Stack: Dick's And Golf Galaxy Seeing Big Spike In Sales And Junior Golf Thriving

Dick’s Sporting Goods CEO Ed Stack, at one time believed to be the most arse-kissed executive in golf, deservedly lost his allure around 2014-15 after the whole PGA pro firing thing that set off a ridiculous blaming of revenue falls on golf’s “structural decline”, and then realizing it was nonsense and golfers might take business elsewhere, backtracked.

As retail sales decline, Stack also appears less powerful with the move to direct-to-consumer online commerce. That all said, even though his past actions and assessments suggest he’s all about the bottom line, his company and the people briefing him remain important observers of industry trends.

Thanks to reader Steve for Myles Udland’s Yahoo Finance story on golf’s positive numbers during the pandemic and this assessment from Stack on junior golf.

And a standout during the quarter is what the company saw in its golf segment. An area that Dick’s management expects will continue to be a point of strength for the company through the rest of the year.

“The golf business has been great both at Dick’s and [Golf] Galaxy,” said Dick’s CEO Ed Stack on the company’s earnings conference call on Wednesday.

“There’s a number of young people who have come into the game because they’re not playing football or soccer or some other sport,” Stack added. “So they’re out playing [golf]. Guys are out playing golf because they’re not at their kids’ games. Men, women, and kids have really all jumped into this game and we expect that to continue through the balance of the year, too.”