Digital StrategyDick’s Sporting Goods’ GameChanger app is drawing increasing interest from investors and, as management recently indicated, will likely play a more prominent role in the firm’s digital strategy going forward.
Financial PerformanceStrong comps underscore continued market share gains, with impressive margin expansion as gross margin expanded 231bps y/y to 36.7%.
Market PositionDKS is the clear market share gainer, and the scaling of House of Sport is a potentially meaningful multi-year P&L tailwind.