DICK’S Sporting Goods (DKS) Q2 2027 earnings summary

Executive summary

• Consolidated net sales rose 53.2% year-over-year to $5.59B, driven by the Foot Locker acquisition and 4.9% comp growth at DICK'S; Foot Locker comps declined 3.6% and segment loss was $31.9M.

• Net income was $315.5M ($3.50 per diluted share), down from $381.4M ($4.71 per share) YoY, reflecting acquisition-related charges and integration costs.

• DICK'S outperformed the industry, gaining market share and expanding gross margin, while Foot Locker faced margin and sales pressure amid a highly promotional environment.

• Strategic focus on omni-channel, experiential retail, vertical brands, and loyalty ecosystem continues to drive growth.

• Declared and paid a quarterly dividend of $1.25 per share.

Financial highlights

• FY25 consolidated net sales: $17.22B post-acquisition; Q2 2026 net sales: $5.59B.

• Q2 gross profit was $1.94B (34.8% margin, down 228 bps YoY); operating income $440.8M (7.9% margin, down 451 bps YoY); non-GAAP EPS $3.53 (down from $4.38 YoY); GAAP EPS $3.50.

• DICK'S Q2 segment profit: $485.2M; Foot Locker segment loss: $31.9M.

• FY25 non-GAAP operating income: $1.57B (+4.7% YoY); non-GAAP EPS: $14.58 (+3.8% YoY).

• Cash and cash equivalents: $914M at quarter-end.

Outlook and guidance

• 2026 consolidated net sales guidance: $21.9B–$22.2B; diluted EPS: $10.94–$11.94.

• DICK'S Business 2026 comp sales: +2.5% to +4.0%; segment profit margin: 10.6%–10.9%.

• Foot Locker 2026 comp sales: -2.0% to 0.0%; segment loss: $80M–$40M.

• Full-year gross margin to decline slightly; Q3 to see most pronounced margin pressure.

• Capital expenditures projected at $1.4B net for the year.