DICK'S Sporting Goods, Inc.

DICK'S Sporting Goods, Inc. Earnings Recaps

DKS Consumer Discretionary 3 recaps
Q1 2026 May 29, 2026

DICK’S Sporting Goods shares declined 2.9% following Q1 results, reflecting investor caution despite solid core DICK’S comps and initial signs of Foot Locker’s turnaround; concerns remain around the pace of Foot Locker’s recovery and margin pressures.

Key takeaways
  • DICK’S reported a 6% comparable sales increase in its core business, signaling steady demand in performance and lifestyle categories.
  • Foot Locker saw its first positive comps since Q4 2024, with a 1.4% comp gain in North America and a 6.4% comp increase at the critical U.S. Foot Locker banner.
  • The Fast Break store remodel initiative at Foot Locker delivered double-digit comps and meaningful merchandise margin improvement, with plans to expand to approximately 250 stores by back-to-school.
  • Management raised the lower end of full-year comp guidance for Foot Locker to 1.5%, up from 1%, reflecting cautious optimism but still modest growth expectations.
  • Despite operational improvements, investors appear concerned about the modest overall Foot Locker results and potential margin headwinds, tempering enthusiasm for a full turnaround.
Full recap
Q3 2025 Nov 26, 2025

DICK'S Sporting Goods reported a solid Q3 2025, with a 5.7% comp sales growth in its business despite challenges in the newly acquired Foot Locker operations, which saw a 4.7% decline in pro forma comp sales.

Key takeaways
  • DICK'S business continues to thrive with a strong product assortment and enhanced omnichannel experience.
  • Foot Locker's acquisition marks a significant opportunity for growth, with a focus on operational improvements and inventory management.
  • New leadership appointments, including Anne Freeman and Matthew Barnes, aim to drive Foot Locker’s turnaround and stabilize operations.
  • The company plans to aggressively reduce unproductive inventory and close underperforming stores to streamline Foot Locker for future growth.
Full recap
Q2 2025 Aug 28, 2025

DICK'S Sporting Goods posted robust second-quarter results with a 5% increase in comparable store sales and raised its full-year outlook, showcasing strong operational momentum and strategic positioning ahead of the pending Foot Locker acquisition.

Key takeaways
  • Q2 consolidated sales rose 5% year-over-year to $3.65 billion, bolstered by growth in both average ticket and transactions.
  • Non-GAAP EPS reached $4.38, supported by improved gross margins and sustained operational efficacy.
  • The company plans to expand its House of Sport and Fieldhouse locations significantly, aiming for a total of 35 and 42 locations, respectively, by year-end.
  • DICK'S anticipates annual comp sales growth to be between 2% and 3.5%, with EPS projected between $13.90 and $14.50.
  • The acquisition of Foot Locker, approved by shareholders, is expected to enhance market position and consumer reach upon closure on September 8.
Full recap