1089063--3/20/2009--DICKS_SPORTING_GOODS

related topics

{stock, price, operating}

{acquisition, growth, future}

{operation, natural, condition}

{system, service, information}

{debt, indebtedness, cash}

{customer, product, revenue}

{operation, international, foreign}

{product, liability, claim}

{loan, real, estate}

{product, market, service}

{personnel, key, retain}

{competitive, industry, competition}

{financial, litigation, operation}

{tax, income, asset}

{provision, law, control}

{cost, regulation, environmental}

{cost, operation, labor}

{property, intellectual, protect}

Our quarterly operating results may fluctuate substantially, which may adversely affect our business and the market price of our common stock. Our comparable store sales will fluctuate and may not be a meaningful indicator of future performance. The market price of our common stock is likely to be highly volatile as the stock market in general can be highly volatile. Our ability to operate and expand our business will be dependent upon the availability of adequate capital. Additionally, we are subject to counterparty risk on our current senior revolving credit facility. Intense competition in the sporting goods industry could limit our growth and reduce our profitability. Lack of available retail store sites on terms acceptable to us, rising real estate prices and other costs and risks relating to new store openings could severely limit our growth opportunities. If we are unable to predict or effectively react to changes in consumer demand, we may lose customers and our sales may decline. Unauthorized disclosure of sensitive or confidential customer information could harm the Company s business and standing with our customers. We may be subject to claims and our insurance may not be sufficient to cover damages related to those claims. If our suppliers, distributors or manufacturers do not provide us with sufficient quantities of products, our sales and profitability will suffer and risks associated with relying on foreign sources of production. The loss of our key executives, especially Edward W. Stack, our Chairman of the Board and Chief Executive Officer could have a material adverse effect on our business due to the loss of their experience and industry relationships. Our costs may change as a result of currency exchange rate fluctuations. We are subject to costs and risks associated with increased or changing laws and regulations affecting our business, including those relating to the sale of consumer products. We face various risks as an e-commerce retailer. Problems with our information system software could disrupt our operations and negatively impact our financial results and materially adversely affect our business operations. We rely on three distribution centers, and if there is a natural disaster or other serious disruption at one of these facilities, we may lose merchandise and be unable to effectively deliver it to our stores. Our business is seasonal and our annual results are highly dependent on the success of our fourth quarter sales. Because our Dick s stores are generally concentrated in the eastern half of the United States, we are subject to regional risks. The Company may be subject to periodic litigation, including Fair Labor Standards Act and state wage and hour lawsuits and other types of claims that may adversely affect the Company s business and financial performance. The terms of our senior secured revolving credit facility impose operating and financial restrictions on us, which may impair our ability to respond to changing business and economic conditions. This impairment could have a significant adverse impact on our business. We may pursue strategic acquisitions, which could have an adverse impact on our business, as could assimilation of companies following acquisition. Our business depends on our ability to meet our labor needs. We are controlled by our Chief Executive Officer and his relatives, whose interests may differ from other stockholders. Terrorist attacks, acts of war and foreign instability may seriously harm our business. Risks associated with exclusive brand offerings. Our anti-takeover provisions could prevent or delay a change in control of our Company, even if such change of control would be beneficial to our stockholders. An impairment in the carrying value of goodwill or other acquired intangibles could negatively affect our consolidated operating results and net worth.

Full 10-K form ▸

1089063--3/20/2009--DICKS_SPORTING_GOODS_INC