Dick's Sporting Goods reported a miss on earnings per share for the fiscal first quarter, largely due to $96.5 million in charges related to its acquisition and turnaround of Foot Locker. While Foot Locker saw its first comparable sales growth since 2024, and Dick's stores also posted strong sales increases, the costs of store closures, severance, and inventory clearance weighed on profitability. Dick's raised its sales growth guidance for both brands but lowered its consolidated operating income and earnings per share outlook for 2026. The company continues to expand a successful pilot program to improve Foot Locker's store performance ahead of key shopping seasons.
DICK'S Sporting Goods reported a 6.0% increase in comparable sales for its core business and a return to growth and profitability for Foot Locker in Q1 2026. The company raised the low end of its 2026 comparable sales guidance for both DICK'S (2.5%-4...
This week, investors focus on key economic data including Core PCE inflation and GDP figures, which will influence Federal Reserve rate expectations and Treasury yields. Fed officials' speeches may further sway market views on monetary policy. Earnin...
DICK'S Sporting Goods introduced Coach by DICK'S™, an AI-driven digital coach within its mobile app designed to offer personalized guidance to athletes at all levels. This new feature leverages DICK'S sport expertise and product knowledge to provide ...
