Dick's Sporting Goods (Dick's Sporting Goods) Gross Margin %

: 34.42% (As of Jan. 2024)

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Gross Margin % is calculated as gross profit divided by its revenue. Dick's Sporting Goods's Gross Profit for the three months ended in Jan. 2024 was $1,334 Mil. Dick's Sporting Goods's Revenue for the three months ended in Jan. 2024 was $3,876 Mil. Therefore, Dick's Sporting Goods's Gross Margin % for the quarter that ended in Jan. 2024 was 34.42%.

The historical rank and industry rank for Dick's Sporting Goods's Gross Margin % or its related term are showing as below:

DKS' s Gross Margin % Range Over the Past 10 Years
Min: 28.9 Med: 30.32 Max: 38.33
Current: 34.92

During the past 13 years, the highest Gross Margin % of Dick's Sporting Goods was 38.33%. The lowest was 28.90%. And the median was 30.32%.

DKS's Gross Margin % is ranked worse than
53.34% of 1093 companies
in the Retail - Cyclical industry
Industry Median: 36.86 vs DKS: 34.92

Dick's Sporting Goods had a gross margin of 34.42% for the quarter that ended in Jan. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Dick's Sporting Goods was 4.80% per year.

Dick's Sporting Goods Gross Margin % Historical Data

The historical data trend for Dick's Sporting Goods's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Dick's Sporting Goods Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Gross Margin %

29.19

31.83

38.33

34.64

34.92

Dick's Sporting Goods Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Gross Margin %																32.42	36.19	34.42	34.89	34.42

Competitive Comparison

For the Specialty Retail subindustry, Dick's Sporting Goods's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Dick's Sporting Goods Gross Margin % Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Dick's Sporting Goods's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Dick's Sporting Goods's Gross Margin % falls into.

Dick's Sporting Goods Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Dick's Sporting Goods's Gross Margin for the fiscal year that ended in Jan. 2024 is calculated as

Gross Margin % (A: Jan. 2024 )	=	Gross Profit (A: Jan. 2024 )	/	Revenue (A: Jan. 2024 )
	=	4533.7	/	12984.399
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(12984.399 - 8450.664)	/	12984.399
	=	34.92 %

Dick's Sporting Goods's Gross Margin for the quarter that ended in Jan. 2024 is calculated as

Gross Margin % (Q: Jan. 2024 )	=	Gross Profit (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	1334.2	/	3876.171
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(3876.171 - 2541.992)	/	3876.171
	=	34.42 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Dick's Sporting Goods (NYSE:DKS) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Dick's Sporting Goods had a gross margin of 34.42% for the quarter that ended in Jan. 2024 => Competition eroding margins

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Dick's Sporting Goods Gross Margin % Related Terms

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Dick's Sporting Goods (Dick's Sporting Goods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Dick's Sporting Goods Inc (NYSE:DKS) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

DSG:Germany DSG:Germany

Address

345 Court Street, Coraopolis, PA, USA, 15108

Website

https://www.dickssportinggoods.com

Dick's Sporting Goods retails athletic apparel, footwear, and equipment for sports. Dick's operates digital platforms, about 725 stores under its namesake brand (including outlet stores), and about 135 specialty stores under the Golf Galaxy, Moosejaw, and Public Lands nameplates. Dick's carries private-label merchandise and national brands such as Nike, The North Face, Under Armour, Callaway Golf, and TaylorMade. Based in the Pittsburgh area, Dick's was founded in 1948 by the father of current executive chairman and controlling shareholder Edward Stack.

Executives

Lawrence J Schorr	director	200 PLAZA DRIVE, VESTAL NY 13850
Vladimir Rak	officer: EVP, Chief Technology Officer	345 COURT STREET, CORAOPOLIS PA 15108
Julie Lodge-jarrett	officer: SVP, Chief People Officer	345 COURT STREET, CORAOPOLIS PA 15108
Larry Jr. Fitzgerald	director	345 COURT STREET, CORAOPOLIS PA 15108
Robert W. Eddy	director	350 CAMPUS DRIVE, MARLBOROUGH MA 01752
William Colombo Trustee U/a Dtd 10/05/2020 Edward W Stack Non-grantor Trust	10 percent owner	345 COURT STREET, CORAOPOLIS PA 15108
William J Colombo	director
Sandeep Mathrani	director
Navdeep Gupta	officer: See Remarks	345 COURT STREET, CORAOPOLIS PA 15108
Hayes John Edward Iii	officer: SVP, General Counsel	345 COURT STREET, CORAOPOLIS PA 15108
Mark J Barrenechea	director	C/O SILICON GRAPHICS INTERNATIONAL CORP, 46600 LANDING PARKWAY, FREMONT CA 94538
Anne Fink	director	345 COURT STREET, CORAOPOLIS PA 15108
Lauren R Hobart	officer: SVP & Chief Marketing Officer	345 COURT STREET, CORAOPOLIS PA 15275
Edward W Stack	director, 10 percent owner, officer: Chairman & CEO	345 COURT STREET, CORAOPOLIS PA 15108
Sliva Raymond A. Jr.	officer: EVP, Stores	345 COURT STREET, CORAOPOLIS PA 15108