Short answer
Dick's Sporting Goods Inc (DKS) filed its fiscal 2019 10-K annual report with the SEC on Mar 29, 2019. It reported revenue of $8.4B (−1.8% year over year) and net income of $320M.
- Top risk flagged: Firearms litigation and compliance exposure: ATF and state-law violations, background-check claims, and potential municipal lawsuits
FY2019 key financial metrics · XBRL
- Revenue
- $8.4B
- −1.8% YoY
- Net income
- $320M
- −1.1% YoY
- Operating margin
- 5.3%
- −0.3 pp YoY
- Gross margin
- 28.9%
- −0.1 pp YoY
- EPS (diluted)
- $3.24
- +7.6% YoY
- ROE
- 16.8%
- +0.1 pp YoY
- Operating cash flow
- $713M
- −4.5% YoY
Source: XBRL data from the Dick's Sporting Goods Inc (DKS) FY2019 10-K on SEC EDGAR. USD.
Dick's Sporting Goods Inc FY2019 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Omni-channel sporting goods retailer, combining specialty store-in-store formats, eCommerce, services and youth-sports digital platforms
- New emphasis on faster fulfillment: two eCommerce centers planned in New York and California, targeting majority of orders within two business days
- Strategic shift toward digital marketing, personalization and integrated online-store experiences over traditional advertising
- Private-brand sales reached approximately 14% of net sales in fiscal 2018, up from 12% in 2017 and 10% in 2016
- Fiscal 2019 expansion moderated: approximately seven Dick’s stores and two Golf Galaxy stores planned, with no new Field & Stream stores
Management Discussion & Analysis
- Revenue $8,436.6M, down 1.8% YoY from $8,590.5M, same-store sales down 3.2%
- Net income $319.9M, margin 3.79% vs 3.77%; operating margin 5.27% vs 5.56%
- Best category eCommerce, sales up approximately 17%; worst hunt, outdoor equipment and electronics declines
- Operating cash flow $712.8M; capex $198.2M gross, $170.5M net; dividends $89.3M; buybacks $323.4M
- Fiscal 2019 outlook: capex approximately $230.0M gross, seven Dick’s and two Golf Galaxy openings; risks include challenged hunt demand and retail disruption
Risk Factors
- Firearms litigation and compliance exposure: ATF and state-law violations, background-check claims, and potential municipal lawsuits
- U.S.-China trade tensions: multiple U.S. tariffs on Chinese goods threatening imported merchandise costs and profitability
- Distribution vulnerability: five facilities plus planned California third-party logistics site, with disruptions risking store replenishment and eCommerce fulfillment
- Amazon and vendor-direct competition: real-time smartphone price comparisons and suppliers expanding direct-to-consumer channels
- Nike concentration: approximately 19% of fiscal 2018 merchandise purchases from one vendor
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.