---
schema_version: "secwatch.filing_event.v1"
accession: "0001089063-23-000122"
form_type: "8-K"
ticker: "DKS"
cik: "0001089063"
company_name: "DICK'S SPORTING GOODS, INC."
filed_at: "2023-08-22T23:59:59+00:00"
generated_at: "2026-06-11T05:18:32.975926+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Dick's Q2 EPS $2.82 vs $3.25 YoY; guides FY23 EPS $11.33-$12.13; announces $20M severance

## Summary
- Net sales $3.22B, up 3.6% YoY; comp store sales +1.8% driven by 2.8% transaction growth.
- GAAP diluted EPS $2.82 vs $3.25; non-GAAP $2.82 vs $3.68; no adjustments in current period.
- Elevated inventory shrink impacted Q2 profitability; FY23 EPS outlook lowered to $11.33-$12.13.
- Business optimization includes $20M severance in Q3; possible additional $25-$50M charges.
- Quarterly dividend of $1.00 per share declared, payable Sept 29, 2023 to holders of record Sept 15.

## SEC filing metadata
- accession: 0001089063-23-000122
- form_type: 8-K
- ticker: DKS
- cik: 0001089063
- company_name: DICK'S SPORTING GOODS, INC.
- filed_at: 2023-08-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 2.05, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1089063/000108906323000122/0001089063-23-000122-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1089063/000108906323000122/dks-20230821.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001089063-23-000122
- JSON: https://secwatch.observer/filing/0001089063-23-000122.json
- Plain text: https://secwatch.observer/filing/0001089063-23-000122.txt

## Key facts
- Earnings Releases
  DICK'S SPORTING GOODS, INC. reported second quarter ended July 29, 2023 results: revenue $ 3,224, net income $ 244, EPS $ 2.82. Guidance reaffirmed.
  - Period: second quarter ended July 29, 2023
  - Revenue: $ 3,224
  - Net income: $ 244
  - EPS: $ 2.82
  - Guidance: reaffirmed
  - Result: reported results
  source text: quarter ended July 29, 2023. Second Quarter Operating Results (dollars in millions, except per share data) 13 Weeks Ended Change (1) July 29, 2023 July 30, 2022 Net sales $ 3,224 $ 3,112 $ 111 3.6% Comparable store sales 1.8% (5.1)% Income before income taxes (% of net sales) (2) 10.1% 13.7% (362) bps Net income $ 244 $ 319 $ (74) (23)% Earnings per
  evidence_url: https://www.sec.gov/Archives/edgar/data/1089063/000108906323000122/0001089063-23-000122-index.htm
- Restructurings & Charges
  DICK'S SPORTING GOODS, INC. announced a restructuring with charges of approximately $20 million of severance expense affecting customer support center.
  - Type: restructuring
  - Charge: approximately $20 million of severance expense
  - Affected area: customer support center
  source text: The Company has eliminated certain positions primarily at our customer support center on August 21, 2023 for which it expects to incur approximately $20 million of severance expense in the third quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1089063/000108906323000122/0001089063-23-000122-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.