Dick’s Sporting Goods Reports Strong Q4 2025 Earnings, Raises FY26 Guidance

DKS
March 12, 2026

Dick’s Sporting Goods reported fourth‑quarter 2025 revenue of $6.23 billion, a 59.9 % year‑over‑year increase, and adjusted earnings per share of $3.45, beating the consensus estimate of $2.94 by $0.51.

The growth was driven by the core Dick’s Business, which posted comparable sales growth of 3.1 % and operating income that expanded to 7.0 % of net sales, reflecting strong demand and pricing power in the holiday season.

The newly acquired Foot Locker business posted an operating loss, driven by inventory write‑downs and integration costs. Management expects $500‑$750 million of pre‑tax charges through 2026 as the company cleans up the Foot Locker portfolio.

Management raised its FY26 revenue outlook to $22.1 billion–$22.4 billion, above the consensus estimate of $21.8 billion, and guided adjusted EPS to $13.50–$14.50, slightly lower than the prior guidance of $13.80–$14.40 but still above analyst expectations. The company also increased its quarterly dividend to $1.25 per share, a 3 % rise.

Lauren Hobart, President and CEO, said, 'We're very proud of our company's Q4 results. In the Dick's Business, our strong execution powered a great holiday season and another strong quarter with comp growth over 3% and double‑digit adjusted EPS growth.' Ed Stack, Executive Chairman, added, 'For 2026, we expect to drive continued comp growth, strategic expansion of our square footage, and strong profitability for the Dick's business. We also look forward to returning the Foot Locker business to both top‑line and bottom‑line growth in 2026.'

Compared with Q4 2024, revenue was $3.89 billion, up 0.5 % year‑over‑year, and adjusted EPS was $3.62, down 6 % from $3.85 in the prior year, underscoring the impact of the Foot Locker acquisition on the quarter’s financials.

The results demonstrate that Dick’s is successfully integrating Foot Locker while maintaining momentum in its core retail operations. The company’s ability to beat earnings expectations and raise guidance signals confidence in continued demand, even as it navigates short‑term integration costs and inventory cleanup.

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