381M repurchases (3.1M shares)

Annual dividend / share$4.40

FY25 dividend / share$4.85

Buyback auth. remaining$1.2B

Dividend yield (at $220)2.2%

Dick's Sporting Goods · FY2024 Shareholder Review Section 05 — Store Portfolio

The portfolio, by format.

856 stores across all banners as of Feb 1, 2025 — with the experiential formats driving the majority of incremental sales growth.

DSG

Dick's Sporting Goods

Core 50K sq ft format · ~$15M AUV

724

Stores

HoS

House of Sport

100K+ sq ft experiential · ~$35M AUV

19

+9 in FY24

FH

Field House

50K sq ft next-gen DSG format

8

+8 in FY24

G3

Golf Galaxy & Public Lands

Specialty banners

105

Stores

House of Sport · The Growth Engine

2× the
productivity. 3× the engagement.

Rock walls. Batting cages. Outdoor turf fields. Pickleball. House of Sport stores are destinations — not boxes — and the early data is rewriting our store economics.

FY27 Target

75–100

House of Sport locations

Avg Sq Ft

100K+

vs. 50K legacy DSG

Avg Unit Volume

$35M+

vs. ~$15M legacy DSG

FY25 Plan

16+

New HoS openings

Dick's Sporting Goods · FY2024 Shareholder Review Section 06 — Athlete Loyalty & Digital

The Athlete Flywheel

30 million athletes. 80% of sales. One ecosystem.

ScoreCard Active Athletes

30M+

Roughly 80% of our FY24 net sales were tied to a known ScoreCard athlete — among the deepest customer-data positions in U.S. retail.

eCommerce Penetration

~21%

of net sales · BOPIS now ~40% of digital orders

GameChanger Users

6M+

Youth sports platform · subscription-driven, growing 30%+ YoY

Vertical Brand Mix

15%+

CALIA, VRST, DSG, Alpine Design — accretive to gross margin

Dick's Sporting Goods · FY2024 Shareholder Review Section 07 — Strategic Priorities

Five priorities for the next chapter.

How we extend the lead — and where shareholder capital is going to work in FY25 and beyond.

01

Close the Foot Locker acquisition

$2.4B all-cash deal announced May 2025. Adds 2,400+ stores globally and a dominant sneaker-culture position. Expected close H2 2025.

$2.4B

Transaction value

02

Scale House of Sport & Field House

16+ new House of Sport openings planned in FY25; route to 75–100 by 2027. Field House continues as the next-gen DSG conversion blueprint.

75–100

HoS by 2027

03

Deepen athlete loyalty & data

Push ScoreCard membership past 35M. Drive personalization, vendor co-marketing, and elevated lifetime value across the portfolio.

35M

FY25 athletes target

04

Grow vertical brands

CALIA, VRST, DSG, and Alpine Design now ~15% of mix. Higher gross margin, stronger differentiation, and vendor leverage.

15%+

Vertical brand mix

05

Invest in supply chain & tech

~$1B FY25 capex earmarked for fulfillment, RFID rollout, and store-of-the-future systems. Reduces shrink, improves omnichannel speed.

~$1B

FY25 capex

Dick's Sporting Goods · FY2024 Shareholder Review Section 08 — FY2025 Guidance

FY2025 outlook.

Excludes Foot Locker

Net Sales

$13.6–$13.9B

vs. $13.44B FY24

Implies 1.2–3.4% reported growth on a comparable 52-week basis

Comparable Sales

+1.0–+3.0%

vs. +5.2% FY24

Reflects moderating consumer + tougher prior-year comparisons

Non-GAAP EPS

$13.80–$14.40

vs. $14.05 FY24

Modest growth at midpoint; includes ~$0.40 House of Sport pre-opening drag

Capex

~$1.0B

vs. $803M FY24

Accelerated HoS rollout, RFID, and supply chain modernization

NOTE · Guidance assumes the Foot Locker acquisition does not close until late FY25 and excludes any deal-related contributions or integration costs. Updated outlook will follow at deal close.

A recordyear of play.

The scoreboard.

Five years of compounding growth.

Margin expansion through the cycle.

A fortress balance sheet — and disciplined returns.

The portfolio, by format.

2× theproductivity. 3× the engagement.

30 million athletes. 80% of sales. One ecosystem.

Five priorities for the next chapter.

Close the Foot Locker acquisition

Scale House of Sport & Field House

Deepen athlete loyalty & data

Grow vertical brands

Invest in supply chain & tech

FY2025 outlook.

A record
year of play.

2× the
productivity. 3× the engagement.

Board Presentation — presentation by ProductHunt on Burndecks