DICK'S SPORTING GOODS, INC.: Update to credit analysis following upgrade of senior unsecured rating to Baa2
Our credit view of Dick's reflects its leading market position, low leverage and very good liquidity offset by its operations in the intensely competitive sporting goods sector.Dick's Sporting Goods is an omni-channel sporting goods retailer offering sports equipment, apparel, footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick's Team Sports HQ, an all-in-one youth sports digital platform offering scheduling, communications and live scorekeeping through its GameChanger mobile apps, free league management services, custom uniforms and fan wear, and access to donations and sponsorships. The company provides products to its customers through its retail stores and online. The company is also involved in local communities, sponsoring teams in various sports.
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