Technology

DICK’S Sporting Goods Reports First Quarter Results; Delivers Record First Quarter Sales and 4.5% Comparable Sales Growth

First Quarter Operating Results (dollars in millions, except per share data) 13 Weeks Ended Change (7) May 3, 2025 May 4, 2024 Net sales $ 3,175 $ 3,018 $ 156 5.2 % Comparable sales (1) 4.5 % 5.3 % Income before income taxes (% of net sales) (2) 11.0 % 11.3 % (39) bps Non-GAAP income before income taxes […]

Published

4 weeks ago

May 29, 2025

Your Sports Nation

First Quarter Operating Results (dollars in millions, except per share data)	13 Weeks Ended				Change ⁽⁷⁾
	May 3, 2025		May 4, 2024		Change ⁽⁷⁾
Net sales	$	3,175	$	3,018	$	156	5.2 %
Comparable sales ⁽¹⁾		4.5 %		5.3 %
Income before income taxes (% of net sales) ⁽²⁾		11.0 %		11.3 %		(39) bps
Non-GAAP income before income taxes (% of net sales) ^{(2) (3)}		11.4 %		11.3 %		5 bps
Effective tax rate		24.0 %		19.6 %		441 bps
Net income	$	264	$	275	$	(11)	(4) %
Non-GAAP net income ⁽³⁾	$	275	$	275	$	(1)	— %
Earnings per diluted share	$	3.24	$	3.30	$	(0.06)	(2) %
Non-GAAP earnings per diluted share⁽³⁾	$	3.37	$	3.30	$	0.07	2 %


Balance Sheet (in millions)	As of May 3, 2025		As of May 4, 2024		$ Change ⁽⁷⁾		% Change ⁽⁷⁾
Cash and cash equivalents	$	1,036	$	1,649	$	(613)	(37) %
Inventories, net	$	3,569	$	3,201	$	368	12 %
Total debt ⁽⁴⁾	$	1,484	$	1,483	$	1	— %


Capital Allocation (in millions)	13 Weeks Ended				$ Change ⁽⁷⁾		% Change ⁽⁷⁾
Capital Allocation (in millions)	May 3, 2025		May 4, 2024		$ Change ⁽⁷⁾		% Change ⁽⁷⁾
Share repurchases ⁽⁵⁾	$	299	$	114	$	185	163 %
Dividends paid ⁽⁶⁾	$	100	$	94	$	6	6 %
Gross capital expenditures	$	265	$	158	$	107	68 %
Net capital expenditures ⁽³⁾	$	242	$	126	$	116	92 %

Notes

⁽¹⁾	Beginning in fiscal 2025, we revised our method for calculating comparable sales to include Warehouse Sale stores beginning in the stores’ 14^th full month of operations, similar to our other store locations. Prior year information has been revised to reflect this change for comparability purposes. See additional details as furnished in Exhibit 99.2 of the Company’s Current Report on Form 8-K, filed with the SEC on March 11, 2025.
⁽²⁾	Also referred to by management as earnings before income taxes (“EBT”).
⁽³⁾	For additional information, see GAAP to non-GAAP reconciliations included in tables later in the release under the heading “GAAP to Non-GAAP Reconciliations.” In the fiscal 2024 period, there were no non-GAAP adjustments to reported EBT margin, net income or earnings per diluted share.
⁽⁴⁾	The Company had no outstanding borrowings under its revolving credit facility in 2025 and 2024.
⁽⁵⁾	During the 13 weeks ended May 3, 2025, the Company repurchased 1.4 million shares of its common stock under its previously announced share repurchase program at an average price of $218.65 per share, for a total cost of $298.7 million. The Company has $212.9 million remaining under this authorization as of May 3, 2025. The Company also paid $5 million during fiscal 2025 for shares repurchased during fiscal 2024.
⁽⁶⁾	The Company declared and paid quarterly dividends of $1.2125 per share in fiscal 2025 and $1.10 per share in fiscal 2024.
⁽⁷⁾	Column may not recalculate due to rounding.

Quarterly Dividend

On May 27, 2025, the Company’s Board of Directors authorized and declared a quarterly dividend in the amount of $1.2125 per share on the Company’s common stock and Class B common stock. The dividend is payable in cash on June 27, 2025 to stockholders of record at the close of business on June 13, 2025.

Agreement to Acquire Foot Locker

On May 15, 2025, the Company announced that it entered into a definitive merger agreement to acquire Foot Locker, Inc., a leading footwear and apparel retailer. Under the terms of the merger agreement, Foot Locker shareholders will elect to receive either (i) $24.00 in cash or (ii) 0.1168 shares of DICK’S Sporting Goods common stock for each share of Foot Locker common stock, for a total equity value of approximately $2.4 billion and an enterprise value of approximately $2.5 billion. The completion of the acquisition is subject to Foot Locker shareholder approval and other customary closing conditions, including regulatory approvals, and is expected to close in the second half of 2025. The Company intends to finance the acquisition through a combination of cash-on-hand, revolving borrowings and other new debt, to the degree Foot Locker shareholders do not elect to receive their consideration entirely in shares of the Company’s common stock.

Full Year 2025 Outlook ⁽¹⁾

The Company’s Full Year Outlook for 2025 presented below does not include acquisition-related costs, investment losses or results from the recently announced plan to acquire Foot Locker:

Metric	2025 Outlook
Earnings per diluted share	● $13.80 to 14.40 ○ Based on approximately 81 million diluted shares outstanding ○ Based on an effective tax rate of approximately 24% ○ Includes the expected impact from all tariffs currently in effect
Net sales	● $13.6 billion to 13.9 billion
Comparable sales	● Positive 1.0% to positive 3.0%
Capital expenditures	● Approximately $1.2 billion on a gross basis ● Approximately $1.0 billion on a net basis


⁽¹⁾	Please see the section of this document titled “Non-GAAP Financial Measures” for more information.

Store Count and Square Footage

The following table summarizes store activity for fiscal 2025:

	Beginning Stores	New Stores	Closed Stores	Relocated / Converted ⁽⁵⁾	Ending Stores	(in millions) Square Footage ^{(6) (7)}
	Beginning Stores	New Stores	Closed Stores	Relocated / Converted ⁽⁵⁾	Ending Stores	Beginning	Ending
DICK’S Sporting Goods ⁽¹⁾
DICK’S ⁽²⁾	677	—	(2)	(5)	670	36.3	35.9
DICK’S Field House ⁽²⁾	27	1	—	3	31	1.6	1.8
DICK’S House of Sport	19	—	—	2	21	2.2	2.5
Total DICK’S Sporting Goods	723	1	(2)	—	722	40.1	40.1

Other Specialty Concepts ⁽¹⁾
Golf Galaxy ⁽³⁾	109	1	—	—	110	2.4	2.4
Going Going Gone! ⁽⁴⁾	50	2	(2)	—	50	2.2	2.3
Other	3	—	—	—	3	0.1	0.1
Total Other Specialty Concepts	162	3	(2)	—	163	4.8	4.8
Total ⁽⁴⁾	885	4	(4)	—	885	44.8	45.0


⁽¹⁾	In some markets, we operate DICK’S Sporting Goods stores adjacent to our specialty concept stores on the same property with a pass-through for our athletes. We refer to this format as a “combo store” and include combo store openings within both the DICK’S Sporting Goods and specialty concept store reconciliations, as applicable. As of May 3, 2025, the Company operated 14 combo stores.
⁽²⁾	Beginning store count and square footage were updated to reflect one DICK’S Field House location that opened in fiscal 2024, which was previously reflected as a DICK’S store.
⁽³⁾	As of May 3, 2025, includes 27 Golf Galaxy Performance Centers, with three new openings during fiscal 2025, two of which were conversions of prior Golf Galaxy store locations.
⁽⁴⁾	Beginning store count and square footage were updated to reflect Warehouse Sale locations as described in the Company’s Current Report on Form 8-K, filed with the SEC on March 11, 2025. As of February 2, 2025, beginning amounts now include 29 Warehouse Sale locations and 1.3 million of related square footage.
⁽⁵⁾	Reflects stores converted between concept or prototype through store relocations or remodels as part of the Company’s strategy to reposition its store portfolio. Including stores that converted between concepts, the Company relocated three stores during the current year period.
⁽⁶⁾	Includes square footage as of May 3, 2025 related to five Public Lands store closures as we plan to convert three into DICK’S House of Sport and two into DICK’S Field House stores during fiscal 2025.
⁽⁷⁾	Columns may not recalculate due to rounding.

Non-GAAP Financial Measures

In addition to reporting the Company’s financial results for the first quarter in accordance with generally accepted accounting principles (“GAAP”), the Company reports certain financial results for that quarter that differ from what is reported under GAAP. These non-GAAP financial measures include non-GAAP gross margin, non-GAAP operating margin (also referred to as non-GAAP EBIT margin), non-GAAP EBT margin, non-GAAP net income, non-GAAP earnings per diluted share and net capital expenditures, 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 by excluding non-cash changes in our deferred compensation plan investment fair values from market fluctuations that are offset within other income. 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.

Information reconciling certain forward-looking GAAP measures to non-GAAP measures related to full-year 2025 outlook and guidance, including earnings per diluted share, net sales, comparable sales and capital expenditures, in each case presented herein on a non-GAAP basis due to the exclusion of acquisition-related costs, investment losses and results from the recently announced plan to acquire Foot Locker, is not available without unreasonable effort due to high variability, complexity and uncertainty involved in forecasting and quantifying certain amounts with respect to and resulting from the planned acquisition that are necessary for such reconciliations. For those reasons, we are unable to address the probable significance of the unavailable information, which could have a potentially unpredictable, and potentially significant, impact on our future GAAP financial results.

Forward-Looking Statements Involving Known and Unknown Risks and Uncertainties

This release 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. Any statements about DICK’S Sporting Goods, Inc.’s (“DICK’S Sporting Goods”), Foot Locker, Inc.’s (“Foot Locker”) or the combined company’s plans, objectives, expectations, strategies, beliefs, or future performance or events constitute forward-looking statements. These statements are subject to known and unknown risks, uncertainties, assumptions, estimates, and other important factors that change over time, many of which may be beyond DICK’S Sporting Goods’, Foot Locker’s and the combined company’s control. DICK’S Sporting Goods’, Foot Locker’s and the combined 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 as a prediction of actual results. Forward-looking statements include statements regarding, among other things, the Company’s future performance and growth opportunities, including 2025 guidance, continued comp growth, strategic investments and square footage expansion, and improved gross margin; the benefits of the combination of DICK’S Sporting Goods and Foot Locker (the “Transaction”), future financial and operating results and the combined company’s plans, objectives, expectations, intentions, growth strategies and culture and other statements that are not historical facts.

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, current macroeconomic conditions, including prolonged inflationary pressures, potential changes to international trade relations, geopolitical conflicts and adverse changes in consumer disposable income; supply chain constraints, delays and disruptions; fluctuations in product costs and availability due to tariffs, currency exchange rate fluctuations, fuel price uncertainty and labor shortages; changes in consumer demand for products in certain categories and consumer lifestyle changes; intense competition in the sporting goods industry; the overall success of DICK’S Sporting Goods’, Foot Locker’s and the combined company’s strategic plans and initiatives; DICK’S Sporting Goods’, Foot Locker’s and the combined company’s vertical brand strategy and plans; DICK’S Sporting Goods’, Foot Locker’s and the combined company’s ability to optimize their respective distribution and fulfillment networks to efficiently deliver merchandise to their stores and the possibility of disruptions; DICK’S Sporting Goods’, Foot Locker’s and the combined company’s dependence on suppliers, distributors, and manufacturers to provide sufficient quantities of quality products in a timely fashion; the potential impacts of unauthorized use or disclosure of sensitive or confidential customer, employee, vendor or other information; the risk of problems with DICK’S Sporting Goods’, Foot Locker’s and the combined company’s information systems, including e-commerce platforms, and any associated disruptions to operations; DICK’S Sporting Goods’, Foot Locker’s and the combined company’s ability to attract and retain customers, executive officers and employees; our investments in GameChanger, our sports technology platform, DICK’S Media Network, and other technology to enhance our store fulfillment, in-store pickup and other foundational capabilities; potential reputational harm; our athlete experiences and associated costs, innovation, liability and competition associated with our specialty stores and vertical brands; increasing labor costs; the effects of the performance of professional sports teams within DICK’S Sporting Goods’, Foot Locker’s and the combined company’s core regions of operations; DICK’S Sporting Goods’, Foot Locker’s and the combined company’s ability to control expenses and manage inventory shrink; the seasonality of certain categories of DICK’S Sporting Goods’, Foot Locker’s and the combined company’s operations and weather-related risks; changes in applicable tax laws, regulations, treaties, interpretations and other guidance; product safety and labeling concerns; the projected range of capital expenditures of DICK’S Sporting Goods, Foot Locker and the combined company, including costs associated with new store development, relocations and remodels and investments in technology; plans to return capital to stockholders through dividends and share repurchases, if any; DICK’S Sporting Goods’, Foot Locker’s and the combined company’s ability to meet market expectations; the influence of DICK’S Sporting Goods’ Class B common stockholders and associated possible scrutiny and public pressure; compliance and litigation risks, including changing rules, regulations and expectations related to environmental, social and governance matters and various types of litigation and other claims and sufficient insurance with respect thereto; DICK’S Sporting Goods’, Foot Locker’s and the combined company’s ability to protect their respective intellectual property rights or respond to claims of infringement by third parties; the availability of adequate capital; obligations and other provisions related to DICK’S Sporting Goods’, Foot Locker’s and the combined company’s indebtedness; DICK’S Sporting Goods’, Foot Locker’s and the combined company’s future results of operations and financial condition; the occurrence of any event, change or other circumstance that could give rise to the right of one or both of the parties to terminate the Transaction; the outcome of any legal proceedings that may be instituted against DICK’S Sporting Goods or Foot Locker, including with respect to the Transaction; the possibility that the Transaction does not close when expected or at all because required regulatory or shareholder approvals or other conditions to closing are not received or satisfied on a timely basis or at all (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the Transaction); the risk that the benefits from the Transaction, including anticipated cost synergies, may not be fully realized or may take longer to realize than expected; the ability to promptly and effectively integrate the businesses of DICK’S Sporting Goods and Foot Locker following the closing of the Transaction; the dilution caused by the issuance of shares of DICK’S Sporting Goods common stock in the Transaction; the possibility that a Transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; the terms of the debt financing incurred in connection with the Transaction; reputational risk and potential adverse reactions of DICK’S Sporting Goods’ or Foot Locker’s customers, employees or other business partners; and the diversion of DICK’S Sporting Goods’ and Foot Locker’s management’s attention and time from ongoing business operations and opportunities due to the Transaction. These factors are not necessarily all of the factors that could cause DICK’S Sporting Goods’, Foot Locker’s or the combined company’s actual results, performance or achievements to differ materially from those expressed in or implied by any of the forward-looking statements. Other factors, including unknown or unpredictable factors, also could harm DICK’S Sporting Goods’, Foot Locker’s or the combined company’s results.

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 on Form 10-K, filed with the SEC on March 27, 2025. We operate in a highly competitive and rapidly changing environment; therefore, new risk factors can arise, and it is not possible for the Company to predict all such risk factors. The Company disclaims and does not undertake any obligation to update or revise any forward-looking statement in this press release, except as required by applicable law or regulation. Forward-looking statements included in this release are made as of the date of this release.

Additional Information about the Merger and Where to Find It

In connection with the Transaction, DICK’S Sporting Goods intends to file with the SEC a registration statement on Form S-4, which will include a proxy statement of Foot Locker that also constitutes a prospectus for the shares of DICK’S Sporting Goods common stock to be offered in the Transaction. Each of DICK’S Sporting Goods and Foot Locker may also file other relevant documents with the SEC regarding the Transaction. This communication is not a substitute for the proxy statement/prospectus or registration statement or any other document that DICK’S Sporting Goods or Foot Locker may file with the SEC. The definitive proxy statement/prospectus (if and when available) will be mailed to shareholders of Foot Locker. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT, PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT DICK’S SPORTING GOODS, FOOT LOCKER, THE TRANSACTION AND RELATED MATTERS. Investors and security holders will be able to obtain free copies of the registration statement and proxy statement/prospectus (if and when available) and other documents containing important information about DICK’S Sporting Goods, Foot Locker and the Transaction once such documents are filed with the SEC through the website maintained by the SEC at www.sec.gov. Copies of the documents filed with the SEC by DICK’S Sporting Goods will be available free of charge on DICK’S Sporting Goods’ website at https://investors.dicks.com. Copies of the documents filed with the SEC by Foot Locker will be available free of charge on Foot Locker’s website at https://investors.footlocker-inc.com.

Participants in the Solicitation

DICK’S Sporting Goods, Foot Locker and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the Transaction. Information about the directors and executive officers of DICK’S Sporting Goods is set forth in DICK’S Sporting Goods’ proxy statement for its 2025 annual meeting of stockholders, which was filed with the SEC on May 2, 2025 and is available at https://www.sec.gov/ix?doc=/Archives/edgar/data/0001089063/000108906325000054/dks-20250501.htm, under the headings “Corporate Governance,” “Director Compensation,” “Executive Compensation,” “Transactions with Related Persons” and “Stock Ownership,” DICK’S Sporting Goods’ Annual Report on Form 10-K for the fiscal year ended February 1, 2025, which was filed with the SEC on March 27, 2025 and is available at https://www.sec.gov/ix?doc=/Archives/edgar/data/1089063/000108906325000012/dks-20250201.htm, and to the extent holdings of DICK’S Sporting Goods securities by its directors or executive officers have changed since the amounts set forth in DICK’S Sporting Goods’ proxy statement for its 2025 annual meeting of stockholders, such changes have been or will be reflected on Initial Statements of Beneficial Ownership of Securities on Form 3 or Statements of Changes in Beneficial Ownership on Form 4, which are filed with the SEC. Information about the directors and executive officers of Foot Locker is set forth in Foot Locker’s proxy statement for its 2025 annual meeting of shareholders, which was filed with the SEC on April 10, 2025 and is available at https://www.sec.gov/ix?doc=/Archives/edgar/data/850209/000110465925033769/tm2425908-3_def14a.htm, under the headings “Governance,” “Director Compensation,” “Executive Compensation” and “Shareholder Ownership,” Foot Locker’s Annual Report on Form 10-K for the fiscal year ended February 1, 2025, which was filed with the SEC on March 27, 2025 and is available at https://www.sec.gov/ix?doc=/Archives/edgar/data/850209/000143774925009620/floc20241213_10k.htm, and to the extent holdings of Foot Locker securities by its directors or executive officers have changed since the amounts set forth in Foot Locker’s proxy statement for its 2025 annual meeting of shareholders, such changes have been or will be reflected on Initial Statements of Beneficial Ownership of Securities on Form 3 or Statements of Changes in Beneficial Ownership on Form 4, which are filed with the SEC.

Other information regarding the participants in the proxy solicitations and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement/prospectus and other relevant materials to be filed with the SEC regarding the Transaction when such materials become available. Investors should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. Copies of the documents filed with the SEC by DICK’S Sporting Goods and Foot Locker will be available free of charge through the website maintained by the SEC at www.sec.gov. Additionally, copies of documents filed with the SEC by DICK’S Sporting Goods will be available free of charge on DICK’S Sporting Goods’ website at https://investors.dicks.com and those filed by Foot Locker will be available free of charge on Foot Locker’s website at https://investors.footlocker-inc.com.

Conference Call Info

The Company will host a conference call today at 8:00 a.m. Eastern Time to discuss the first quarter results. Investors will have the opportunity to listen to the earnings conference call over the internet through the Company’s website located at investors.DICKS.com. To listen to the live call, please go to the website at least fifteen minutes early to register, download, and install any necessary audio software. For those who cannot listen to the live webcast, it will be archived on the Company’s website for approximately twelve months.

About DICK’S Sporting Goods, Inc.

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 omni-channel retailer serves athletes and outdoor enthusiasts in more than 850 DICK’S Sporting Goods, Golf Galaxy, Public Lands and Going Going Gone! 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 platform for live streaming, scheduling, communications and scorekeeping.

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 and employment opportunities can be found on dicks.com, investors.dicks.com, sportsmatter.org, dickssportinggoods.jobs and on Instagram, TikTok, Facebook and X.

Contacts:

Investor Relations:
Nate Gilch, Senior Director of Investor Relations
DICK’S Sporting Goods, Inc.
[email protected]
(724) 273-3400

Media Relations:
(724) 273-5552 or [email protected]

Category: Earnings

DICK’S SPORTING GOODS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME – UNAUDITED (In thousands, except per share data)

	13 Weeks Ended
	May 3, 2025	% of Sales ⁽¹⁾	May 4, 2024	% of Sales

Net sales	$ 3,174,677	100.00 %	$ 3,018,383	100.00 %
Cost of goods sold, including occupancy and distribution costs	2,009,591	63.30	1,923,090	63.71

GROSS PROFIT	1,165,086	36.70	1,095,293	36.29

Selling, general and administrative expenses	785,528	24.74	743,399	24.63
Pre-opening expenses	13,442	0.42	21,095	0.70

INCOME FROM OPERATIONS	366,116	11.53	330,799	10.96

Interest expense	12,138	0.38	13,835	0.46
Other expense (income)	6,256	0.20	(25,392)	(0.84)

INCOME BEFORE INCOME TAXES	347,722	10.95	342,356	11.34

Provision for income taxes	83,434	2.63	67,061	2.22

NET INCOME	$ 264,288	8.32 %	$ 275,295	9.12 %

EARNINGS PER COMMON SHARE:
Basic	$ 3.33		$ 3.42
Diluted	$ 3.24		$ 3.30

WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic	79,341		80,582
Diluted	81,478		83,346

⁽¹⁾ Column does not add due to rounding

DICK’S SPORTING GOODS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS – UNAUDITED (In thousands)

	May 3, 2025	May 4, 2024	February 1, 2025
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$ 1,035,889	$ 1,649,077	$ 1,689,940
Accounts receivable, net	256,554	157,855	214,250
Income taxes receivable	4,138	3,738	4,920
Inventories, net	3,569,353	3,201,148	3,349,830
Prepaid expenses and other current assets	164,892	149,948	158,767
Total current assets	5,030,826	5,161,766	5,417,707

Property and equipment, net	2,268,866	1,750,634	2,069,914
Operating lease assets	2,396,687	2,262,793	2,367,317
Intangible assets, net	58,598	56,591	58,598
Goodwill	245,857	245,857	245,857
Deferred income taxes	29,510	25,746	52,684
Other assets	404,238	201,608	246,617
TOTAL ASSETS	$ 10,434,582	$ 9,704,995	$ 10,458,694

LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable	$ 1,542,749	$ 1,476,444	$ 1,497,743
Accrued expenses	629,484	616,947	653,324
Operating lease liabilities	496,129	485,854	503,236
Income taxes payable	83,489	102,356	30,718
Deferred revenue and other liabilities	360,568	340,572	395,041
Total current liabilities	3,112,419	3,022,173	3,080,062
LONG-TERM LIABILITIES:
Revolving credit borrowings	—	—	—
Senior notes	1,484,462	1,483,496	1,484,217
Long-term operating lease liabilities	2,587,597	2,336,845	2,500,307
Other long-term liabilities	197,710	175,215	195,844
Total long-term liabilities	4,269,769	3,995,556	4,180,368
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY:
Common stock	556	570	567
Class B common stock	236	236	236
Additional paid-in capital	1,483,461	1,448,098	1,495,329
Retained earnings	6,559,483	5,773,338	6,392,513
Accumulated other comprehensive loss	(430)	(389)	(755)
Treasury stock, at cost	(4,990,912)	(4,534,587)	(4,689,626)
Total stockholders’ equity	3,052,394	2,687,266	3,198,264
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 10,434,582	$ 9,704,995	$ 10,458,694

DICK’S SPORTING GOODS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS – UNAUDITED (In thousands)

	13 Weeks Ended
	May 3, 2025	May 4, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 264,288	$ 275,295
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	97,860	91,477
Amortization of deferred financing fees and debt discount	589	580
Deferred income taxes	23,174	12,100
Stock-based compensation	19,180	17,257
Other, net	17,730	100
Changes in assets and liabilities:
Accounts receivable	(22,061)	(29,146)
Inventories	(219,523)	(352,351)
Prepaid expenses and other assets	(19,682)	(22,918)
Accounts payable	57,098	192,488
Accrued expenses	(53,348)	7,563
Income taxes payable / receivable	53,553	48,218
Construction allowances provided by landlords	22,776	31,369
Deferred revenue and other liabilities	(30,516)	(21,798)
Operating lease assets and liabilities	(33,072)	(18,515)
Net cash provided by operating activities	178,046	231,719
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(264,725)	(157,525)
Other investing activities	(120,968)	(474)
Net cash used in investing activities	(385,693)	(157,999)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from exercise of stock options	61	12,293
Minimum tax withholding requirements	(31,106)	(30,300)
Cash paid for treasury stock	(303,671)	(108,629)
Cash dividends paid to stockholders	(99,921)	(94,395)
Decrease in bank overdraft	(12,092)	(4,772)
Net cash used in financing activities	(446,729)	(225,803)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	325	(60)
NET DECREASE IN CASH AND CASH EQUIVALENTS	(654,051)	(152,143)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	1,689,940	1,801,220
CASH AND CASH EQUIVALENTS, END OF PERIOD	$ 1,035,889	$ 1,649,077

DICK’S SPORTING GOODS, INC. GAAP to NON-GAAP RECONCILIATIONS – UNAUDITED

Non-GAAP Net Income and Earnings Per Share Reconciliations
(dollars in thousands, except per share amounts)

	13 Weeks Ended May 3, 2025

	Selling, general and administrative expenses	Income from operations ⁽³⁾	Other expense (income)	Income before income taxes	Net income ⁽⁴⁾	Earnings per diluted share
GAAP Basis	$ 785,528	$ 366,116	$ 6,256	$ 347,722	$ 264,288	$ 3.24
% of Net Sales	24.74 %	11.53 %	0.20 %	10.95 %	8.32 %
Investment losses ⁽¹⁾	—	—	(13,880)	13,880	10,271
Deferred compensation plan adjustments ⁽²⁾	5,708	(5,708)	(5,708)	—	—
Non-GAAP Basis	$ 791,236	$ 360,408	$ (13,332)	$ 361,602	$ 274,559	$ 3.37
% of Net Sales	24.92 %	11.35 %	(0.42) %	11.39 %	8.65 %

⁽¹⁾Includes non-cash losses from non-operating investment in Foot Locker equity securities.
⁽²⁾Includes non-cash changes in fair value of employee deferred compensation plan investments held in rabbi trusts.
⁽³⁾Also referred to by management as earnings before interest, other expense or income and income taxes (“EBIT”).
⁽⁴⁾The provision for income taxes for non-GAAP adjustments was calculated at 26% which approximates the Company’s blended tax rate.

	13 Weeks Ended May 4, 2024

	Selling, general and administrative expenses	Income from operations ⁽²⁾	Other expense (income)	Income before income taxes	Net income	Earnings per diluted share
GAAP Basis	$ 743,399	$ 330,799	$ (25,392)	$ 342,356	$ 275,295	$ 3.30
% of Net Sales	24.63 %	10.96 %	(0.84) %	11.34 %	9.12 %
Deferred compensation plan adjustments ⁽¹⁾	(3,747)	3,747	3,747	—	—
Non-GAAP Basis	$ 739,652	$ 334,546	$ (21,645)	$ 342,356	$ 275,295	$ 3.30
% of Net Sales	24.50 %	11.08 %	(0.72) %	11.34 %	9.12 %

⁽¹⁾Included non-cash changes in fair value of employee deferred compensation plan investments held in rabbi trusts.
⁽²⁾Also referred to by management as earnings before interest, other expense or income and income taxes (“EBIT”).

Gross Capital Expenditures to Net Capital Expenditures Reconciliation
(in thousands)

The following table represents a reconciliation of the Company’s gross capital expenditures to its capital expenditures, net of construction allowances.

	13 Weeks Ended
	May 3, 2025	May 4, 2024
Gross capital expenditures	$ (264,725)	$ (157,525)
Construction allowances provided by landlords	22,776	31,369
Net capital expenditures	$ (241,949)	$ (126,156)

SOURCE DICK’S Sporting Goods, Inc.

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The Inside Scoop for Club World Cup 25’ and World Cup 26’ Newest Tech with FIFA’s Johannes Holzmüller

The FIFA Club World Cup 2025 kicked off here in the United States beginning June 14 and runs through July 13. Our own FOX Sports Radio host, reporter and producer Kelsey Nicole Nelson sat down with FIFA’s Director of Innovation Johannes Holzmüller to break down the debut of the technological advances FIFA is using to […]

Published

51 minutes ago

June 23, 2025

Your Sports Nation

Holzmüller, who’s been with FIFA since 2008 and typically works out of Switzerland, was on the ground in Miami, Florida to lead the technological transformation of international soccer. In his role as Director of Innovation, he oversees the entire innovation pipeline — from identifying football stakeholders’ needs to developing and implementing new game-enhancing technologies.

Among the biggest innovations for FIFA Club World Cup 2025 is the use of referee body cameras, a first for the tournament and potential next step of first-person visuals in competitive sports. Holzmüller shared that these cameras will allow fans to “see the game through the eyes of an official,” offering a new level of engagement. Notably, the footage will be shared with the tournament’s exclusive global broadcaster DAZN, and even stadium fans will be able to view the referees’ perspectives live on the jumbotrons.

“This will be amazing to see live,” said Holzmüller. “All the spectators have the same information as the referee. It will really be awesome.”

The conversation shifted to another groundbreaking area — artificial intelligence and real-time player tracking. This year, each stadium will house 16 optimal-tracking cameras, capturing 30 data points per player, 50 times per second.

Additionally, game balls are now equipped with IMU sensors, providing precise data on ball movement.

All this feeds into FIFA’s recent partnership with Hawker Innovations, enabling the automatic generation of key match statistics — like passes completed and ball possession—through AI algorithms. “Everything which was collected manually can now be done automatically,” Holzmüller noted.

The FIFA Club World Cup 2025 is serving as a real-time test lab for these tools, all in preparation for even more expansive implementation at the FIFA World Cup 2026.

Coordinating the tournament across 12 stadiums in the U.S. is no small feat. Holzmüller explained that his team has stationed one innovation expert in each stadium, all feeding into a central operations hub at MetLife Stadium in New Jersey.

“It looks a little bit like a Formula One box,” he said. “People sitting in front of monitors, checking and monitoring all the data. We are watching everything that could impact the game.”

Holzmüller made it clear during a conversation on the use of advanced technology and AI that. the goal of innovation isn’t to replace humans but to support them. He cited the infamous 2010 World Cup incident involving Frank Lampard’s disallowed goal as the catalyst that sparked FIFA’s journey into tech-enhanced officiating.

“We’re not saying we want to replace anyone. We just want to support the referees,” he said.

That philosophy is evident in the rollout of semi-automated offside technology, which uses real-time player and ball data to send alerts to assistant referees within milliseconds.

Compared to other countries, Holzmüller said the U.S. stands out for its already tech-rich stadiums. This presented both advantages and challenges, like finding space to install FIFA’s own cameras among the existing infrastructure. But he welcomed the challenge, calling it an “exciting opportunity” to integrate FIFA’s systems with top-tier American technology.

Finally, Holzmüller emphasized that the innovations deployed in theFIFA Club World Cup 2025 will serve as the blueprint for the FIFA World Cup 2026 and even the 2027 FIFA Women’s World Cup.

“All the learnings and feedback, of course, we then bring to the next tournaments where we try to improve,” he said.

From AI-generated data to referee POV cameras and centralized tech hubs, FIFA is embracing a bold new era. And if Holzmüller has his way, the 2025 Club World Cup won’t just crown the world’s best club — it’ll define the future of football itself.

I am a writer for Listen In With KNN as an editorial and digital intern. I currently attend Long Island University Post as a Junior on the path of getting my bachelor’s in journalism. I love the art of storytelling and sports research, hopefully you can see my passion in my articles as well.

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How corporates are building India’s sports future

Published

6 hours ago

June 23, 2025

Your Sports Nation

India’s ambition to host the 2036 Olympics is more than a national aspiration—it’s a test of how deeply the country is willing to invest in its sporting foundation. Beyond the stadiums and scoreboards, a quiet but powerful shift is taking place. Corporate India, once a passive donor in the sporting world, is now emerging as an active partner, building the country’s future in sports from the ground up. Neel Shah, CEO of Dream Sports Foundation, has witnessed this transformation firsthand. “Corporate involvement in sports has moved from basic philanthropy to a strategic and structured methodology,” he said in an exclusive interview to WION.

“It’s no longer just CSR—companies are now developing athlete-focused programs with long-term vision.”

The change is visible across India’s sporting ecosystem. From organising grassroots competitions to investing in performance tech, private players are helping plug critical gaps left by underfunded federations and overburdened institutions. Take Dream Sports Foundation’s own efforts as an example.

Through the Dream Sports Championships in football and table tennis, they’ve created a pathway for young athletes to transition from grassroots to elite levels, aligned closely with National Sports Federations (NSFs). It’s not a stand-alone effort but part of a larger movement. As Shah puts it, “The key word is alignment. We need backward and forward linkages rather than working in silos.”

In a country where NSFs often focus on elite athletes and international medals, grassroots development tends to be neglected. That’s where corporate partnerships are proving to be game-changers—both in reach and in impact. Companies are bringing professional management, long-term strategy, and even regional focus to build sustainable sports programs that can uncover and nurture local talent.

The impact goes beyond training grounds. Technology, often driven by corporate investments, is now deeply integrated into India’s sporting journey. “There’s a huge gap in athlete data capture and performance tracking,” Shah says. “With the right tech, we can build effective athlete profiling, enable better coaching, and even enhance fan engagement.”

From AI-driven analytics to virtual fan experiences, tech is helping sports not only grow but also monetise. This opens up new revenue models and deepens spectator involvement, something India’s sports culture has historically lacked outside of cricket. None of this happens in isolation. The government’s initiatives—like Khelo India and TOPS—have laid a strong foundation for talent identification and Olympic preparation. But Shah is clear: public-private partnerships will be crucial to scale these programs.

While the government brings infrastructure and institutional know-how, the private sector brings innovation, agility, and professionalism. The recent push to launch leagues across multiple sports signals a shift in mindset—from occasional success stories to building a holistic sports culture.

“We’re at a juncture of alignment,” Shah says. “With government, corporates, and federations working together, we have a real opportunity to change the way sports are seen and supported in India.”

As India inches closer to its Olympic ambitions, the athletes we celebrate tomorrow may owe their rise not just to coaches and federations—but to a silent but powerful force working behind the scenes: corporate India, finally playing for the long game.

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Advanced Wellness in Dubuque Offers New Technology to Tighten Skin, Heal Injuries, and Reduce Incontinence

This post was contributed by a community member. The views expressed here are the author’s own. DUBUQUE, IOWA June 12, 2024 – Advanced Wellness is one of the first health centers in the area to offer leading-edge, noninvasive technology using muscle activation to build muscle, burn fat, help with muscle injury and recovery, and strengthen […]

Published

9 hours ago

June 22, 2025

Your Sports Nation

This post was contributed by a community member. The views expressed here are the author’s own.

DUBUQUE, IOWA June 12, 2024 – Advanced Wellness is one of the first health centers in the area to offer leading-edge, noninvasive technology using muscle activation to build muscle, burn fat, help with muscle injury and recovery, and strengthen the pelvic floor. Known for offering medical expertise with aesthetic finesse, Advanced Wellness provides primary and acute care, as well as weight loss, and cosmetic enhancements.

“We are excited to expand our practice to a new level offering leading-edge, non-invasive medical devices for treating everything from incontinence to musculoskeletal injuries,” says Nicole M. Schlosser, founder of Advanced Wellness and a nurse practitioner who has served the community for years.

Emsculpt NEO, a needle-free and laser-free technology creates muscle contractions and uses radiofrequency to generate heat. That combination burns 30 percent fat and builds 25 percent muscle in hard-to-treat areas, including the abdomen, buttocks, arms, and thighs. The device forces muscles to experience tens of thousands of contractions — equivalent to 20,000 sit-ups in just 30 minutes.

Find out what’s happening in Across Iowafor free with the latest updates from Patch.

“Emsculpt NEO is excellent for those on a weight loss journey and want to tone and tighten flabby skin, and it also has an application for patients who want to address muscle strength and function or are recovering from an injury,” says Schlosser. Emface, another non-invasive technology uses heat and muscle activation to boost collagen production and tighten facial skin. In just 20 to 30 minutes, it revitalizes the face by stimulating underlying tissue, which reduces fine lines.

Another new technology, EMSELLA, is a gamechanger for the more than 25 million Americans struggling with pelvic floor weakness and incontinence. Patients are fully clothed and sit in the EMSELLA chair, which uses electromagnetic energy to strengthen the pelvic floor by inducing muscle contractions. A 30-minute session is equivalent to doing 11,000 Kegel exercises. EMSELLA has a 98-percent patient satisfaction rate and allows patients to enjoy daily activities without losing bladder control.

Find out what’s happening in Across Iowafor free with the latest updates from Patch.

“These procedures are needle-free, pain-free and there is no bruising,” says Schlosser.
“With no downtime needed, patients go back to work and daily activities after each session.”
Advanced Wellness is located at 2442 Meinen Ct, Dubuque, IA 52002. To learn more
about these leading-edge technologies, call Advanced Wellness at 563-556-6292 or log on to
www.advancedwcdbq.com.

The views expressed in this post are the author’s own. Want to post on Patch?

Iowa Firefighter Cody Koppes Carries On A Family Legacy of Service

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Fremont tech firm accused of employing Chinese workers illegally

A Fremont battery company illegally employed Chinese workers, discriminated against non-Chinese employees, and secretly defied an order from the city to shut down its building, a lawsuit claims. Gotion kept a “revolving door” of Chinese citizens coming to work at the lithium-ion battery plant despite lacking visas allowing employment, the lawsuit in Alameda County Superior […]

Published

11 hours ago

June 22, 2025

Your Sports Nation

A Fremont battery company illegally employed Chinese workers, discriminated against non-Chinese employees, and secretly defied an order from the city to shut down its building, a lawsuit claims.

Gotion kept a “revolving door” of Chinese citizens coming to work at the lithium-ion battery plant despite lacking visas allowing employment, the lawsuit in Alameda County Superior Court alleged.

The three workers who filed the lawsuit — one U.S. citizen and two with work permits — claimed company officials discriminated against them, and made racist comments toward non-Chinese workers.

The lawsuit by Anirban Das, a U.S. citizen of Indian origin, Atul Deshpande, an Indian citizen with a U.S. work authorization, and Betuel Olivares, a Mexican citizen with a work permit, accused Gotion, its China-based parent firm Gotion High-Tech, and a Gotion supervisor named Chen Li of racial discrimination and unlawful termination. They claim they were forced to quit Gotion after they were stripped of job duties, excluded from meetings, and harassed for complaining about alleged illegalities at the company. They are seeking unspecified damages.

Gotion illegally employed Chinese workers in the country on B-1 visas, the lawsuit filed June 13 claimed. According to U.S. Citizenship and Immigration Services, the visa allows foreign citizens into the U.S. for up to six months per visit, for purposes including consulting with business associates, attending conferences, negotiating contracts, or participating in short-term training. The lawsuit did not allege a specific number of visa violations, but included two screen shots of text messages purportedly showing workers acknowledging work for the company while on the B-1.

The lawsuit also claimed Gotion brought over a Gotion High-Tech lawyer from China who was not authorized to work or practice law in the U.S., and “advised Gotion how to impermissibly violate U.S. immigration laws.”

Gotion and Gotion High-Tech did not immediately respond to requests for comment on the lawsuit. Gotion describes itself on its website as “a fast growing energy solutions company that aims to innovate and create the next generation of battery technology.”

A purported City of Fremont violation notice at battery company Gotion (Source: lawsuit against Gotion in Alameda County Superior Court)

The Fremont battery plant was rife with “illegal practices,” the lawsuit claimed. The building lacked proper permits and safety features including fire-protection systems, the lawsuit said. The City of Fremont shut the facility down over the purported lack of proper permits, according to the lawsuit, which included a photo of a red “do not enter or occupy” notice on a window, dated March 20, 2024 and citing “work without permits.”

Materials allegedly taped over a City of Fremont violation notice at battery company Gotion (Source: lawsuit against Gotion in Alameda County Superior Court)

Gotion, however, “illegally covered up the shutdown notice and continued to have employees work in the office notwithstanding the safety risks,” the lawsuit claimed. A photo included in the lawsuit showed what appears to be pages from a Gotion brochure taped to a window.

Not long afterward, city officials shut the plant down again over improperly stored hazardous batteries, the lawsuit alleged.

The City of Fremont did not immediately answer questions about alleged violations by Gotion.

The three plaintiffs all complained to Gotion about the alleged illegal practices, the lawsuit said.

Das was hired in July 2023 as senior director of industrialization for Gotion and Gotion High-Tech, according to the lawsuit. Das oversaw Deshpande, a senior program manager hired a few months earlier than Das, and Olivares, an engineering manager brought on several months later, the lawsuit said.

Gotion officials mistakenly believed Olivares was of Indian origin because of his brown skin, and referred to him, Das and Deshpande as “foreigners” because they were not from China, the lawsuit alleged.

In June 2024, the three men met with Gotion management “to identify specific steps that needed to be taken to ensure the Fremont location could operate lawfully and safely,” the lawsuit said.

Li, the supervisor, interrupted Das’s presentation on how to operate the facility safely and legally, the lawsuit alleged. Li said Das and his team “would no longer have a significant role in remedying the problems associated with the Fremont location,” the lawsuit claimed. Li told “two of his Chinese deputies” to take over the work, the lawsuit alleged.

In the meeting, Li “made multiple racists comments toward non-Chinese workers,” the lawsuit claimed. Li allegedly said, “It seems that it is unrealistic to expect these old Americans to solve the problem,” along with, “Don’t expect the foreigners to solve the problem because the foreigner doesn’t understand how.”

Originally Published: June 21, 2025 at 5:30 AM PDT

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AP Business SummaryBrief at 5:11 a.m. EDT | National News

Fred Smith, FedEx founder who revolutionized the package delivery business, dies at 80 MEMPHIS, Tenn. (AP) — Fred Smith, the FedEx Corp. founder who revolutionized the express delivery industry, has died, the company said. He was 80. FedEx started operating in 1973, delivering small parcels and documents more quickly than the post office could. Over […]

Published

15 hours ago

June 22, 2025

Your Sports Nation

Fred Smith, FedEx founder who revolutionized the package delivery business, dies at 80

MEMPHIS, Tenn. (AP) — Fred Smith, the FedEx Corp. founder who revolutionized the express delivery industry, has died, the company said. He was 80. FedEx started operating in 1973, delivering small parcels and documents more quickly than the post office could. Over the next half-century, Smith, a Marine Corp. veteran, oversaw the growth of a company that combined air and ground service and became something of an economic bellwether because so many other companies rely on it. It’s now a global transportation and logistics company that averages 17 million shipments per business day.

Iran’s internet blackout leaves public in dark and creates an uneven picture of the war with Israel

DUBAI, United Arab Emirates (AP) — As the war between Israel and Iran hits the one-week mark, Iranians have spent nearly half of the conflict in a near-communication blackout, unable to connect not only with the outside world but also with their neighbors and loved ones across the country. Civilians are left unaware of when and where Israel will strike next, despite Israeli forces issuing warnings through their Persian-language online channels. When the missiles land, disconnected phone and web services mean not knowing for hours or days if their family or friends are among the victims. That’s left many scrambling on various social media apps to see what’s happening — again, only a glimpse of life able to reach the internet in a country of over 80 million people.

Music streaming service Deezer adds AI song tags in fight against fraud

LONDON (AP) — Music streaming service Deezer said Friday that it will start flagging albums with AI-generated songs, part of its fight against streaming fraudsters. The Paris-based company is grappling with a surge in music on its platform created purely with generative artificial intelligence tools that it says are used to fraudulently earn royalties. The app will display an on-screen warning label about AI-generated content and notify listeners that some tracks on an album were created with AI. The company said AI-generated music is an industry wide issue.

Surging travel in Europe spikes concerns over tourism’s drawbacks

MADRID (AP) — Europe is often called the world’s museum, but the ever-increasing visitors it draws have made it ground zero for concerns about overtourism. The travel industry has gone from pandemic bust to record-setting surges in 2025. Last year, 747 million international travelers visited the continent, according to U.N. figures, with Southern and Western Europe taking in more than 70% of them. As the growing tide of humanity strains the region’s housing, water and its Instagrammable neighborhoods, protests against overtourism have proliferated.

Sunken Bayesian superyacht lifted from waters off Sicily as salvage operation completed

PORTICELLO, Italy (AP) — A British-flagged luxury superyacht that sank off Sicily last year, killing U.K. tech magnate Mike Lynch and six others, has been lifted out of the water as salvage recovery crews completed the operation to bring it ashore for further investigation. The white top and blue hull of the 56-meter Bayesian, covered with algae and mud, was visibly clear of the sea on Saturday in a holding area of a yellow floating crane barge. The Bayesian sank Aug. 19 during a violent storm as Lynch was treating friends to a cruise to celebrate his acquittal two months earlier in the U.S. on fraud charges.

ICE raids and their uncertainty scare off workers and baffle businesses

WASHINGTON (AP) — Farmers, cattle ranchers and hotel and restaurant managers breathed a sigh of relief last week when President Donald Trump ordered a pause to immigration raids that were disrupting those industries and scaring foreign-born workers off the job. But the respite didn’t last long. On Wednesday, Assistant Secretary of the Department of Homeland Security Tricia McLaughlin declared that worksite enforcement “remains a cornerstone of our efforts to safeguard public safety, national security and economic stability” and that there will be “no safe spaces for industries who harbor violent criminals” or undermine enforcement efforts. The flipflop has baffled businesses trying to figure out the government’s actual policy.

How billionaire Mark Walter, set to own the controlling stake in Lakers, made his fortune

The billionaire slated to takeover the controlling interest in the Los Angeles Lakers has built a career leading businesses investing in everything from sports franchises to artificial intelligence. Mark Walter is CEO of the global investment and advisory company Guggenheim Partners, which is estimated to have more than $325 billion in assets. He’s also co-founder and CEO of holding company TWG Global, which includes a portfolio of businesses spanning several sectors, including finance, technology, insurance, sports and entertainment. Forbes estimates Walter’s net worth is $6.1 billion. The publication ranked him at No. 216 on its Forbes 400 list last year.

You probably don’t need foods with added protein, nutritionists say

Everyone needs protein — it’s vital for the growth, repair and maintenance of your muscles, bones and skin. But how much you need depends on your age, weight and nutritional needs. Despite the increasing range of protein-enriched foods on the market, experts say if you’re getting enough to eat, you are probably getting enough protein. Protein can be found in a wide variety of foods, including meat, dairy and plant-based foods.

US stocks drift to a mixed finish as Wall Street closes another week of modest losses

NEW YORK (AP) — U.S. stocks drifted to a mixed finish in a quiet return to trading following the Juneteenth holiday. The S&P 500 fell 0.2% Friday to close a second straight week of modest losses. The Dow Jones Industrial Average added 0.1%, and the Nasdaq composite fell 0.5%. Kroger jumped following the grocer’s better-than-expected profit report, but Smith & Wesson fell after saying high interest rates and tariffs are pressuring its sales of firearms. Treasury yields held relatively steady after President Donald Trump said he will decide within two weeks whether the U.S. military will get directly involved in Israel’s fighting with Iran.

How Senate Republicans want to change the tax breaks in Trump’s big bill

WASHINGTON (AP) — House and Senate Republicans are taking different approaches when it comes to the tax cuts that lawmakers are looking to include in their massive tax bill. Republicans in the two chambers don’t agree on the size of a deduction for state and local taxes. They are also at odds on such things as allowing people to use their health savings accounts to help pay for their gym membership, or whether electric vehicle and hybrid owners should have to pay an annual fee. How they work out their differences in the coming weeks will help determine how successful they are at passing their marquee legislation.

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This self-driving golf trolley wants to replace your caddy with AI – using video analysis to improve your swing

The Robera Neo is an autonomous golf cart that follows you using AI A built-in camera can record every stroke for instant video analysis It’s already raised more than $300,000 on Kickstarter Golf is no stranger to tech. From the best GPS golf watches to launch monitors, the game has embraced innovation. But Robera’s latest […]

Published

18 hours ago

June 22, 2025

Your Sports Nation

The Robera Neo is an autonomous golf cart that follows you using AI
A built-in camera can record every stroke for instant video analysis
It’s already raised more than $300,000 on Kickstarter

Golf is no stranger to tech. From the best GPS golf watches to launch monitors, the game has embraced innovation. But Robera’s latest invention might be golf’s biggest evolution to date: an autonomous cart that carries your clubs and critiques your swing while trailing you from hole to hole.

Launched on Kickstarter, the Robera Neo has raised more than $300,000 (around £225,000 / AU$470,000) – over 6000% of its original target. First delivery is slated for July 2025 and those numbers suggest plenty of golfers are ready to upgrade their trolleys.

Follow-me carts aren’t a new concept. But unlike traditional electric models, the Neo doesn’t rely on a Bluetooth handset or wireless tether. Instead, it uses an AI-powered vision system to track your position and shadow you as you chip down the fairway. That also means it can steer around hazards, whether that’s a bunker or your golf buddy.

The Neo doesn’t just take the effort out of carrying your clubs: it can also shave strokes off your score. Parked next to the tee, it uses a built-in camera to record your swing. You can then review frame-by-frame analysis on the cart’s detachable tablet, for feedback to rival a human caddy.

Teeing off with autonomy

Because golfers have enough gear to worry about, the Neo majors on hands-free control. The smart follow system supports gesture and voice commands, allowing you to summon or dispatch the cart at a distance. If you’re sure of the shot, you can even send it on ahead. You can also use the remote to hail it from 100 meters away.

With a database of 40,000 courses on-board, the Neo uses GPS mapping to dynamically plan the most power-efficient route forward. It’s not an entirely autonomous experience, though: while the consumer version can find its way along the fairway, traveling from one fairway to the next requires a manual route input. Only the commercial model supports full-course navigation.

Still, the Neo can handle tricky conditions like a pro. An IPX5 rating means it can play in the rain, while treaded wheels help it tackle inclines of up to 25 degrees. A removable 288Wh battery can also see it through a solid 27 holes. And thanks to 100W fast charging, the Neo can go for another round after lunch.

Robera Neo — Next-Gen Smart Golf Cart with AI Vision & GPS Navigation – YouTube

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It’s all designed to be clever and convenient. It is heavier than a standard golf trolley at 15kg, but the folding design should make it easy enough to stash in the garage. It’s also significantly more expensive, with the base-level early bird package costing $1,979 (around £1,500 / AU$3,100). The tablet version starts at $2,639 (around £2,000 / AU$4,150).

That’s a lot for a trolley. But it’s cheaper than paying a pro for personalized coaching every time you play. If you want something to carry your clubs and give you feedback, without the need for small talk between swings, the Neo could well be the way forward.

Whether it replaces your caddy or simply gives your game a boost, it certainly promises to upgrade your game. The follow-me mode is nifty, but getting instant feedback without a lesson or launch monitor is what will appeal to many. Plus the fact that a robot won’t roll its eyes when you shank a shot. All of the usual crowd-funding warnings apply, but I’m looking forward to see if it’s up to par.