NYSE: DKS · Annual Shareholder Meeting

hero photograph of a House of Sport store interior with athletes, rock climbing wall or turf field, dramatic lighting

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

Fiscal 2024 · The Headlines

A record year, by every measure.

Net sales crossed $13.44B, comp sales accelerated to +5.2%, and EPS reached an all-time high — all while we kept investing in House of Sport.

Net Sales

$13.44B

+3.5% YoY

vs. $12.98B FY23

Comp Sales

+5.2%

+280 bps

vs. +2.4% FY23

Diluted EPS

$14.05

+11.7% YoY

All-time high

Capital Returned

$702M

+14.1% YoY

Dividends + buybacks

Margin

11.4% non-GAAP EBT margin — above the 11% target

Athletes

30M+ ScoreCard members driving 80% of net sales

Footprint

856 stores, including 19 House of Sport locations

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 · All figures throughout this deck are illustrative and must be verified against official filings before distribution. Guidance assumes the Foot Locker acquisition does not close until late FY25 and excludes any deal-related contributions or integration costs.

A recordyear of play.

A record year, by every measure.

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.

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