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Dick's Sporting Goods (DKS) remains a Buy as the core business accelerates and Foot Locker integration is handled decisively. Legacy DKS posted 5.7% comparable sales growth, with both ticket size and transactions rising, outpacing broader retail trends. Management is proactively resetting Foot Locker, taking upfront charges and clearing inventory to enable a faster turnaround by 2026.
Dick's Sporting Goods (NYSE: DKS) announced it will close select Foot Locker stores and raised its full-year outlook in its third-quarter earnings report on Tuesday.
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DICK'S Sporting Goods, Inc. faces headwinds after its controversial Foot Locker acquisition, which has diluted earnings and added significant integration costs. FL's underperformance, especially overseas, and expected pre-tax charges of $500-$750 million raise doubts about the deal's value and future profitability. Core DKS business remains solid, with strong same-store sales growth, resilient margins, and a secure dividend, but FL's drag overshadows these positives.
Dick's Sporting Goods said it plans to close several underperforming Foot Locker locations. Chairman Ed Stack said the move is part of an effort to "clean out the garage.
Dick's Sporting Goods on Tuesday missed estimates for third-quarter profit and warned of up to $750 million in charges tied to a sweeping review of its recently acquired Foot Locker business that includes store closures and inventory cleanup.
Dick's Sporting Goods will close a number of Foot Locker stores as it begins to restructure the newly acquired business. Excluding Foot Locker, Dick's saw comparable sales rise 5.7% during its fiscal third quarter, well ahead of the 3.6% growth analysts had expected.
– Delivers 5.7% Comp Sales Growth for the DICK'S Business(A) – – Raises FY 2025 Guidance(B) for Comp Sales Growth and EPS for the DICK'S Business(C) – – Completed Acquisition of Foot Locker to Become a Global Leader in the Sports Retail Industry – Delivered earnings per diluted share of $0.86 and non-GAAP earnings per diluted share of $2.07; Delivered non-GAAP earnings per diluted share for the DICK'S Business of $2.78 compared to GAAP and non-GAAP earnings per diluted share of $2.75 during the prior year quarter Opened 13 new House of Sport locations and 6 new DICK'S Field House locations during the third quarter Raises full year 2025 guidance for comparable sales growth for the DICK'S Business to a range of 3.5% to 4.0%, up from 2.0% to 3.5% previously Raises full year 2025 earnings per diluted share guidance for the DICK'S Business to a range of $14.25 to 14.55, up from $13.90 to 14.50 previously Completed acquisition of Foot Locker to become a global leader in the sports retail industry, assembled a world-class management team and initiated a review of unproductive assets, which along with merger and integration costs, is expected to result in future pre-tax charges of $500 to 750 million "We delivered another strong quarter with DICK'S Business comps of 5.7%, and we continue to operate from a position of strength. We are incredibly excited about our acquisition of Foot Locker, which marks a bold and transformative step that expands our reach and creates a global platform at the intersection of sport and culture.
PITTSBURGH , Nov. 25, 2025 /PRNewswire/ -- DICK'S Sporting Goods today announced the appointment of Matthew Barnes as President of Foot Locker International, effective December 3, 2025. Barnes will lead the Foot Locker business' international operations with a focus on driving strategic growth, accelerating business momentum and executing targeted turnaround strategies.
DICK'S Sporting Goods remains a 'Buy' as the Foot Locker acquisition and core business momentum strengthen the growth outlook. The Foot Locker deal positions the company as a global sporting goods leader, enhances its Nike partnership, and reduces integration risk by operating Foot Locker independently. DKS's GameChanger digital platform is scaling rapidly, generating high-margin, recurring revenue and expanding the company's long-term growth drivers.
U.S. President Donald Trump's trade war is helping to push U.S. clothing and footwear acquisitions to all-time highs this year, with some companies merging to help offset tariff costs while others go private to weather the next 3-1/2 years of his presidency outside of the public market, dealmakers say.
PITTSBURGH , Sept. 9, 2025 /PRNewswire/ -- DICK'S Sporting Goods, Inc. ("DICK'S" or the "Company") (NYSE: DKS), a leading U.S. based full-line omni-channel sporting goods retailer, today announced the expiration and final results of its previously announced offer to eligible holders to exchange (the "Exchange Offer") any and all of Foot Locker, Inc.'s ("Foot Locker") 4.000% Senior Notes due 2029 (the "Foot Locker Notes") for (1) up to $400,000,000 aggregate principal amount of new 4.000% Senior Notes due 2029 issued by DICK'S (the "DICK'S Notes") and (2) in certain instances, cash, and the related consent solicitation by Foot Locker (the "Consent Solicitation") to adopt certain proposed amendments (the "Proposed Amendments") to the indenture governing the Foot Locker Notes (the "Foot Locker Indenture").
Foot Locker is now officially a part of Dick's Sporting Goods. Dick's announced Monday (Sept. 8) that it had concluded its $2.4 billion acquisition of the footwear and sporting goods chain. This purchase gives Dick's a greater piece of the sneaker market, as it now operates more than 3,200 stores, while positioning it to expand on an international basis.
Dick's Sporting Goods (NYSE:DKS) shares gained nearly 2% to $225.03 in late-morning trading on Monday after the sporting goods retailer announced that it has completed its acquisition of Foot Locker, Inc. Dick's said the combined company will operate more than 3,200 stores plus e-commerce and digital businesses across 20 countries in North America, Europe, Asia, and Australia, plus a licensed store presence in Europe, the Middle East and Asia. "Bringing together the strengths of both companies will help us return Foot Locker to growth while continuing to fuel DICK'S momentum," Dick's Sporting Goods CEO Lauren Hobart said in a statement.
PITTSBURGH , Sept. 8, 2025 /PRNewswire/ -- DICK'S Sporting Goods, Inc. ("DICK'S" or the "Company") (NYSE: DKS), a leading U.S.-based full-line omni-channel sporting goods retailer, today announced that it has completed its acquisition of Foot Locker, Inc. ("Foot Locker"), a leading footwear and apparel retailer.
A bold collaboration rooted in heritage and West Coast culture LOS ANGELES , Sept. 5, 2025 /PRNewswire/ -- WSS, a banner under Foot Locker, Inc. (NYSE: FL) and the neighborhood shoe store that brings sneakers and streetwear culture to the community, proudly announces a collaboration with two cultural powerhouses: Mister Cartoon, a legendary cultural icon and artist, and Pro Club, an iconic L.A.
NEW YORK , Sept. 2, 2025 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600: United Parks & Resorts Inc. (NYSE: PRKS) will replace Foot Locker Inc. (NYSE: FL) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, September 8.
PITTSBURGH and NEW YORK , Sept. 2, 2025 /PRNewswire/ -- DICK'S Sporting Goods, Inc. ("DICK'S Sporting Goods") (NYSE: DKS) and Foot Locker, Inc. ("Foot Locker") (NYSE: FL) today announced the preliminary results of the elections made by Foot Locker shareholders of record regarding the form of consideration they wish to receive in exchange for their shares of Foot Locker common stock in connection with the previously announced acquisition of Foot Locker by DICK'S Sporting Goods (the "Merger").
The retailer's merger with Foot Locker is expected to close on Sept. 8.