DICK’S Sporting Goods (DKS) reported adjusted earnings per share (EPS) of $3.53 and revenue of $5.6 billion for its latest fiscal period. This represents a 20% year-over-year decline in earnings, despite a 53% increase in revenue, which was significantly impacted by the acquisition of Foot Locker. The company’s guidance for fiscal 2026 adjusted EPS has been lowered to a range of $11 to $12. Following this announcement, shares fell over 30% year-to-date, reaching levels not seen since late 2023 and early 2024.
Comparable sales increased by 4.9%, but the performance was negatively affected by Foot Locker’s 3.6% decline in comparable sales due to decreased demand for older footwear styles and fewer product launches. DICK’S is currently ranked #5 (Strong Sell) by Zacks, reflecting analyst concerns about its short-term earnings outlook.
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