Short answer
Dick's Sporting Goods Inc (DKS) filed its fiscal 2017 10-K annual report with the SEC on Mar 24, 2017. It reported revenue of $7.9B and net income of $287M.
- Top risk flagged: Firearms litigation exposure: ATF and state-law compliance risks, including background-check lawsuits
FY2017 key financial metrics · XBRL
- Revenue
- $7.9B
- Net income
- $287M
- Operating margin
- 5.7%
- Gross margin
- 29.9%
- EPS (diluted)
- $2.56
- ROE
- 14.9%
- Operating cash flow
- $759M
Source: XBRL data from the Dick's Sporting Goods Inc (DKS) FY2017 10-K on SEC EDGAR. USD.
Dick's Sporting Goods Inc FY2017 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Omni-channel sporting goods retailer, combining specialty-format stores, digital commerce, services and private brands
- Proprietary eCommerce platform launched January 29, 2017, replacing third-party provider and enabling greater customer-data control
- Strategic emphasis on displaced market share, targeting customers and locations left by 2016 competitor bankruptcies
- Dick’s Team Sports HQ expanded as youth-sports digital ecosystem, combining league management, mobile apps, uniforms and sponsorships
- Approximately 14,600 full-time and 25,900 part-time associates as of January 28, 2017
Management Discussion & Analysis
- Revenue $7,922.0M, up 9% YoY from $7,271.0M, same-store sales up 3.5%
- Operating margin 5.68% vs 7.36%, income from operations $449.9M vs $535.2M
- Best segment Dick’s same-store sales up 3.7%, worst Golf Galaxy up 0.2%
- Operating cash flow $759.0M, capex $242M net, buybacks $145.7M, dividends $68.0M
- Fiscal 2017 outlook: $350M net capex, approximately 49 new stores, risk from inventory obsolescence and changing consumer preferences
Risk Factors
- Firearms litigation exposure: ATF and state-law compliance risks, including background-check lawsuits
- Foreign manufacturing exposure: import duties, port constraints, currency shifts, and potential border-adjustment taxation
- Supplier concentration: Nike and Under Armour represented approximately 20% and 12% of fiscal 2016 merchandise purchases
- eCommerce disruption: internally launched platform on January 29, 2017 faces technology interruptions and supply-distribution delays
- Key-person dependency: Edward W. Stack’s loss could materially affect operations after leading the Company since 1984
Generated from the filing text; verify against the original. How to read a 10-K
Other Dick's Sporting Goods Inc annual reports
Ask about this 10-K
Compare years, dig into a risk factor or check the numbers against insider trades and fund holders.