DICK’S Sporting Goods, Inc. (NYSE: DKS), a leading omni-channel sporting goods retailer in the U.S., reported its fourth quarter and full-year results for fiscal year 2024. The company has demonstrated a stable rise, with fourth quarter comparable sales increasing by 6.4% on top of a prior year increase of 2.9%, and full-year comparable sales up 5.2%, compared to a 2.6% increase the previous year.

In the fourth quarter, DICK’S achieved consolidated net sales of $3.89 billion, marking a 0.5% increase compared to the same quarter last year, which had net sales of $3.88 billion. This quarter is notable for being the largest sales quarter in the company’s history. For the full year, the retailer’s consolidated sales reached a record-setting $13.44 billion, reflecting a 3.5% increase year-over-year; on a 52-week comparable basis, sales rose 4.9%.

The company’s earnings before taxes (EBT) for the fourth quarter stood at $397.3 million, translating to an EBT margin of 10.2%. This compares with an EBT of $427.7 million and an EBT margin of 11.3% during the same quarter last year. For the full year, EBT was reported at $1.52 billion, yielding an EBT margin of 11.3%, an improvement from the prior year.

Fourth quarter earnings per diluted share (EPS) were $3.62, down from $3.85 in the previous year, largely due to the impact of calendar shifts and an extra week in the prior fiscal year. The full-year EPS was $14.05, an increase of 15% from $12.18 in 2023, and up 9% compared to the non-GAAP EPS of $12.91 that included approximately $0.19 attributable to the extra week.

DICK’S ended the fiscal year with approximately $1.69 billion in cash and no borrowings under its credit facility. The company reported an 18% increase in inventory levels, totaling $3.35 billion, which it believes are well-positioned with clearance levels at historic lows.

For fiscal year 2025, DICK’s anticipates consolidated sales will range from $13.6 billion to $13.9 billion and expects comparable sales growth to fall between 1% to 3%. Guidance for earnings per diluted share for 2025 is set between $13.80 to $14.40, based on approximately 82 million shares outstanding and an expected effective tax rate of about 24%. The company also plans approximately $1 billion in net capital expenditures, focused on strategic investments in its real estate portfolio and enhanced technology.

DICK’S has announced a quarterly dividend increase of 10%, bringing the annualized payout to $4.85 per share, while initiating a new five-year share repurchase program valued at up to $3 billion. This reflects the company’s commitment to returning value to shareholders alongside growth initiatives.