DICK’S Sporting Goods (DKS) Q4 2026 earnings summary

Executive summary

• Delivered strong Q4 and FY25 results, with DICK'S comparable sales up 3.1% in Q4 and 4.5% for the year, and double-digit non-GAAP EPS growth.

• Completed acquisition of Foot Locker, creating a global sports retail leader with a $300B addressable market and 3,195 stores as of 2025.

• Consolidated net sales rose 28.1% to $17.22B for the year, with DICK'S Business contributing $14.11B, up 5.0% year-over-year.

• Integration of Foot Locker progressing, with Fast Break pilot stores outperforming and inventory cleanup completed.

• Entering 2026 with strong momentum, clear growth priorities, and confidence in both DICK'S and Foot Locker businesses.

Financial highlights

• DICK'S full-year sales reached a record $14.1B; consolidated net sales $17.22B, up 28.1% year-over-year.

• DICK'S non-GAAP EPS was $14.58, up from $14.05 last year; consolidated non-GAAP EPS $13.20.

• Q4 consolidated net sales increased 59.9% to $6.23B; DICK'S Q4 comps up 3.1%.

• Consolidated non-GAAP operating income was $1.52B (8.81% margin); DICK'S operating margin 11.1%.

• Foot Locker contributed $3.11B in sales for the partial year, with a $52.2M operating loss.

Outlook and guidance

• 2026 consolidated net sales expected between $22.1B–$22.4B; non-GAAP diluted EPS guidance of $13.50–$14.50.

• DICK'S Business 2026 net sales projected at $14.5B–$14.7B, with comparable sales growth of 2.0%–4.0%.

• Foot Locker 2026 sales expected at $7.6B–$7.7B, with 1%-3% comp growth and $100M-$150M operating income.

• Consolidated non-GAAP operating income guidance: $1.68B-$1.81B.

• Capital expenditures planned at $1.5B, with continued dividend increases and share repurchases.