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INVESTOR PRESENTATION AUGUST 2026
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2 Forward - Looking Statements Involving Known and Unknown Risks and Uncertainties This investor presentation contains forward - looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 . Forward - looking statements can be identified as those that may predict, forecast, indicate or imply future results or performance and by forward - looking words such as “believe”, “anticipate”, “expect”, “estimate”, “predict”, “intend”, “plan”, “project”, “goal”, “will”, “will be”, “will continue”, “will result”, “could”, “may”, “might” or any variations of such words or other words with similar meanings . Any statements about DICK’S Sporting Goods, Inc . ’s (“ Company”) plans, objectives, expectations, strategies, beliefs, or future performance or events constitute forward - looking statements . These statements are subject to known and unknown risks, uncertainties, assumptions, estimates, and other important factors that change over time, many of which may be beyond the Company’s control . The Company’s future performance and actual results may differ materially from those expressed or implied in such forward - looking statements . Forward - looking statements should not be relied upon as a prediction of actual results . Forward - looking statements include statements regarding, among other things, the Company's future performance, including our 2026 outlook and guidance and revisions thereto , continued comparable sales growth, and improved gross margin ; our plans to gain market share ; our belief that the U . S . is entering one of the most compelling multi - year periods for sport ; investments in and success of our strategic pillars, including repositioning our real estate and store portfolio and the increase in DICK'S House of Sport, DICK'S Field House and Golf Galaxy Performance Center locations ; accelerating our omni - channel experience and eCommerce business, including investing in technology and marketing, and driving growth in key categories, which includes our differentiated product and optimization of our clearance strategy ; GameChanger's continued strong sales growth in 2026 ; the potential growth opportunity of DICK'S Media Network and our ScoreCard loyalty ecosystem, including the recent launch of ScoreCard+ ; the ongoing impact of the combination of DICK’S Sporting Goods and Foot Locker (the “Transaction ”), including the future financial and operating results and the combined company’s plans, objectives, expectations, intentions, growth strategies and culture and other statements that are not historical facts ; and our ability to return significant capital to shareholders through share repurchases and expected dividends . Factors that could cause actual results to differ materially from those expressed or implied in any forward - looking statements include, but are not limited to, macroeconomic conditions, including inflation, and/or prolonged inflationary pressures, elevated interest rates and recessionary pressures, changes in consumer disposable income and confidence, perception of global economic conditions, including as a result of new and shifting economic policies, geopolitical conflicts and tensions, the threat or outbreak of further conflicts, war, terrorism or public unrest, wage and unemployment levels, consumer debt, and public health concerns ; intense competition in the sporting goods industry and in retail, including competition for talent and the level of competitive promotional activity and technological innovation ; product cost and availability fluctuations due to a variety of factors ; risks and costs inherent with international operations ; our dependence on consumer discretionary spending and ability to predict or effectively react to changes in consumer demand, lifestyle changes or shopping patterns ; risks associated with our vertical brand offerings, including competition, innovation, brand strategy and marketing, improved space in - store, expanding product categories, product safety and labeling, product liability and recalls, third party liability and proprietary rights, and specialty concept stores ; risks related to athlete experiences and associated costs ; our ability to protect the reputation of our Company and our brands ; short - term impacts of our strategic plans and initiatives, or such plans and initiatives not achieving the desired results within the anticipated time frame or at all ; our ability to successfully grow our DICK’S House of Sport, DICK’S Field House and Golf Galaxy Performance Center stores and execute our overall real estate strategy and optimization of our store portfolio for DICK’S and Foot Locker ; potential disruptions in or failures to optimize our global distribution and fulfillment network ; our ability to effectively and efficiently deliver merchandise to our stores and athletes ; unauthorized access to, use or disclosure of sensitive or confidential athlete, teammate, vendor or Company information ; disruptions, delays, downtime or other problems with our information systems, including our eCommerce platform and GameChanger, caused by high volumes, design or implementation deficiencies, or platform enhancements as well as associated disruptions to our operations ; our ability to attract, train, engage and retain athletes and key teammates, to implement effective succession planning strategies, and to adequately respond to teammate organizing efforts ; weather - related risks and seasonal influences resulting from the overall seasonality of certain categories of our business ; our issuance of quarterly cash dividends and share repurchases pursuant to our share repurchase programs, if any ; our ability to effectively control expenses, manage inventory levels and protect against inventory shrink ; the ability of the Foot Locker Business to expand its market share in international markets ; the technology enablement required to support our omni - channel capabilities ; our ability to meet market expectations and the historical and possible future impacts on the price of our common stock ; the influence and control of the holders of our Class B common stock, whose interests may differ from those of our other stockholders ; the potential future issuance of Class B common stock and our charter’s other current anti - takeover provisions, which could prevent or delay a change in control of the Company ; our dependence on key suppliers, distributors, and manufacturers to provide sufficient quantities of quality products in a timely fashion ; risks and costs relating to changing global laws, rules, regulations, interpretations and other guidance affecting our business, including with respect to consumer products, tax, cash repatriation, foreign trade and tariffs, labor, data protection, privacy, eCommerce, AI and machine learning, and other matters ; product safety and labeling concerns ; compliance and litigation risks for which we may not have sufficient insurance or other coverage ; our ability to secure and protect our intellectual property rights and defend claims of intellectual property infringement, including with respect to our vertical brands ; changes in applicable tax laws, regulations and treaties and their interpretation and application ; the effects of the performance of professional sports teams within our core regions of operations and other factors relating to professional sports leagues and key athletes ; the impact of evolving environmental, social and governance standards, regulatory requirements, stakeholder expectations and related political and social dynamics ; risks related to the Transaction, including effective integration of the Foot Locker Business, and other strategic alliances, acquisitions or investments ; obligations and other provisions related to our indebtedness, including our senior notes due 2029 , 2032 and 2052 ; and changes in the market value or liquidity of securities we hold and risks associated with our limited degree of control over certain strategic minority investments . These factors are not necessarily all of the factors that could cause the Company’s actual results, performance or achievements to differ materially from those expressed in or implied by any of the forward - looking statements . Other factors, including unknown or unpredictable factors, also could harm our results . For additional information on these and other factors that could affect the Company's actual results, see the risk factors set forth in the Company's filings with the Securities and Exchange Commission ("SEC"), including the most recent Annual Report on Form 10 - K, filed on March 27 , 2026 , and the Company's other filings with the SEC . The Company disclaims and does not undertake any obligation to update or revise any forward - looking statement in this presentation, except as required by applicable law or regulation . Forward - looking statements included in this presentation are made as of the date of this presentation . Non - GAAP Financial Measures In addition to reporting the Company's financial results in accordance with generally accepted accounting principles ("GAAP"), the Company also reports certain non - GAAP financial measures . These non - GAAP financial measures include non - GAAP gross margin, non - GAAP operating income, non - GAAP operating margin, non - GAAP effective tax rate, non - GAAP net income, non - GAAP earnings per diluted share, net capital expenditures, free cash flow and DICK’S Business non - GAAP basis results, including non - GAAP operating income, non - GAAP operating margin, and non - GAAP earnings per diluted share . Management believes these non - GAAP financial measures provide investors with meaningful supplemental information to assist in evaluating the Company’s ongoing operations and comparing results across reporting periods . Management further believes that excluding non - cash changes in the fair value of deferred compensation plan investments — which fluctuate with market performance and are offset within other income — enhances investors’ understanding of underlying trends in selling, general and administrative expenses . The Company also uses these non - GAAP financial measures internally for budgeting, forecasting and assessing operating performance . These non - GAAP financial measures should be considered in addition to, and not as a substitute for, the Company’s GAAP financial results . Because the methods used by the Company to calculate its non - GAAP measures may differ from those used by other companies, the non - GAAP measures presented herein may not be comparable to similarly titled measures of other companies . Reconciliations of the Company’s non - GAAP financial measures to the most directly comparable GAAP measures are provided below and are available on the Company’s website at investors . DICKS . com .
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3 OUR BELIEF We believe sports have the power to change lives. OUR COMMON PURPOSE We create confidence and excitement by inspiring, supporting, and personally equipping all athletes to achieve their dreams. OUR MISSION We create an inclusive environment where all TEAMMATES can thrive. We create and build leading brands that serve and inspire ATHLETES. We make a lasting impact on COMMUNITIES through sport. We deliver SHAREHOLDER value through growth and relentless improvement. OUR VALUES Together with our Foundation, we have provided over $200 million in grants and sponsorships supporting youth athletes in our communities. We advocate for safer communities and common-sense gun reform and lead by example through our firearms policies. 1948 DICK STACK OPENS THE FIRST STORE IN BINGHAMTON, NY STORES: 1 ED STACK, DICK’S SON, TAKES OVER AS CHAIRMAN & CEO STORES: 2 1984 1999 THE COMPANY CHANGES ITS NAME TO DICK’S SPORTING GOODS, INC AND MAKES ITS FIRST ECOMMERCE SALE STORES: 83 | $728M in Sales DICK’S SPORTING GOODS GOES PUBLIC ON THE NYSE (DKS) STORES: 141 | $1.3B in Sales 2002 DICK’S SPORTING GOODS CELEBRATES ITS 75 TH ANNIVERSARY STORES: 855 | $13.0B in Sales 2023 2004 STORES: 234 | $2.1B in Sales DICK’S SPORTING GOODS ACQUIRES GALYAN’S TO BECOME THE LARGEST U.S. SPORTING GOODS RETAILER 2007 DICK’S SPORTING GOODS ACQUIRES GOLF GALAXY STORES: 434 | $3.9B in Sales 2018 DICK’S SPORTING GOODS TAKES A STAND ON FIREARMS STORES: 858 | $8.4B in Sales 2025 DICK’S SPORTING GOODS ACQUIRES FOOT LOCKER, INC. TO CREATE A GLOBAL LEADER IN THE SPORTS RETAIL INDUSTRY STORES: 3,195 | $17.2B in Sales 2017 STORES: 845 | $8.6B in Sales DICK’S SPORTING GOODS BEGINS TRANSFORMATIONAL JOURNEY NOTE: 2025 sales represent DICK’S Business and Foot Locker Business post - acquisition. 2025 store count excludes Foot Locker lice nsed stores.
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THE DICK’S BUSINESS IS THE LEADING U.S. SPORTS RETAILER, WITH GROWTH AHEAD 4 NATIONAL FOOTPRINT TOTAL ADDRESSABLE MARKET 1 1 DICK’S Bu siness 2025 net sales excluding categories with limited market data / ~$140B Total Addressable Market. Source: Circana and Proprietary Data. NOTE: All figures represent DICK’S Business and exclude Foot Locker Business. MARKET SHARE 1 ~$140B Across Footwear, Apparel, and Hardlines The DICK’S Business gained nearly 50 bps of market share in 2025, collectively driven by our priority categories <10 Stores 10 - 29 Stores 30+ Stores Distribution Center 63 61 50 47 32 42 49 40 66 17 26 25 13 20 15 26 15 11 15 17 15 18 11 14 23 6 6 4 10 5 7 8 6 2 4 5 9 1 1 1 7 3 13 28 4 DC: 1 23 7 DICK’S Sporting Goods: 630 House of Sport: 41 DICK’S Field House: 52 Specialty Concept Stores: 169 892 Total Stores in 47 states and DC 6 Distribution Centers supporting robust omni - channel operations ~9% Representing the l argest among sporting goods retailers
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WITH FOOT LOCKER, WE ARE NOW A LEADING GLOBAL SPORTS RETAILER 5 TOTAL ADDRESSABLE MARKET 1 ~$300B FY25 total addressable global market across the sports retail industry Foot Locker North America Presence DICK’S and Foot Locker North America Presence Foot Locker Asia Pacific Presence Foot Locker Europe Presence 2,423 1 DICK’S Business and Foot Locker Business (excluding Licensed Business) 2025 net sales excluding categories with limited marke t d ata / ~$300B Total Addressable Market. Source: Circana , Euromonitor, and Proprietary Data. 2 Reflects 266 licensed stores operating in the Middle East, Asia, and Europe, which are excluded from external store counts. Foot Locker Licensed Business 2 MARKET SHARE 1 ~6.5% 559 122 892 1,531
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29% 28% 40% 3% Hardlines Apparel Footwear Other FY25 CONSOLIDATED COMPANY SALES: $17.22B 6 FY25 CONSOLIDATED COMPANY SALES BREAKDOWN 3 FY25 DICK’S BUSINESS FINANCIAL HIGHLIGHTS FY25 YoY ∆ Comparable Sales1 4.5% Net Sales $14.11B +5.0% Gross Margin 36.33% +43 bps Non-GAAP Operating Income2 $1.57B +4.7% Non-GAAP Operating Margin2 11.12% (2) bps Non-GAAP EPS2 $14.58 +3.8% 1 Beginning in fiscal 2025, we revised our method for calculating comparable sales to include Warehouse Sale stores. See additional details as furnished in Exhibit 99.2 of the Company’s Current Report on Form 8 - K, filed with the SEC on March 11, 2025. 2 Represents a non - GAAP financial measure. See the appendix for a reconciliation of this measure to the most directly comparable G AAP measure. 3 2025 sales represent DICK’S Business and Foot Locker Business post - acquisition. OUR 2025 DICK’S BUSINESS RESULTS DEMONSTRATE OUR CONTINUED STRONG PERFORMANCE
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7 The 2026 FIFA World Cup, 2028 Los Angeles Olympics, and 2029 Ryder Cup are fueling one of the most compelling multi - year periods for sport and culture in the U.S. THE INTERSECTION OF SPORT AND CULTURE HAS NEVER BEEN STRONGER, AND WE SIT SQUARELY AT THE CENTER
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THE DICK’S BUSINESS HAS DRIVEN STRONG, CONSISTENT PERFORMANCE THROUGH DISCIPLINED EXECUTION OF THESE FOUR STRATEGIC PILLARS 8 ATHLETE EXPERIENCE DIFFERENTIATED PRODUCT BRAND ENGAGEMENT TEAMMATE EXPERIENCE
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ATHLETE EXPERIENCE | REPOSITIONING OUR REAL ESTATE & STORE PORTFOLIO 9 Watch our House of Sport video HERE We are creating the future of retail through House of Sport “Through House of Sport, DICK'S has created a destination that brings fans, trading card collectors, brands, and experiences together in a truly unique way. DICK'S continues to raise the bar for experiential retail , and we see significant opportunities to continue growing our partnership through both merchandise and collectibles.” Michael Rubin Founder & CEO , Fanatics House of Sport is built on four pillars : - Experience - Service - Community - Product We ended FY25 with 35 locations, and plan to open approximately 14 additional in FY26 House of Sport is delivering strong financial performance
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ATHLETE EXPERIENCE | REPOSITIONING OUR REAL ESTATE & STORE PORTFOLIO 10 We are incorporating key House of Sport learnings into our most typical 50K sq ft DICK’S store (“DICK’S Field House”) “With DICK’S Field House, we've taken the most impactful elements of House of Sport and created a format that can scale across the majority of our DICK’S stores . DICK’S Field House gives us the opportunity to redefine sports retail across our chain and bring these experiences, services and products to more athletes and communities.” Ed Stack Executive Chairman , DICK’S Sporting Goods Our DICK’S Field House concept is inspired by House of Sport with a similar elevated assortment, service model, premium experiences and enhanced visual expressions We ended FY25 with 42 locations, and plan to open approximately 20 additional in FY26 DICK’S Field House is also delivering strong financial performance
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ATHLETE EXPERIENCE | REPOSITIONING OUR REAL ESTATE & STORE PORTFOLIO 11 We are growing our Golf Galaxy footprint and enhancing the experience with Performance Center locations Golf Galaxy Performance Centers offer an immersive experience for golf enthusiasts of all levels We ended FY25 with 113 Golf Galaxy locations, including 33 Performance Centers, and plan to open approximately 15 additional Performance Centers in FY26 In 2025, rounds played in the U.S. hit a new record high , supporting our belief that golf is a compelling long - term growth opportunity 1 1 Source: Golf Datatech and the NGF.
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ATHLETE EXPERIENCE | LEVERAGING A POWERFUL OMNI - CHANNEL MODEL 12 We operate an athlete - centric, nimble omni - channel ecosystem that prioritizes convenience for our athletes 90%+ of sales were enabled by stores in FY25 2 80%+ of online orders were fulfilled by stores in FY25 2 1 Omni - channel athletes represent athletes who have made a purchase from our brick - and - mortar or online channel at least once duri ng FY25 and have purchased from the opposite channel at least once in our lifetime data. 2 Includes ship from store, Curbside Pickup and BOPIS. NOTE: All figures represent DICK’S Business and exclude Foot Locker Business. Our fulfillment options provide athletes with desired flexibility: ~ 70 % of FY25 sales came from omni - channel athletes, 1 an increase of more than 1,000 bps since FY19 Omni - channel athletes are our most valuable , spending 2x+ single - channel athletes while leveraging various fulfillment channels Shop In Person We leverage our 800+ store network to capitalize on our proximity to athletes and deliver at speed Industry - Leading Delivery Speed Including Same - Day Delivery One - Hour In - Store or Curbside Pickup We use multiple technologies , including RFID , to drive efficient operations and enhance the athlete experience
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ATHLETE EXPERIENCE | ACCELERATING OUR ECOMMERCE BUSINESS 13 DICKS.COM We have a multibillion - dollar eCommerce business with profitability in line with the overall DICK’S Business Our app is at the center of our omni - channel offering, attracting our best and most loyal athletes While we’ve seen strong eCommerce growth, we see an opportunity to significantly expand our online share We will aggressively invest in technology and marketing to continue enhancing the athlete experience and drive greater consideration for DICKS.com DICK’S APP Loyalty & ScoreCard+ Seasonal Relevancy Back - to - School Shop Cultural Relevancy 2026 NBA Final Champs - NY Knicks MOVE Coach by DICK’S Sporting Goods FIFA World Cup Theming Diamond Bat Launch
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ATHLETE EXPERIENCE | LEADING YOUTH SPORTS TECH WITH GAMECHANGER 14 GameChanger is the premier live streaming, scoring and statistics mobile app for youth sports and a leader in the multibillion - dollar sports technology market Over 1M Teams Created Annually Nearly 10M Games Covered Video Streaming & Automatic Highlight Clips Team Management Scorekeeping Unique Active Users ~10M Over 4M Average Monthly Active Users (MAU) Over 6M Hours of Livestreaming Video We’ve seen close to a 40% sales CAGR since 2017 and expect continued strong sales growth in 2026 Nearly $150M Sales FY25 AT A GLANCE THE OPERATING SYSTEM OF YOUTH SPORTS
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ATHLETE EXPERIENCE | CAPITALIZING ON OUR POWERFUL ATHLETE DATABASE 15 1 Source: Third - party media publishers, platforms, and ad servers. 2 GOLD members included in ScoreCard counts. Data as of year - end 2025. ~8M ~50% Athletes 1 Of Sales 2 ~30M 75%+ Athletes Of Sales We’re leveraging our industry - leading athlete database to drive growth through both DICK’S Media Network and our ScoreCard loyalty ecosystem, including the recent launch of ScoreCard+ With nearly 20 billion impressions 1 , DICK’S Media Network allows brands to tap into the best dataset in youth sports and reach our highly engaged audience of sports fans and families across the entirety of the DICK’S ecosystem OWNED OFFSITE Introduced ScoreCard+, a new paid membership tier, in July 2026 • Expands the ScoreCard loyalty ecosystem • Deepens athlete engagement and lifetime value • Strengthens athlete insights and personalization
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DIFFERENTIATED PRODUCT | OFFERING “THE BEST” FROM NATIONAL BRANDS 16 Key brands provide us with premium product access, driving sustained and robust sales growth ~80% of athletes look to us for a multi - brand experience 1 1 Represents DICK’S Business and excludes Foot Locker Business, athletes who made at least one transaction during FY25 and have pu rchased more than one brand in our lifetime data.
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DIFFERENTIATED PRODUCT | PROVIDING VERTICAL BRANDS, ONLY AT DICK’S 17 We have created a powerhouse vertical brand assortment that resonates well with our athletes ~13% Vertical Brand sales to total in 2025 Our flagship vertical brands, built from whitespace opportunities, include: Higher margin than national brands 700 to 900 bps Combined sales in 2025, making vertical brands our second largest vendor (behind Nike) ~$1.8B Vertical brands are a top three vendor in: Athletic Apparel, Team Sports, Golf , Accessories, Fitness, and Outdoor Equipment 2 ND largest Women’s apparel brand (behind Nike) Premium Men’s apparel brand Largest vertical brand NOTE: All figures represent DICK’S Business and exclude Foot Locker Business.
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BRAND ENGAGEMENT | DEVELOPING A GENUINE RELATIONSHIP WITH OUR ATHLETES 18 Through impactful marketing campaigns, meaningful community engagement and strategic partnerships, we aim to demonstrate the influence of sport to build and deepen our relationship with the athletes we serve For over 75 years, we have been guided by a fundamental belief: Sports have the power to change lives PARTNERSHIP MARKETING COMMUNITY
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TEAMMATE EXPERIENCE | SUPPORTING OUR PEOPLE AND TEAM CULTURE 19 1 Medallia 2026 Annual reporting represents DICK’S Business and excludes Foot Locker Business We win because of our people ~86% of DICK’S Business Teammates recommend DICK’S Sporting Goods as a great place to work +2,070 bps to the U.S. retail industry average 1 2025 DICK’S Business Store Manager Leadership Conference ~60,000 DICK’S BUSINESS TEAMMATES
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IN 2025, WE COMPLETED OUR ACQUISITION OF FOOT LOCKER 20 Core benefits of this acquisition include the ability to: 1. CREATE A GLOBAL PLATFORM WITHIN THE GROWING SPORTS RETAIL INDUSTRY 2. SERVE A BROADER SET OF CONSUMERS ACROSS DIFFERENTIATED CONCEPTS 3. STRENGTHEN RELATIONSHIPS WITH BRAND PARTNERS THROUGH GLOBAL REACH 5. UNLOCK OPERATIONAL EFFICIENCIES THAT CREATE SHAREHOLDER VALUE 4. INVEST IN GROWTH THROUGH AN INDUSTRY - LEADING OMNI - CHANNEL EXPERIENCE
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21 OUR CONVICTION IN THE LONG - TERM OPPORTUNITY WITH FOOT LOCKER REMAINS STRONG We remain confident in achieving the previously announced $100M to $125M in cost synergies over the medium - term Elevating the Assortment Enhancing the product offering and growing the mix of in - demand brands Revitalizing the Stores Driven by our Fast Break initiative and ongoing fleet optimization efforts Reinvigorating the Brand Launched the first major brand campaign in more than a decade, bringing renewed energy to the Foot Locker brand and its position in sneaker culture Investing in Our Team Stripers and Blue Shirts remain central to the customer experience and a key differentiator for the brand We are focused on executing our plan
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22 WE REMAIN HIGHLY CONFIDENT IN THE OPPORTUNITY WITH OUR “FAST BREAK” STORES We have moved quickly to expand our “Fast Break” initiative to additional stores We evolved our initial 11 - store pilot into what we’re calling our “Fast Break” initiative “Fast Break” is built on retail fundamentals : - Clearer storytelling - Better presentation - More curated, focused assortment We surpassed our goal of ~250 “Fast Break” stores globally by back to school, and will continue to expand ahead of the holiday season
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$8.8B $9.6B $12.3B $12.4B $13.0B $13.4B $14.1B FY19 FY20 FY21 FY22 FY23 FY24 FY25 + 61 % SALES GROWTH 23 ~ 7% market share ~ 9% market share 1 1 2023 was a 53 - week year. The extra week during fiscal 2023 generated $170M of net sales. 2 Amount does not recalculate due to rounding. NOTE: All figures represent DICK’S Business and exclude Foot Locker Business. We delivered record sales of $14.1B in FY25, up + 5.0 % v. FY24 Since 2019, we have grown our sales +61% or $5.4B 2 We are innovating within the omni - channel athlete experience , offering a differentiated product assortment, providing a best - in - class teammate experience and driving deep brand engagement 1 2 3 THE DICK’S BUSINESS HAS DRIVEN STRONG SALES GROWTH FOR OVER FIVE YEARS Our disciplined focus on our four strategic pillars has fueled consistent financial performance
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5.22% 1 +28 +343 +328 24 THE DICK’S BUSINESS HAS ACHIEVED SIGNIFICANT OPERATING MARGIN EXPANSION THROUGH DISCIPLINED EXECUTION OF THE FOUR STRATEGIC PILLARS Our operating margin has structurally re - baselined, with further expansion opportunities ahead Non - GAAP gross margin 1 +699 bps • Structurally higher merchandise margin due to a highly differentiated product assortment, more granular pricing management, and merchandise mix benefits • Significant leverage of fixed costs • Improved eCommerce profitability in line with the overall DICK’S Business • DICK’S Media Network expected to become an important driver of long - term gross margin expansion as we scale and optimize the network • Strong expected growth in gross margin - accretive GameChanger business EXISTING & ONGOING DRIVERS EMERGING GROSS MARGIN GROWTH DRIVERS FY19 Merchandise Margin Fixed Cost Leverage Supply Chain SG&A & Pre - opening FY25 11.12% - 109 1 Represents a non - GAAP financial measure. See the appendix for a reconciliation of this measure to the most directly comparable G AAP measure. NOTE: All figures represent DICK’S Business and exclude Foot Locker Business.
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25 We are committed to returning capital to shareholders through our quarterly dividend and opportunistic share repurchases Over the past three years, we have returned approximately $2.4 billion to shareholders, which represents over 100% of free cash flow 1,2 1 All data is representative of FY23 to FY25. 2 T he Company calculates free cash flow as net cash provided by operating activities less capital expenditures. Represents a non - GA AP financial measure. See the appendix for a reconciliation of this measure to the most directly comparable GAAP measure. ~$1.3B Share repurchases ~$1.1B Dividends 2026 marks twelve consecutive years that our shareholders have benefited from a dividend increase $5.00 Expected annualized payout +3% Increase WE CONTINUE TO RETURN SIGNIFICANT CAPITAL TO SHAREHOLDERS
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26 Q2 2026 FINANCIAL PERFORMANCE $5.59B NET SALES Including $1.74 billion - dollar contribution from the Foot Locker Business +4.9% COMPARABLE SALES Reflecting broad - based growth across footwear, apparel, and hardlines, along with increases in average ticket and transactions 1 Represents a non - GAAP financial measure. See the appendix for a reconciliation of this measure to the most directly comparable G AAP measure. 2 Comparable sales for the Foot Locker Business are represented on a proforma basis and are calculated as if Foot Locker had be en acquired at the beginning of the periods presented. Foot Locker will be included in the quarterly comparable store calculation beginning in the fourth quarter of fiscal 2026, which is when these stores will commence their 1 4th full month of operations following the date of acquisition. 8.1% NON - GAAP OPERATING MARGIN 1 7.9% OPERATING MARGIN 12.6% OPERATING MARGIN Compared to 13.0% in Q2 2025 $3.53 NON - GAAP DILUTED EPS 1 Compared to $4.38 in Q2 2025 (3.6%) COMPARABLE SALES 2 Driven by fewer launches and a challenging athletic footwear marketplace ($31.9M) OPERATING LOSS Reflects a challenging promotional environment and our investments in the business, including brand marketing initiatives DICK’S BUSINESS CONSOLIDATED FOOT LOCKER BUSINESS $3.50 DILUTED EPS Compared to $4.71 in Q2 2025 “The DICK'S Business delivered a strong second quarter with broad - based growth across categories. As the quarter progressed, con ditions across portions of the athletic footwear and apparel marketplace became increasingly promotional, and we took action to remain competitively priced to protect and grow our leadership position. This environment had a more significant impact on the Foot Locker Business […]. ” – Ed Stack, Executive Chairman “We're proud of our second quarter performance in the DICK'S Business, where we delivered comp sales growth of 4.9% and gaine d m arket share despite growing pressure across portions of the athletic footwear and apparel marketplace. ” – Lauren Hobart, President and Chief Executive Officer
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27 2026 GUIDANCE AS OF 8/25/2026 1 Represents a non - GAAP financial measure. See the appendix for a reconciliation of this measure to the most directly comparable G AAP measure. 2 Effective tax rate includes the unfavorable mix of our earnings in foreign jurisdictions and the effect of purchase accountin g a djustments, particularly in Europe, where losses do not currently generate a tax benefit due to valuation allowances. 3 Segment profit represents operating income for a respective segment. Corporate and other expenses, which represent costs not sp ecifically related to the recurring operations of our segments, are not included in these results as they are not used by the Company to evaluate segment performance. 4 Comparable sales outlook for the Foot Locker Business is on a proforma basis, as Foot Locker will be included in the quarterl y c omparable store calculation beginning in the fourth quarter of fiscal 2026, which is when these stores will commence their 14th full month of operations following the date of acquisition. CONSOLIDATED BUSINESS NET SALES $21.9B $22.2B to OPERATING INCOME $1.45B $1.55B to FOOT LOCKER BUSINESS • Net sales between $7.4B to $7.5B • Comparable sales 4 between (2.0%) to 0.0% • Segment loss 3 between ($80M) to ($40M) - Representing (1.1%) to (0.5%) of net sales NON - GAAP DILUTED EPS 1 $11.00 $12.00 to Additional Detail • Expect interest expense of approximately $70M and interest income between $20M to $25M • Based on approximately 90M diluted shares outstanding • Based on an effective tax rate of approximately 29% 2 DILUTED EPS $10.94 $11.94 to NON - GAAP OPERATING INCOME 1 $1.46B $1.56B to “[Based on the marketplace pressures we saw in the second quarter], we are taking a more cautious view of the balance of the yea r. While these near - term dynamics have led us to revise our expectations for 2026, our confidence in the long - term opportunities ahead for both DICK'S and Foot Locker rema ins unchanged." – Ed Stack, Executive Chairman DICK’S BUSINESS • Net sales between $14.5B to $14.7B • Comparable sales between +2.5% to +4.0% • Segment profit 3 between $1.54B to $1.60B - Representing 10.6% to 10.9% of net sales
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28 GAAP TO NON - GAAP RECONCILIATIONS NON - GAAP NET INCOME AND EARNINGS PER SHARE RECONCILIATIONS (dollars in thousands, except per share amounts)
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29 GAAP TO NON - GAAP RECONCILIATIONS NON - GAAP NET INCOME AND EARNINGS PER SHARE RECONCILIATIONS (dollars in thousands, except per share amounts)
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30 GAAP TO NON - GAAP RECONCILIATIONS NON - GAAP NET INCOME AND EARNINGS PER SHARE RECONCILIATIONS (dollars in thousands, except per share amounts)
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31 GAAP TO NON - GAAP RECONCILIATIONS NON - GAAP NET INCOME AND EARNINGS PER SHARE RECONCILIATIONS (dollars in thousands, except per share amounts)
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NON - GAAP NET INCOME AND EARNINGS PER SHARE RECONCILIATIONS (dollars in thousands, except per share amounts) 32 GAAP TO NON - GAAP RECONCILIATIONS
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33 FISCAL 2023 NET SALES ADJUSTED FOR THE 53 RD WEEK (in thousands) GAAP TO NON - GAAP RECONCILIATIONS RECONCILIATION OF FREE CASH FLOW (in thousands)
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34 OPERATING INCOME AND EARNINGS PER DILUTED SHARE GUIDANCE (dollar in millions, except per share amounts) GAAP TO NON - GAAP RECONCILIATIONS
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ABOUT DICK’S SPORTING GOODS, INC. ABOUT DICK'S SPORTING GOODS, INC. DICK’S Sporting Goods creates confidence and excitement by inspiring, supporting and personally equipping all athletes to achieve their dreams . Founded in 1948 and headquartered in Pittsburgh, DICK'S is a leading omni - channel retailer and an iconic brand in sport and culture . Its banners include DICK'S Sporting Goods, Golf Galaxy, Public Lands and Going Going Gone! in addition to the experiential retail concepts DICK'S House of Sport and Golf Galaxy Performance Center . As owner and operator of the Foot Locker Business, including Foot Locker, Kids Foot Locker, Champs Sports, WSS and atmos , DICK'S serves the global sneaker community across North America, Europe, Asia and Australia, plus a licensed store presence in Europe, the Middle East and Asia . DICK'S also owns and operates GameChanger, a youth sports mobile platform for live streaming, scheduling, communications and scorekeeping . Driven by its belief that sports have the power to change lives, DICK’S has been a longtime champion for youth sports and, together with its Foundation, has donated millions of dollars to support under - resourced teams and athletes through the Sports Matter program and other community - based initiatives . Additional information about DICK’S business, corporate giving and employment opportunities can be found on dicks . com , investors . dicks . com , sportsmatter . org , dickssportinggoods . jobs and on Instagram , TikTok , Facebook and X . CONTACTS Nate Gilch VP, Investor Relations DICK'S Sporting Goods, Inc. investors@dcsg.com (724) 273 - 3400 Media Relations (724) 273 - 5552 or press@dcsg.com 35 Explore dicks.com outside of the U.S. HERE non - transactional