Dick's Sporting Goods ($NYSE:DKS) is growing in the right places. Just not on the New York Stock Exchange, where shares have dropped for nearly 25% to start 2020.
Not that it's the upstate New York company's fault - the sporting goods retailer will announce earnings Tuesday, March 10, after one of the rockiest days in the history of Wall Street, and virtually every company's shares were pounded Monday, March 9 in a disastrous session. Dick's is seeing expectations for $1.23 per share when it reports earnings Tuesday. But, there are silver linings to Dick's cloud.
Dick's Apple Store Ratings Count is shooting up - at a time when other competitors like Foot Locker have been lagging Dick's rise. In the Apple Store, year-over-year, total ratings grew 85%.
However, while Dick's Apple ($NASDAQ:AAPL) ratings count suggests that it continually has been able to boost engagement, it isn't necessarily with happier customers - its score in the Apple Store lags behind many competitors, like Foot Locker. Further, in the Google ($NASDAQ:GOOG) Play Store, Dick's has fewer reviews - but, it has better ratings.
As our chart above shows - Dick's was once enjoying a better growth trajectory, but it may have gotten ahead of a difficult trend for retailers by stepping away from substantial expansion in more recent years. Over the last four years, store count for Dick's has grown by more than 11%.
Below, at the end of our post, we also have map tracking locations by each of Dick's brands.
Sporting goods retailers have been hit hard as online and app-based companies have encroached on legacy players' space. While Dick's has held off the competition, it has been more difficult for regional players like Modell's - which is reportedly reading a Chapter 11 filing.
About the Data:
Thinknum tracks companies using the information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales.