Short answer
Dick's Sporting Goods Inc (DKS) filed its fiscal 2018 10-K annual report with the SEC on Mar 30, 2018. It reported revenue of $8.6B (+8.4% year over year) and net income of $323M.
- Top risk flagged: Firearms litigation and compliance exposure: ATF, state laws, background checks, and improper-use claims
FY2018 key financial metrics · XBRL
- Revenue
- $8.6B
- +8.4% YoY
- Net income
- $323M
- +12.5% YoY
- Operating margin
- 5.6%
- −0.1 pp YoY
- Gross margin
- 29.0%
- −0.9 pp YoY
- EPS (diluted)
- $3.01
- +17.6% YoY
- ROE
- 16.7%
- +1.8 pp YoY
- Operating cash flow
- $746M
- −1.7% YoY
Source: XBRL data from the Dick's Sporting Goods Inc (DKS) FY2018 10-K on SEC EDGAR. USD.
Dick's Sporting Goods Inc FY2018 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Omni-channel sporting goods retailer, combining specialty-format stores, integrated eCommerce, in-store services and owned digital platforms
- New strategic emphasis on customer experience, including Best Price Guarantee, ScoreCard loyalty redesign and personalized digital marketing
- Competitive shift toward capturing displaced market share after Sports Authority and Golfsmith failures, while slowing store expansion
- eCommerce reached 12.4% of total net sales in fiscal 2017, supported by proprietary platform and ship-from-store fulfillment
- Fiscal 2018 plan: approximately 19 new Dick’s stores, four relocations and no new Field & Stream or Golf Galaxy stores
Management Discussion & Analysis
- Net sales $8,590.5M, up 8.4% YoY, with same-store sales down 0.3%
- Operating margin 5.56% vs 5.68%; net margin 3.77% vs 3.63%
- Best category golf and athletic footwear; weakest lodge hunting, electronics and licensed categories
- Operating cash flow $746.3M; capex $372.6M net; buybacks $284.6M; dividends $73.1M
- Fiscal 2018 capex guidance $250.0M net, with approximately 19 new Dick’s stores planned; promotional retail environment remains a risk
Risk Factors
- Firearms litigation and compliance exposure: ATF, state laws, background checks, and improper-use claims
- Nike concentration: approximately 18% of fiscal 2017 merchandise purchases
- Import-cost exposure: foreign manufacturing vulnerable to duties, tariffs, port disruptions, and currency fluctuations
- eCommerce vulnerability: platform launched January 29, 2017, exposed to downtime, cyberattacks, and fulfillment delays
- Leadership concentration: Edward W. Stack and relatives controlled a majority of combined voting power as of February 3, 2018
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.