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Dick's Sporting Goods cuts full-year profit forecast despite strong Q1 results

Company Fundamentals
27 May 2026
Proactive Investors
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Bearish
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Dick's Sporting Goods reported Q1 revenue and earnings above Wall Street expectations, with revenue up 62.7% year-over-year to $5.16 billion and adjusted EPS at $2.90. However, the company lowered its full-year GAAP earnings per share guidance to $13.27-$14.27 from $13.70-$14.70, citing a higher share count after acquiring Foot Locker. Full-year revenue guidance remains steady at $22.1-$22.4 billion. Despite the profit outlook cut, Dick's continues to integrate Foot Locker and expand initiatives like "Fast Break," signaling ongoing growth efforts.

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