#1DICK'S RTING GOODS INVESTOR PRESENTATION MARCH 2024 DICK'S#2CAUTIONARY STATEMENT RELATING TO FORWARD LOOKING INFORMATION 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. These statements are subject to risks and uncertainties and change based on various important factors, 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 by investors as a prediction of actual results. Forward-looking statements include statements regarding, among other things, the Company's future performance and growth opportunities, including our 2024 guidance; our plans and ability to gain market share, including the outdoor category; the increase in House of Sport, Golf Galaxy, Golf Galaxy Performance Center, next-gen 50K locations and other real estate investments; the conversion of 50 more stores to premium full-service footwear decks; our data and technology investments and the impact that they have on our athlete experiences; GameChanger target revenue; our ability to return significant capital to shareholders through share repurchases and the expected increased dividend; our culture and common purpose goals; and investment in our long-term growth strategies. 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 uncertain macroeconomic conditions, including inflation, elevated interest rates and recessionary pressures, adverse changes in consumer disposable income, reinstatement of student loan payments, consumer confidence and perception of economic conditions, including the instability in the banking sector, geopolitical conflicts (including the conflicts in Ukraine and the Middle East) and the threat or outbreak of further conflicts, terrorism or public unrest; changes in consumer discretionary spending; changes in the competitive market and competition amongst retailers and increasing direct competition from vendors; fluctuations in product costs and availability; international risks and costs, including foreign trade issues, currency exchange rate fluctuations, shipment delays and supply chain disruptions and political instability; changes in consumer demand or shopping patterns and the ability to identify new trends and have the right trending products in stores and online; our investments in vertical brand offerings and new specialty concept stores; our investments in GameChanger, our sports technology platform; reputational harm or negative reactions from customers, vendors and stockholders regarding Company policy changes or advocacy efforts related to social and political issues; investments in strategic plans and initiatives not producing the anticipated benefits within the expected time-frame or at all; an ability to execute our real estate strategy and risks associated with the brick and mortar retail store model; risks related to our distribution and fulfillment network; unauthorized disclosure of sensitive or confidential customer information or disruptions or other problems with our information systems, including our eCommerce platform; our ability to hire and retain quality teammates, including store managers and sales associates, increasing labor costs or the loss of key personnel; weather-related risks and seasonality of certain categories of the Company's operations; our ability to protect against inventory shrink; the ability of suppliers, distributors and manufacturers to provide us with sufficient quantities of quality product in a timely fashion; changes in existing tax, labor, foreign trade and other laws and regulations, including those imposing new taxes, surcharges, and tariffs, and compliance with such laws and regulations; product safety and labeling concerns; various types of litigation and other claims and sufficient insurance with respect thereto; our ability to protect our intellectual property rights or claims of infringement by third parties; the performance of professional sports teams and other factors relating to professional sports leagues and key athletes; and the availability of adequate capital; the issuance of quarterly cash dividends and our repurchase activity, if any; and obligations and other provisions related to our indebtedness. 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 filed with the SEC on March 23, 2023 and subsequent quarterly reports on Form 10-Q filed during fiscal 2023. 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 reports certain financial results that differ from what is reported under GAAP. These non- GAAP financial measures include non-GAAP gross margin, non-GAAP EBT, non-GAAP EBT margin, consolidated non-GAAP net income, non-GAAP earnings per diluted share, non-GAAP diluted shares outstanding, net capital expenditures and fiscal 2023 net sales adjusted for the 53rd week, which management believes provides investors with useful supplemental information to evaluate the Company's ongoing operations and to compare with past and future periods. Furthermore, management believes that adjustments related to its deferred compensation plans enables investors to better understand its selling, general and administrative expense trends excluding non-cash changes in our deferred compensation plan investment fair values from market fluctuations that are offset within other income. Additionally, management believes that adjustments related to its Convertible Senior Notes and convertible bond hedge provided a more complete view of the economics of the instruments upon future conversion. Management also uses these non-GAAP measures internally for forecasting, budgeting, and measuring its operating performance. These measures should be viewed as supplementing, and not as an alternative or substitute for, the Company's financial results prepared in accordance with GAAP. The methods used by the Company to calculate its non-GAAP financial measures may differ significantly from methods used by other companies to compute similar measures. As a result, any non-GAAP financial measures presented herein may not be comparable to similar measures provided by other companies. A reconciliation of the Company's non-GAAP measures to the most directly comparable GAAP financial measures are provided below and on the Company's website at investors.DICKS.com. ADDITIONAL NOTE 2023 was a 53-week year and Q4 2023 was a 14-week quarter. The extra week during fiscal 2023 generated $170 million of net sales and earnings per diluted share of $0.19. Full year 2023 and Q4 2023 comparable store sales calculations are presented on a 52-week and 13-week basis, respectively. DICK'S SPORTING GOODS 2#31948 STORES: 1 DICK STACK OPENS THE FIRST STORE IN BINGHAMTON, NY 1999 THE COMPANY CHANGES ITS NAME TO DICK'S SPORTING GOODS, INC AND MAKES ITS FIRST ECOMMERCE SALE STORES: 83 | $728M in Sales 2004 GALYAN'S ACQUISITION MAKES DICK'S THE LARGEST U.S. SPORTING GOODS RETAILER STORES: 234 | $2.1B in Sales 1984 STORES: 2 2002 ED STACK, DICK'S SON, TAKES OVER AS CHAIRMAN & CEO DICK'S SPORTING GOODS GOES PUBLIC ON THE NYSE (DKS) STORES: 141 | $1.3B in Sales -2007 2017 DICK'S SPORTING GOODS BEGINS TRANSFORMATIONAL JOURNEY CLOTHES DICK'S STORES: 845| $8.6B in Sales 2021 ED STACK BECOMES EXECUTIVE CHAIRMAN; LAUREN HOBART BECOMES PRESIDENT & CEO, AFTER 10 YEARS AT THE COMPANY STORES: 861 | $12.3B in Sales DICK'S SPORTING GOODS ACQUIRES GOLF GALAXY STORES: 434 | $3.9B in Sales 2018 HITE WALKERS MINNOWS DICK'S SPORTING GOODS TAKES A STAND ON FIREARMS STORES: 858 | $8.4B in Sales -2023 DICK'S SPORTING GOODS CELEBRATES ITS 75TH ANNIVERSARY AND DELIVERS RECORD SALES OF $13 BILLION STORES: 855 | $13.0B in Sales 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 passionate, skilled and diverse TEAMMATES 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 $190 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. DICK'S SPORTING GOODS 3#4DICK'S SPORTING GOODS SNAPSHOT (NYSE: DKS) NATIONAL FOOTPRINT FY23 FINANCIAL HIGHLIGHTS 855 TOTAL STORES in 47 states and DC DICK'S Sporting Goods: 724 Specialty Concept Stores: 131 FY23 ΥΟΥ Δ 16 Comparable Store Sales (52-week basis) 2.4% 14 12 22 7 1 17 46 Net Sales $12.98B +5.0% 26 3 14 9 49 23 5 22 46 7 37 4 Non-GAAP Gross Margin² 35.01% +36 bps 64 18 20 12 15 33 14 DC:1 38 Non-GAAP EBT2 $1.40B -0.8% 20 12 9 4 5 14 7 14 26 Non-GAAP EBT Margin² 10.80% -63 bps 57 8 57 Non-GAAP EPS2 $12.91 +7.2% <10 Stores 10-29 Stores 30+ Stores OMNICHANNEL IMPACT 1BDM+ TOTAL ATHLETES IN DATABASE DICK'S SPORTING GOODS 12023 was a 53-week year and 04 2023 was a 14-week quarter. The extra week during fiscal 2023 generated $170 million of net sales and earnings per diluted share of $0.19. Full year 2023 and 04 2023 comparable store sales calculations are presented on a 52-week and 13-week basis, respectively. 2Represents a non-GAAP financial measure. See the appendix for a reconciliation of this measure to the most directly comparable GAAP measure. FY23 SALES BREAKDOWN -80% of eCommerce sales fulfilled by stores 3% 13% 70%+ Mobile penetration of eCommerce Sales 26% 38% Nearly Category Brand New athletes in 2023 7M Over 25M Active Score Card Members 33% Nearly of U.S. population Two-thirds captured by our store trade areas ■ Hardlines ■ Apparel 87% ■ National Brands ■ Vertical Brands ■ Footwear ■ Other#5WE HAVE A TALENTED AND EXPERIENCED LEADERSHIP TEAM ED STACK Executive Chairman 1984 LAUREN HOBART President & CEO 2011 NAVDEEP GUPTA EVP Chief Financial Officer 2017 CHAD KESSLER EVP Vertical Brands 2022 SAMEER AHUJA President, GameChanger, SVP - DICK'S Sporting Goods 2017 ELIZABETH BARAN SVP General Counsel & Corporate Secretary 2010 VINCENT CORNO SVP Real Estate 2021 STEVE MILLER SVP Hardlines Merchandising 2019 TONI ROELLER SVP In-Store Environment, Visual Merchandising & House of Sport 2014 EMILY SILVER SVP - Chief Marketing Officer 2023 DICK'S SPORTING GOODS JULIE LODGE-JARRETT EVP Chief People & Purpose Officer 2020 VLAD RAK EVP Chief Technology Officer 2020 RAY SLIVA EVP Stores 2023 CARRIE GUFFEY SVP Softlines Merchandising 2002 DENISE KARKOS SVP Chief eCommerce Officer 2023 TODD SPALETTO President, Outdoor Group, DICK'S Sporting Goods 2020 SVP WILL SWISHER SVP - Planning, Allocation & Replenishment, Pricing and Value Chain 1999 SEAN WHITEHOUSE - SVP Supply Chain 2022 сл 5#6WE ARE A GROWTH COMPANY MARKET OPPORTUNITY HOW WE WILL WIN WE ARE THE LARGEST U.S. OMNICHANNEL SPORTS RETAILER WITH GROWTH AHEAD ROBUST FINANCIAL PERFORMANCE & PROFILE $140B TOTAL ADDRESSABLE MARKET' Across Footwear, Apparel and Hardlines 8.5% MARKET SHARE¹ Largest among sporting goods retailers INCREASED ~50BPS FROM 8% IN 2022 We gained significant market share over the last year, collectively driven by our priority categories: Footwear, Athletic Apparel, Team Sports, and Golf DICK'S SPORTING GOODS DKS 2023 net sales excluding categories with limited market data/$140B Total Addressable Market. Source: Circana and Proprietary Data. 6#7WE ARE A GROWTH COMPANY MARKET HOW WE OPPORTUNITY WILL WIN DICK'S SPORTING GOODS ROBUST FINANCIAL PERFORMANCE & PROFILE WE ARE ACTIVELY CREATING OUR FUTURE THROUGH FOUR STRATEGIC PILLARS DIFFERENTIATED PRODUCT BRAND ENGAGEMENT TEAMMATE EXPERIENCE OPEN HALL OF FAMER SIGK *** ALL STAR SPORT *** PRO Congratulations *** STARTER ANGELO DICK'S THER'S BEATY BUR E INSPIRE COLLECTION by CALIA™ LOCKH ATHLETE EXPERIENCE EVERY SEASON STARTS AT DICK'SA SPORTING GOODS Search l Dias Q Find Products SHOP BY 9:35 PM 54% Shop all > Sports Footwear Apparel Outdoor Outerwear Fan Shop 7#8STRENGTHENING AND EVOLVING ¦ OUR BASE MARKET HOW WE OPPORTUNITY WILL WIN ROBUST FINANCIAL PERFORMANCE & PROFILE BASEBALL WE ARE REIMAGINING THE ATHLETE EXPERIENCE AT DICK'S VISUAL PRESENTATION HOUSE O CLEATS SOCCER HCKA H ENHANCED SERVICE MEN'S RUNNING WOMEN'S RUNNING RUN AMBASSADORS DICK'S A DICK'S QFind Products SHOP BY 9:35 PM Shop all > Sports Footwear HOW TO BUY RUNNING SHOES Chat Outdoor SWING AWAY TO FIND YOUR FIT. IN-STORE TECHNOLOGY THE CAGE STEP INSIDE THE CAGE Outerwear DICK'S SPORTING GOODS HITTRAY ads Originals Women's NM Shoes ShoeRunner Select an available size and color 8#9STRENGTHENING AND EVOLVING OUR BASE MARKET OPPORTUNITY HOW WE WILL WIN ROBUST FINANCIAL PERFORMANCE & PROFILE DICK'S SPORTING GOODS WE ARE CREATING THE FUTURE OF RETAIL THROUGH HOUSE OF SPORT EXPERIENCE HOUSE OF SPORT THROUGH OUR LATEST VIDEO FOUND HERE GIVE THE GIFT HOUSE OF SPORT IS BUILT ON FOUR PILLARS: Experience - Service HO SPERTS STRETCH HOUSES SPORT Community Product We ended 2023 with 12 locations, and plan to open eight additional in 2024 We plan to have as many as 75 to 100 House of Sport locations by 2027 "I was blown away at the store's [House of Sport's] unique service model, interactive sport experience, and enhanced showcasing of product, which creates a true destination for consumers. and will alter future expectations at retail." John Donahoe, President and CEO of NIKE, Inc. (NIKE, Inc. 02 2022 Earnings Call - 12/20/2021)#10STRENGTHENING AND EVOLVING OUR BASE MARKET OPPORTUNITY HOW WE WILL WIN ROBUST FINANCIAL PERFORMANCE & PROFILE DICK'S SPORTING GOODS WE ARE REVOLUTIONIZING OUR MOST TYPICAL 50,000 SQUARE FOOT DICK'S STORE "Our newest DICK'S concepts, DICK'S House of Sport and our next generation 50,000 square foot DICK'S store, are yielding powerful results. We haven't seen growth opportunities like these since we went public in the early 2000s." Ed Stack, Executive Chairman (DICK'S 02 2023 Earnings Release, 8/22/2023] FOOTBALL HOUSE OF CLEATS SPORTS HAN 22 ORL SOCCER Our next generation 50K DICK'S format is inspired by House of Sport with a similar elevated assortment, service model, premium experiences and enhanced visual expressions We ended 2023 with 11 locations, and plan to open 16 additional in 2024 HI HHI 10#11STRENGTHENING AND EVOLVING OUR BASE MARKET ROBUST FINANCIAL OPPORTUNITY HOW WE WILL WIN PERFORMANCE & PROFILE WE EXPECT OUR INVESTMENTS IN HOUSE OF SPORT AND NEXT GENERATION 50K SQ FT DICK'S STORES TO GENERATE STRONG RETURNS DICK'S HOUSE OF SPORT ~120,000 sq ft DICK'S NEXT GENERATION 50K ~50,000 sq ft $35M Returns Cash on Cash Return: ~35% Payback Period: 3 years Cash on Cash Return: ~65% Payback Period: <2 years $7M (~20% of sales) Y1 Omni Sales Y1 4-Wall Omni EBITDA $14M $3M (~20% of sales) DICK'S SPORTING GOODS Investment Summary Net CapEx: $11.5M Net Inventory: $3.5M Pre-Opening: $3.5M | Net CapEx: $2.5M Net Inventory: $1.5M Pre-Opening: $0.5M Return metrics based on traditional lease deal structure and may vary based on financing method Sales figures are gross (i.e., before any expected cannibalization on other existing stores] House of Sport Gross CapEx is $26.5M; Next Generation 50K Gross CapEx is $8.5M 11#12STRENGTHENING AND EVOLVING OUR BASE MARKET D HOW WE OPPORTUNITY WILL WIN ROBUST FINANCIAL PERFORMANCE & PROFILE DICK'S SPORTING GOODS WE RE-ENGINEERED GOLF GALAXY & LAUNCHED GOLF GALAXY PERFORMANCE CENTER WE ENDED 2023 WITH 104 GOLF GALAXY LOCATIONS, INCLUDING 14 PERFORMANCE CENTERS. BY 2027, WE EXPECT TO HAVE APPROXIMATELY 40 TO 50 GOLF GALAXY PERFORMANCE CENTERS. INVESTED IN TRACKMAN TECHNOLOGY ELEVATED IN-STORE SERVICE MODEL E REDESIGNED IN-STORE EXPERIENCE PERFORMANCE CENTER EPIC Callaway aylorMade 12#13INCUBATING AND GROWING NEW CONCEPTS MARKET HOW WE ROBUST FINANCIAL PERFORMANCE OPPORTUNITY WILL WIN WE HAVE SIGNIFICANT OPPORTUNITY TO GAIN MARKET SHARE IN THE OUTDOOR CATEGORY PUBLIC LANDS Moosejaw Large, fragmented $40 billion industry Integrated the operations of Moosejaw into Public Lands to enhance our ability to fulfill outdoor athlete demand more effectively Focused on serving the outdoor athlete across key categories such as bike, hike, paddle and camp, with expert teammates to provide equipment services and lead community events DICK'S SPORTING GOODS & PROFILE FLY SH 13#14INCUBATING AND GROWING NEW CONCEPTS WE ARE BUILDING THE FIRST AND BEST PLACE TO EXPERIENCE YOUTH SPORTS GAMECHANGER IS THE PREMIER LIVE STREAMING, SCORING AND STATISTICS MOBILE APP FOR YOUTH SPORTS, AND A LEADER IN THE MULTIBILLION-DOLLAR SPORTS TECHNOLOGY MARKET FY23 AT A GLANCE THE OPERATING SYSTEM OF YOUTH SPORTS Over Martyn Brancos 2 3 2-1 3 New City Frogne 35% Revenue CAGR since 2017 Share Cip Games Covered 7M Video Streaming & Automatic Highlight Clips Over IM Teams Created ROBUST FINANCIAL MARKET OPPORTUNITY HOW WE WILL WIN PERFORMANCE & PROFILE 3.1M Hours of Video GC GAMECHANGER DICK'S SPORTING GOODS Scorekeeping 110M Automatic Highlight Clips Created Official multi-year partner of MLB to grow diamond sports Game vs. Allentown Tigers 4:30 PM, 5:00 Aden is going P 14 COACH MORE, MANAGE LESS. Team Management AS A RECURRING REVENUE, SOFTWARE-AS-A-SERVICE PLATFORM, GAMECHANGER IS TARGETING $100M OF SALES IN 2024 14#15INCUBATING AND GROWING NEW CONCEPTS ☐ MARKET HOW WE OPPORTUNITY WILL WIN DICK'S SPORTING GOODS WE ARE OPTIMIZING OUR CLEARANCE STRATEGY AND SERVING THE VALUE ATHLETE GOING GOING GONE! BY DICK'S SPORTING GOODS NOW OPEN TOP SCORE NEW INCREDIBLE FINDS Stay motivated this year with #TopScore style MEN'S WOMEN'S GOING GOING GONE! KIDS ROBUST FINANCIAL PERFORMANCE & PROFILE Going, Going, Gone! and Warehouse Sale stores meaningfully improve clearance optimization Consolidates clearance inventory and allows for omnichannel sales opportunity GOING GOING GONE! BY DICK'S SPORTING GOODS SCORE Top 15#16DEEPENING BRAND RELATIONSHIPS AND DIFFERENTIATED PRODUCT MARKET HOW WE OPPORTUNITY WILL WIN ROBUST FINANCIAL PERFORMANCE & PROFILE WE HAVE A POWERFUL PRODUCT STRATEGY STRONG PARTNERSHIPS WITH INDUSTRY LEADING BRANDS THE NORTH YETI Callaway adidas MOOLAH FACE 8 UNDER ARMOUR HOKA carhartt BROOKS ❖Columbia lotto jaylorMade POWERHOUSE VERTICAL BRAND ASSORTMENT 7 TOP FLITE DSG patagonia A CALIA™ со VRST ЦЯ QUEST fromovement Titleist MAXFLI A chubbies FJ FOOTJOY DESIGN Walter Hagen Wilson STANLEY NAEIL Tommy Armour. Monarch PICKLEBALL ALPINE FITNESS GEAR ETHOS crocs™ PING marucci VANS travis Mather B PELOTON BRUCE BOLT BIRKENSTOCK: NordicTrack Rawlings APPROXIMATELY 80% OF ACTIVE ATHLETES LOOK TO DICK'S FOR A MULTI-BRANDED EXPERIENCE DICK'S SPORTING GOODS 16#17OUR ACCESS TO PREMIUM PRODUCT IS BETTER THAN EVER JORDAN DEEPENING BRAND RELATIONSHIPS AND DIFFERENTIATED PRODUCT We have transformed our footwear assortment through enhanced access to narrowly distributed product, driving higher sales and profitability We will add approximately 50 premium full-service footwear decks in 2024, taking this elevated athlete experience to nearly 90% of our DICK'S locations MARKET HOW WE OPPORTUNITY WILL WIN DICK'S SPORTING GOODS ROBUST FINANCIAL PERFORMANCE & PROFILE 8039 HOKA HOKA 17 AAL#18WE HAVE CREATED POWERHOUSE VERTICAL BRANDS Vertical Brand sales to total in 2023 600 to 800 bps $1.6B Higher margin than national brands Combined sales in 2023, making vertical brands our second largest vendor DEEPENING BRAND RELATIONSHIPS AND DIFFERENTIATED PRODUCT 13% VERTICAL BRANDS ARE OUR NUMBER ONE VENDOR IN: DSG TECHORI BRAND SEGMENTATION ADDRESSES WHITESPACE OPPORTUNITY ▸ GOLF ROBUST FINANCIAL DSG Largest brand vertical MARKET OPPORTUNITY HOW WE WILL WIN PERFORMANCE & PROFILE ▸ TEAM SPORTS CALIA™ со 2ND largest Women's apparel brand ▸ FITNESS CALIA VRST W (behind Nike) VRST W Premium Men's apparel brand DICK'S SPORTING GOODS 18#19WORLD-CLASS OMNICHANNEL OPERATING MODEL WE HAVE AN ATHLETE-CENTRIC AND NIMBLE OMNICHANNEL OPERATING MODEL WE SERVE THE ATHLETE WHENEVER, WHEREVER, AND HOWEVER THEY WANT... DICK'S DICK'S Shop In Person at Our 800+ Stores One-Hour In-Store or Curbside Pickup Traditional Delivery or Same-Day Delivery Options ...AND INVEST IN TECHNOLOGY TO ENHANCE FULFILLMENT CAPABILITIES AND DRIVE PROFITABILITY Strategic delivery partnership with FedEx as well as an integrated same-day/local delivery partnership with DoorDash ROBUST FINANCIAL 1 MARKET HOW WE OPPORTUNITY PERFORMANCE WILL WIN & PROFILE DICK'S SPORTING GOODS DICK'S 2 Highly automated, robotics-enabled AutoStore fulfillment center in Conklin, NY ON 011 Bastian 3 Store technology and operational excellence to improve BOPIS/Curbside efficiency 19#20WORLD-CLASS OMNICHANNEL OPERATING MODEL MARKET OPPORTUNITY HOW WE WILL WIN ROBUST FINANCIAL PERFORMANCE & PROFILE STORES ARE THE HUB OF OUR OMNICHANNEL ECOSYSTEM FULFILLMENT 90%+ of sales enabled by stores in FY23 ~80% of online orders fulfilled through store network in FY232 POWERFUL, INTEGRATED EXPERIENCE Over 65% of FY23 sales from omnichannel athletes' LES INCREASED OVER 500 BPS SINCE 2019 Omnichannel athletes are our most valuable, spending 2x+ single- channel athletes DICK'S SPORTING GOODS Omnichannel athletes represent athletes who have purchased in both brick-and-mortar stores and online. Includes ship from store, Curbside Pickup and BOPIS. 20 20#21WORLD-CLASS OMNICHANNEL OPERATING MODEL MARKET HOW WE OPPORTUNITY WILL WIN ROBUST FINANCIAL PERFORMANCE & PROFILE SERVICE AND PRODUCT EXPERTISE ARE KEY DIFFERENTIATORS IN STORE PRODUCT TRIAL & EXPERIENCE Try product through Premium Full-Service Footwear decks, House of Cleats, HitTrax batting cages, soccer shops and golf simulators Fast, reliable equipment services gear up any athlete for their game TEAMMATE EXPERTISE Passionate teammates with category expertise provide thoughtful service and recommendations Teammates use their expertise to guide head-to-toe merchandising, outfitting athletes with the hottest styles of the season DICK'S HitTrax DICK'S SPORTING GOODS 21#22WE HAVE A ROBUST DIGITAL EXPERIENCE THAT IS CONTINUALLY TRANSFORMING Multibillion dollar and growing 9:41 三の WORLD-CLASS OMNICHANNEL OPERATING MODEL MARKET HOW WE OPPORTUNITY WILL WIN ROBUST FINANCIAL PERFORMANCE & PROFILE 1 eCommerce business with profitability in-line with total company EBT margin Leading-edge website with 2 enhanced performance, testing, and personalization capabilities 3 4 Improved fulfillment capabilities, with faster shipping, same-day delivery, and sustained adoption of curbside & in-store pickup Significant mobile app growth with a focus on loyalty, exclusive product, and personalized omni- experiences SCORECARD Naomi Reynolds ပ 210 of 300 Points Rewards & Offers $10 $10 Reward Shopping 3X POINTS 3x Points Orders Favorites My Store Personal Information Name, email, and phone number Manage Addresses ScoreRewards Credit Card D DJ: ㅁㅁ 口罩 9:41 $210 Hi Naomi of $500 Spe Shop Discover Robin ฟฟฟร Q Search Products My Store Air Jordan 6 Retro Air Jordan 6 Retro 'Yellow Ochre' Online & In-Store Reservations Are Now Open Enter Draw T Shop by Category > Shop Cart Account MOVE Sports Mens Womens Kids My ScoreCard DJ: + Shop Cart Account MOVE Add DICK'S SPORTING GOODS 222 22#23FO DATA-POWERED TECHNOLOGY COMPANY MARKET HOW WE OPPORTUNITY WILL WIN OUR ATHLETE DATABASE AND LOYALTY PROGRAM ARE POWERFUL ASSETS ACQUIRED 20M+ NEW ATHLETES OVER THE PAST THREE YEARS WE ARE INVESTING IN PERSONALIZATION AND LEVERAGING OUR ROBUST ATHLETE DATABASE TO BUILD 1:1 RELATIONSHIPS ACROSS CHANNELS ROBUST FINANCIAL PERFORMANCE & PROFILE BIM+ Total Athletes in database Representing 80%+ of Sales e UNIKE DICK'S SPORTING GOODS Basketball 'GOLD members included in ScoreCard counts. Data as of year-end 2023. SCORECARD GOLF DICK'S GALAXY SCORECARD GOLD GOLF DICK'S GALAXY 25M+ 70%+ 7M+ 45%+ Athletes Of Sales Athletes' Of Sales 23#24FO DATA-POWERED TECHNOLOGY COMPANY MARKET HOW WE OPPORTUNITY WILL WIN ROBUST FINANCIAL PERFORMANCE & PROFILE e UNIKE DICK'S SPORTING GOODS Basketball OUR DATA AND TECHNOLOGY ENABLES BETTER ATHLETE EXPERIENCES TRACKMAN SIMULATOR SHOERUNNER KIOSK Nike Men's Air Zoom Pegasus 37 Running Shoes Shoe Runner Select the size and color for available shoe(s) you would like to try on IN-STORE TECHNOLOGY To create better experiences and instill purchase confidence Product Details AA HITTRAX BATTING CAGE 78.2 96.6 213.7 356.3 DICK'S SPORTING GOODS EXIT VELOCITY DISTANCE AB 20.4 429 833 333 YOUR BATS DEMARINE 34 IN/3102 2017 RAWLINGS VELO BBCOR 34 IN RAID, 33 IN/3002 2017 MANUOD EAT BBCOR 34 2017 EASTON ZCORE HYBRID CUR, 34 IN HitTrax 004 2930336 775 773 053 2301 350.3 2287 3345 2274 345.1 105.7 2155 Scat Shoe Improve our speed to athletes with optimized AI & MACHINE LEARNING 1 order routing 2 Tailored marketing offers and content in the channels our athletes prefer To better serve our athletes 3 Intelligence to improve in-stocks and merchandise availability 24#25DICK DICK'S DICK'S 17 DICK WE WIN BECAUSE OF OUR PEOPLE AND CULTURE OF RECOGNITION 84% Recommend DICK'S Sporting Goods as a great place to work +795 BPS to U.S. Retail Industry Average SOURCE: Qualtrics 2021 reporting CULTURE AND COMMON PURPOSE #StrongerWithSport ROBUST FINANCIAL PERFORMANCE 86% I FEEL GOOD ABOUT THE WAYS WE CONTRIBUTE TO THE COMMUNITY Great Place To WorkⓇ Certified MAR 2023-MAR 2024 USA 2023 66 AM SITIV WE'RE CELEBRATING 50,000+ TEAMMATES NATIONWIDE 398 UIO VALLEY NATIONAL GIRLS AND WOMEN IN SPORTS DAY THE COMPANY CONTINUES TO FOCUS ON ITS PEOPLE AND LIVING UP TO ITS MISSION. GLASSDOOR REVIEW ONE TEAM WEDNESDAY FOR THE PAST THREE YEARS, DICK'S HAS BEEN CERTIFIED AS A GREAT PLACE TO WORK AND HAS BEEN NAMED ONE OF FORTUNE'S BEST WORKPLACES IN RETAIL MARKET OPPORTUNITY HOW WE WILL WIN & PROFILE DICK'S SPORTING GOODS 225#26DICK DICK'S DICK'S 17 CULTURE AND COMMON PURPOSE MARKET OPPORTUNITY HOW WE WILL WIN DICK'S SPORTING GOODS DIC WE ALWAYS STRIVE TO DO THE RIGHT THING OUR ATHLETES Dick's Sporting Goods Announces 2020 Women's Initiative Michael LoRe Cantor EVERY SEASON START yahoo/sports Dick's Sporting Goods uses sports bra history lesson to talk about the needs of the modern female athlete President Lauren Hobart talks about how the retailer is backing up campaign with new grants and partnerships with US Soccer Foundation and USA Softball. PC Dick's Sporting Goods is now selling a limited edition collection of official Negro Leagues baseball gear Fans longing to sport official Negro Leagues baseball gear now have the opportunity to do so, thanks to Dick's Sporting Goods. The retail giant unveiled a limited edition collection of retro merchandise featuring tees, hoodies and pennants from select franchises like the Kansas City Monarchs, New York Black Yankees, Detroit Stars and Cleveland Buckeyes. OUR COMMUNITIES DICK'S SPORTS MÅTTER SPORTING GOODS. FOUNDATION UNITED & UNITED HELP SAVE YOUTH SPORTS MATTER SFAMILY FOUNDATION DOLLARS $1,000,000 THE DICK'S SPORTING GOODS FOUNDATION 75FOR75 DICK'S SPORTS MATTER HELP SAVE YOUTH SPORTS LICE ROBUST FINANCIAL PERFORMANCE & PROFILE OUR BELIEFS DICK'S Sporting Goods DICK'S 138,709 followers 22h Edited 0 "We are proud to partner with Open to All and stand with other businesses so we can continue to strengthen our communities and create spaces where everyone feels safe, welcome and respected." -Lauren Hobart, DICK'S Sporting Goods President and CEO #opentoall #dsglife DICK'S Sporting Goods DICK'S 138,775 followers 2w-O As a proud partner of the Conso Retail Bag, we're thrilled to shan is on its way to reducing the nee bags. Congratulations to the nin ELIMINATE .... Challenge Winners! Selected fre SINGLE-USE. submissions, these reuse and re technologies and innovative mat POINT-OF-SALE alternatives to the single-use pli a more sustainable future for the PLASTIC BAGS more about each of the winners 3p4FePe IN ALL STORES BY 2025 https://lnkd.in alt Dick's Sporting Goods Names New Board Members By Thad Rueter-09/22/2020 Get great content like this right in your inbox Subscribe We #0 Dick's Sporting Goods has added two people to its board of directors, the retail chain said Tuesday DICK'S Joining the board are Sandeep Mathrani, CEO of WeWork, and Desiree Ralls-Morrison, the senior vice president, general counsel and corporate secretary at Boston Scientific Co. Dick's said that Vincent Byrd and Allen Weiss have stepped down from its board, after a combined nearly 17 OUR ADVOCACY DICK'S TAKES A STAND DICK'S BREAKING NEWS DICK'S SPORTING GOODS ENDS GUN SALES TO ANYONE UNDER 21 25 26#27DICK DICK'S DICK'S 17 CULTURE AND COMMON PURPOSE MARKET OPPORTUNITY HOW WE WILL WIN DIC WE ARE DRIVING MEANINGFUL CHANGE LEVELING THE 2 CLEARING HURDLES PLAYING FIELD 3 RAISING THE BAR 4 PROTECTING OUR HOME COURT ROBUST FINANCIAL PERFORMANCE & PROFILE 100% Median gender pay ratio maintained By 2025 Increase BIPOC representation in leadership roles by 30% OUR 2022 ACHIEVEMENTS 1.6M Young people from under- resourced communities provided the opportunity to play since 2019 By 2024 78% Of select, in-scope Tier 1 owned vertical brand vendors provided third-party verified environmental data OUR GOALS Provide two million young people from under-resourced communities with the opportunity to play sports By 2025 Attain 100% participation of owned vertical brands in the SAC Higg Facility Environmental Module 28% Reduction in Scopeland Scope 2 greenhouse gas emissions from 2016 baseline By 2025 Eliminate single-use, point-of-sale plastic bags in all stores Information as of November 2023. Read more about our sustainability efforts in our 2022 Purpose Playbook DICK'S SPORTING GOODS 27#28WE HAVE A STRUCTURALLY HIGHER SALES BASE VERSUS PRE-COVID +48% SALES GROWTH We delivered record sales of $13.OB 1 $12.3B $12.4B $13.0B in FY23, up +5% v. FY22 ROBUST FINANCIAL PERFORMANCE & PROFILE $9.6B $8.8B Since 2019, we have grown our 2 sales +48% or $4.1B We are innovating within the 3 ~7% ~8.5% market share ROBUST FINANCIAL MARKET OPPORTUNITY HOW WE WILL WIN PERFORMANCE FY19 FY20 FY21 FY22 FY232 & PROFILE market share omnichannel athlete experience, offering a differentiated product assortment, providing a best- in-class teammate experience and driving deep brand engagement DICK'S SPORTING GOODS We have gained considerable market share, fueled by our priority categories Amount does not recalculate due to rounding 22023 was a 53-week year. The extra week during fiscal 2023 generated $170 million of net sales. 28#29GROSS MARGIN HAS RE-BASELINED WELL ABOVE 2019 NON-GAAP GROSS MARGIN +567 BPS ROBUST FINANCIAL PERFORMANCE & PROFILE +255 +291 29.34%¹ FY19 +21 35.01%¹ FIXED COST LEVERAGE MERCHANDISE MARGIN SUPPLY CHAIN FY232 DRIVERS OF GROSS MARGIN RE-BASELINE: LEVERAGE OF FIXED COSTS MARKET OPPORTUNITY HOW WE WILL WIN ROBUST FINANCIAL PERFORMANCE & PROFILE 。 Significant leverage of fixed costs due to structurally higher sales base IMPROVED ECOMMERCE PROFITABILITY 。 Fewer and more targeted promotions, better leverage of fixed costs and strong athlete adoption of curbside pickup and BOPIS STRUCTURALLY HIGHER MERCHANDISE MARGIN • Highly Differentiated Product Assortment: Expansion of exclusive and differentiated products which are less susceptible to broader promotional pressures 。 More Granular Pricing Management: Enhanced data science capabilities and shifted to digital marketing and personalization from print media, resulting in optimized pricing and promotions Represents a non-GAAP financial measure. See the appendix for a reconciliation of this measure to the most directly comparable GAAP measure. 22023 was a 53-week year 。 Merchandise Mix Benefit: Exited the hunt business which had margins approximately 1,700 bps below the company average in 2019; Growing core vertical brands with margins 600 to 800 bps above national brands DICK'S SPORTING GOODS 23 29#30ROBUST FINANCIAL PERFORMANCE & PROFILE ROBUST FINANCIAL MARKET OPPORTUNITY HOW WE WILL WIN PERFORMANCE & PROFILE DICK'S SPORTING GOODS WE HAVE A STRUCTURALLY HIGHER EBT MARGIN VERSUS 2019 NON-GAAP EBT MARGIN +577 BPS 5.03%¹ +567 FY19 GROSS MARGIN DRIVERS OF STRUCTURALLY HIGHER EBT MARGIN: +10 10.80%¹ SG&A, INTEREST & OTHER FY23² -0 1 2 3 LEVERAGE OF FIXED COSTS STRUCTURALLY HIGHER MERCHANDISE MARGIN Represents a non-GAAP financial measure. See the appendix for a reconciliation of this measure to the most directly comparable GAAP measure. 22023 was a 53-week year IMPROVED ECOMMERCE PROFITABILITY IN LINE WITH TOTAL COMPANY EBT MARGIN 30#31ROBUST FINANCIAL PERFORMANCE & PROFILE 04 2023 FINANCIAL PERFORMANCE' "With our industry-leading assortment and strong execution, we capped off the year with an incredibly strong fourth quarter and holiday season. Even excluding the extra week, this was the largest sales quarter in the history of the Company, and during the fourth quarter, we drove significant gross margin and EBT margin expansion. Our full year comps increased 2.4%, driven by growth in transactions, and we continued to gain market share." -Lauren Hobart, President and Chief Executive Officer $3.9B NET SALES Increased +7.8% vs. 04 2022 10.2% GAAP EBT MARGIN Compared to 8.9% EBT margin in 04 2022 $3.57 GAAP EPS Compared to GAAP EPS of $2.60 in 04 2022 MARKET OPPORTUNITY HOW WE WILL WIN ROBUST FINANCIAL PERFORMANCE & PROFILE DICK'S SPORTING GOODS +2.8% COMPARABLE STORE SALES Driven by a +2.8% increase in average ticket 11.0% NON-GAAP EBT MARGIN² Compared to 9.7% non-GAAP EBT margin in Q4 20222 $3.85 NON-GAAP EPS² Compared to non-GAAP EPS of $2.93 in 04 20222 12023 was a 53-week year and 04 2023 was a 14-week quarter. The extra week during fiscal 2023 generated $170 million of net sales and earnings per diluted share of $0.19. Full year 2023 and 04 2023 comparable store sales calculations are presented on a 52-week and 13-week basis, respectively. 2Represents a non-GAAP financial measure. See the appendix for a reconciliation of this measure to the most directly comparable GAAP measure. 31#32ROBUST FINANCIAL PERFORMANCE & PROFILE ROBUST FINANCIAL MARKET OPPORTUNITY HOW WE WILL WIN PERFORMANCE & PROFILE $8,751 HISTORICAL ANNUAL FINANCIAL PERFORMANCE $9,584 Net Sales (in millions) Comparable Store Sales² CAGR: +10.4% $12,293 27.4% $12,368 $12,984 Non-GAAP EBT¹ (in millions) Margin¹ $2,025 $1,414 $1,403 will.lu 3.7% 9.9% -0.5% 2.4% $733 16.5% $440 7.7% 5.0% FY19 FY20 FY21 FY22 FY233 FY19 Non-GAAP EPS CAGR: +36.8% $15.70 $12.04 11.4% 10.8% FY20 FY21 FY22 FY233 Net Capex¹ % Sales (in millions) $520 $328 $268 $180 $167 4.0% 2.7% 2.1% 2.2% 1.7% $12.91 اس الا. FY19 FY20 FY21 FY22 FY233 $6.12 $3.69 FY19 FY20 FY21 FY22 FY233 DICK'S SPORTING GOODS 32 22 'Represents a non-GAAP financial measure. See the appendix for a reconciliation of this measure to the most directly comparable GAAP measure. 2Beginning in fiscal 2022, the Company revised its method for calculating comparable store sales by including relocated store locations. Prior year fiscal 2021 information was revised to reflect this change for comparability purposes. See additional details as furnished in Exhibit 99.2 of the Company's Form 8-K, which was filed with the SEC on March 8, 2022. Comparable store sales information prior to fiscal 2021 has not been revised to reflect this change in methodology. 32023 was a 53-week year and 04 2023 was a 14-week quarter. The extra week during fiscal 2023 generated $170 million of net sales and earnings per diluted share of $0.19. Full year 2023 and 042023 comparable store sales calculations are presented on a 52-week and 13-week basis, respectively.#33ROBUST FINANCIAL PERFORMANCE & PROFILE MARKET OPPORTUNITY HOW WE WILL WIN ROBUST FINANCIAL PERFORMANCE & PROFILE WE ARE COMMITTED TO RETURNING SIGNIFICANT CAPITAL TO SHAREHOLDERS THROUGH OUR QUARTERLY DIVIDEND AND OPPORTUNISTIC SHARE REPURCHASES During 2023, we returned $1.0 billion to shareholders 1 Approximately $650 million of share repurchases 2 Approximately $350 million in dividends Increased our expected quarterly dividend for 2024 by 10% which marks the tenth consecutive year that our shareholders have benefited from a dividend increase OVER THE PAST THREE YEARS. WE HAVE RETURNED NEARLY $3.4 BILLION TO SHAREHOLDERS DICK'S SPORTING GOODS 33#34ROBUST FINANCIAL PERFORMANCE & PROFILE 2024 GUIDANCE (as of 03/14/2024) "We are guiding to another strong year in 2024. We plan to grow both our sales and earnings through positive comps, higher merchandise margin and productivity gains. With the continued success of our new store formats and our omnichannel experience, we will accelerate our investment in our growth strategies to drive our business forward and continue gaining market share in a fragmented $140-billion-dollar industry." -Lauren Hobart, President and Chief Executive Officer NET SALES EPS COMP SALES $13.OB to $13.13B +1.0% to +2.0% $12.85 to $13.25 • MARKET OPPORTUNITY HOW WE WILL WIN ROBUST FINANCIAL PERFORMANCE DICK'S SPORTING GOODS & PROFILE • ADDITIONAL DETAIL Gross margin is expected to be approximately 35% and in-line with 2023 non-GAAP results SG&A expenses are expected to leverage modestly compared to our 2023 non-GAAP results • EBT margin is planned to be 10.9% at the mid-point • Our guidance is based on approximately 83 million average diluted shares outstanding and an effective tax rate of approximately 24% Expect net capital expenditures of approximately $800 million 34#35GAAP TO NON-GAAP RECONCILIATIONS NON-GAAP NET INCOME AND EARNINGS PER SHARE RECONCILIATIONS (dollars in thousands, except per share amounts) 14 Weeks Ended February 3, 2024 Selling, general and administrative Income before Earnings per (3) Gross profit expenses Other income income taxes Net income diluted share GAAP Basis $ 1,334,179 $ 958,577 $ (37,520) $ 395,343 $ 296,433 $ 3.57 % of Net Sales 34.42 % 24.73 % (0.97)% Business optimization charges (1) 5,661 (26,654) 10.20 % 32,315 7.65 % 23,913 Deferred compensation plan adjustments (2) - Non-GAAP Basis $ 1,339,840 $ % of Net Sales 34.57 % (16,097) 915,826 $ 23.63 % 16,097 (21,423) $ (0.55)% 427,658 11.03 % 320,346 $ 3.85 8.26 % Includes $23.2 million of non-cash impairments of store assets, a $5.7 million write-down of inventory and $3.4 million of severance-related costs. (T) (2) Includes non-cash changes in fair value of employee deferred compensation plan investments held in rabbi trusts. (3) The provision for income taxes for non-GAAP adjustments was calculated at 26% which approximates the Company's blended tax rate. DICK'S SPORTING GOODS 35#36GAAP TO NON-GAAP RECONCILIATIONS NON-GAAP NET INCOME AND EARNINGS PER SHARE RECONCILIATIONS (dollars in thousands, except per share amounts) (T) 53 Weeks Ended February 3, 2024 Income before (3) Earnings per diluted share 12.18 Other income income taxes Net income (93,809) $ (0.72)% 1,318,151 $ 1,046,519 10.15 % 84,813 8.06 % 62,762 Selling, general GAAP Basis Gross profit 4,533,735 and administrative expenses 3,204,108 % of Net Sales (1) Business optimization charges 34.92 % 11,984 24.68 % (72,829) Deferred compensation plan adjustments (2) (13,960) Non-GAAP Basis $ 4,545,719 3,117,319 $ % of Net Sales 35.01 % 24.01 % 13,960 (79,849) $ 1,402,964 (0.61)% 10.80 % $ 1,109,281 $ 12.91 8.54 % Includes $46.1 million of non-cash impairments of store and intangible assets, $26.7 million of severance-related costs and a $12.0 million write-down of inventory. (2) Includes non-cash changes in fair value of employee deferred compensation plan investments held in rabbi trusts. (3) The provision for income taxes for non-GAAP adjustments was calculated at 26% which approximates the Company's blended tax rate. DICK'S SPORTING GOODS 36#37GAAP TO NON-GAAP RECONCILIATIONS NON-GAAP NET INCOME AND EARNINGS PER SHARE RECONCILIATIONS (dollars in thousands, except per share amounts) GAAP Basis 13 Weeks Ended January 28, 2023 Net income (4) After tax interest from Convertible Senior Gross profit Selling, general and administrative expenses Income before Other income income taxes $1,166,039 853,054 $ (27,508) $ 320,411 $ 235,621 $ 2,386 32.42 % Numerator used to (4) Notes compute earnings per diluted share Weighted average diluted shares Earnings per diluted share $ 238,007 91,395 $ 2.60 6.55 % 0.07 % (2,386) 6.62 % (2,386) 22,259 (3,381) % of Net Sales 23.72 % Convertible Senior Notes (7) Field & Stream exit charges (2) 740 (29,340) (0.76)% 8.91 % 30,080 22,259 Deferred compensation plan adjustments 10,319 Non-GAAP Basis $1,166,779 % of Net Sales S 32.44 % (10,319) 813,395 $ (17,189) $ 350,491 $ 257,880 22.61 % (0.48)% 9.74 % 7.17 % % $ 257,880 7.17 % 88,014 $ 2.93 (1) (2) (3) (4) Adjustment eliminates the impact of assumed share settlement of the Convertible Senior Notes as required by "the if-converted method" under GAAP. The Company retired its Convertible Senior Notes without dilutive effect, due to cash payments for principal, shares received from its convertible bond hedge and shares repurchased to offset share settlement of remaining $59.1 million principal during the 13 weeks ended April 29, 2023. Accordingly, the Company believes reflecting the notes as debt more closely represents the economics of the transaction. Field & Stream exit charges of $30.1 million included $28.5 million of non-cash impairments of store assets, $0.8 million of severance and a $0.7 million inventory write-down related to our closure of 12 Field & Stream stores in the fourth quarter of fiscal 2022. Includes non-cash changes in fair value of employee deferred compensation plan investments held in rabbi trusts. The provision for income taxes for non-GAAP adjustments was calculated at 26% which approximates the Company's blended tax rate. DICK'S SPORTING GOODS 37#38GAAP TO NON-GAAP RECONCILIATIONS NON-GAAP NET INCOME AND EARNINGS PER SHARE RECONCILIATIONS (dollars in thousands, except per share amounts) 52 Weeks Ended January 28, 2023 After tax interest Gross profit Selling, general and administrative Income before expenses Other income income taxes GAAP Basis $4,284,558 $ 2,805,462 $ (15,949) $ 1,383,748 $ 1,043,138 $ % of Net Sales Convertible Senior Notes 34.64 % 22.68 % (0.13)% 11.19 % (1) Field & Stream exit charges (2) Deferred compensation plan 740 (29,340) 30,080 22,259 Numerator used to from compute Convertible earnings per Weighted average Net income (4) Senior Notes diluted diluted Earnings per diluted (4) share shares share 27,060 $ 1,070,198 99,274 $ 10.78 8.43 % 0.22 % (27,060) 8.65 % (27,060) 22,259 (10,792) adjustments Non-GAAP Basis $4,285,298 $ 14,609 2,790,731 (14,609) $ (30,558) % of Net Sales 34.65 % 22.56 % (0.25)% $1,413,828 11.43 % $1,065,397 $ 8.61 % % $ 1,065,397 8.61 % 88,482 $ 12.04 (1) (2) Adjustment eliminates the impact of assumed share settlement of the Convertible Senior Notes as required by "the if-converted method" under GAAP. The Company retired its Convertible Senior Notes without dilutive effect, due to cash payments for principal, shares received from its convertible bond hedge and shares repurchased to offset share settlement of remaining $59.1 million principal during the 13 weeks ended April 29, 2023. Accordingly, the Company believes reflecting the notes as debt more closely represents the economics of the transaction. Field & Stream exit charges of $30.1 million included $28.5 million of non-cash impairments of store assets, $0.8 million of severance and a $0.7 million inventory write-down related to our closure of 12 Field & Stream stores in the fourth quarter of fiscal 2022. (3) Includes non-cash changes in fair value of employee deferred compensation plan investments held in rabbi trusts. (4) The provision for income taxes for non-GAAP adjustments was calculated at 26% which approximates the Company's blended tax rate. DICK'S SPORTING GOODS 38#39GAAP TO NON-GAAP RECONCILIATIONS NON-GAAP NET INCOME AND EARNINGS PER SHARE RECONCILIATIONS (dollars in thousands, except per share amounts) GAAP Basis % of Net Sales Convertible Senior Notes (1) Deferred compensation plan adjustments Non-GAAP Basis % of Net Sales (1) 52 Weeks Ended January 29, 2022 Selling, general and $ 2,664,083 administrative Income from expenses Interest operations expense Other income Income before income taxes $ 2,034,503 57,839 $ (17,774) $ 21.67 % 16.55 % 0.47 % (0.14)% (30,794) Net income (3) Weighted average diluted shares Earnings per diluted share 1,994,438 $ 1,519,871 109,578 $ 13.87 16.22 % 30,794 12.36 % 22,788 (11,332) (17,070) $ 2,647,013 17,070 $ 2,051,573 17,070 27,045 21.53 % 16.69 % 0.22 % (704) $ 2,025,232 (0.01)% $ 1,542,659 16.47 % 12.55 98,246 15.70 Amortization of the non-cash debt discount on the Company's Convertible Senior Notes and diluted shares that are designed to be offset at settlement by shares delivered from the convertible note hedge purchased by the Company. (2) Includes non-cash changes in fair value of employee deferred compensation plan investments held in rabbi trusts. (3) The provision for income taxes for non-GAAP adjustments was calculated at 26%, which approximated the Company's blended tax rate. DICK'S SPORTING GOODS 39#40GAAP TO NON-GAAP RECONCILIATIONS NON-GAAP NET INCOME AND EARNINGS PER SHARE RECONCILIATIONS (dollars in thousands, except per share amounts) 52 Weeks Ended January 30, 2021 Selling, general and administrative Income from expenses operations Interest expense GAAP Basis % of Net Sales $ 2,298,534 $ 741,477 $ 48,812 $ 23.98 % Convertible Senior Notes (1) 7.74 % 0.51 % (21,581) Other income Income before income taxes Net income Earnings per (3) diluted share (19,070) $ 711,735 $ 530,251 92,639 $ 5.72 (0.20)% 7.43 % 5.53 % 21,581 15,970 (3,460) Weighted average diluted shares Deferred compensation plan adjustments (16,594) 16,594 Non-GAAP Basis $ 2,281,940 758,071 % of Net Sales 23.81 % $ 7.91 % 27,231 $ 0.28 % 16,594 (2,476) $ (0.03)% 733,316 546,221 89,179 $ 6.12 7.65 % 5.70 % (1) Amortization of the non-cash debt discount on the Company's Convertible Senior Notes and diluted shares that are designed to be offset at settlement by shares delivered from the convertible note hedge purchased by the Company. This amount includes $1.1 million of amortization recognized in the fiscal quarter ended May 2, 2020. (2) Includes non-cash changes in fair value of employee deferred compensation plan investments held in rabbi trusts. (3) The provision for income taxes for non-GAAP adjustments was calculated at 26%, which approximated the Company's blended tax rate. DICK'S SPORTING GOODS 40 20#41GAAP TO NON-GAAP RECONCILIATIONS NON-GAAP NET INCOME AND EARNINGS PER SHARE RECONCILIATIONS (dollars in thousands, except per share amounts) 52 Weeks Ended February 1, 2020 Selling, general and Gain on Gross profit administrative Income from expenses operations sale of subsidiaries Income before Other income income taxes Net income (5) Earnings per diluted share Hunt restructuring charges GAAP Basis % of Net Sales Gain on sale of subsidiaries (2) $ 2,554,558 2,173,677 375,613 (33,779) $ 29.19 % 13,135 24.84 % 4.29 % (0.39)% (15,324) $ (0.18)% 407,704 4.66 % $ 297,462 3.40 % 3.34 (44,588) 57,723 57,723 50,072 33,779 (33,779) (24,996) Non-cash asset impairments (3) (15,253) 15,253 15,253 11,287 Litigation contingency settlement (4) 6,411 (6,411) (6,411) (4,744) Deferred compensation plan adjustments (14,883) 14,883 Non-GAAP Basis $ 2,567,693 % of Net Sales $ 29.34 % 2,105,364 $ 24.06 % 457,061 5.22 % $ 14,883 (441) $ % 440,490 5.03 % $ 329,081 $ 3.69 3.76 % (T) 宜 (2) (3) Hunt restructuring charges of $57.7 million included $35.7 million of non-cash impairments of a trademark and store assets, a $13.1 million write-down of inventory and an $8.9 million charge related to our exit from eight Field & Stream stores in the third quarter, which were subleased to Sportsman's Warehouse. Gain on sale of Blue Sombrero and Affinity Sports subsidiaries. Non-cash impairment charges to reduce the carrying value of a corporate aircraft to its fair market value, which was subsequently sold. (4) Favorable settlement of a previously accrued litigation contingency. (5) (6) Includes non-cash changes in fair value of employee deferred compensation plan investments held in rabbi trusts. Except for the impairment of the trademark, the provision for income taxes for non-GAAP adjustments was calculated at 26%, which approximated the Company's blended tax rate. The trademark impairment charge of $28.3 million was not deductible for tax purposes. DICK'S SPORTING GOODS 41#42GAAP TO NON-GAAP RECONCILIATIONS RECONCILIATION OF GROSS CAPITAL EXPENDITURES TO NET CAPITAL EXPENDITURES (in thousands) The following table represents a reconciliation of the Company's gross capital expenditures to its capital expenditures, net of construction allowances. Gross capital expenditures Construction allowances provided by landlords Net capital expenditures Fiscal Year Ended February 3, 2024 January 28, 2023 January 29, 2022 January 30, 2021 February 1, 2020 (587,426) $ (364,075) $ 67,061 (520,365) $ 36,100 (327,975) $ (308,261) 40,195 (268,066) $ (224,027) 56,713 (167,314) $ (217,461) 37,959 (179,502) FISCAL 2023 NET SALES ADJUSTED FOR THE 53RD WEEK (in thousands) Net sales adjusted for the extra week during the 14 and 53 weeks ended February 3, 2024 is presented below to illustrate the impact of the extra week on reported net sales in comparison to reported results for the 13 and 52 weeks ended January 28, 2023. Period Ended February 3, 2024 Net sales Less: 53rd week net sales Adjusted net sales DICK'S SPORTING GOODS 14 Weeks 3,876,171 (170,223) 3,705,948 $ 53 Weeks 12,984,399 (170,223) 12,814,176 42 22#43ABOUT DICK'S SPORTING GOODS About DICK'S Sporting Goods DICK'S Sporting Goods (NYSE: DKS) creates confidence and excitement by inspiring, supporting and personally equipping all athletes to achieve their dreams. Founded in 1948 and headquartered in Pittsburgh, the leading omnichannel retailer serves athletes and outdoor enthusiasts in more than 850 DICK'S Sporting Goods, Golf Galaxy, Public Lands, Moosejaw, Going Going Gone! and Warehouse Sale stores, online, and through the DICK'S mobile app. DICK'S also owns and operates DICK'S House of Sport and Golf Galaxy Performance Center, as well as GameChanger, a youth sports mobile app for scheduling, communications, live scorekeeping and video streaming. 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, sustainability efforts and employment opportunities can be found on dicks.com, investors.dicks.com, sportsmatter.org, and dickssportinggoods.jobs, as well as Instagram, TikTok, Facebook, and X. Contacts Media Relations Investor Relations Nate Gilch, Senior Director of Investor Relations DICK'S Sporting Goods, Inc. [email protected] (724) 273-3400 (724) 273-5552 or [email protected] DICK'S SPORTING GOODS 43