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

Executive summary

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

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

• FY25 consolidated net sales reached $17.22B, with DICK'S Business contributing $14.11B, up 5.0% year-over-year.

• Integration of Foot Locker progressing, with inventory cleanup completed and cost synergy targets of $100M–$125M over the medium term.

• Opened 16 House of Sport and 15 Field House locations in 2025, with further expansion planned for 2026.

Financial highlights

• Q4 consolidated net sales rose to $6.23B, with $2.18B from Foot Locker; full-year net sales increased to $17.22B from $13.44B.

• DICK'S full-year sales reached a record $14.1B; Q4 sales up 3.1% on top of last year's 6.6%.

• Non-GAAP operating income for DICK'S Business was $1.57B (11.12% margin); consolidated non-GAAP operating income was $1.52B (8.81% margin).

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

• Over the past three years, $2.4B returned to shareholders via dividends and share repurchases, exceeding 100% of free cash flow.

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, back-half weighted.

• Consolidated non-GAAP operating income expected at $1.68B–$1.83B.

• Capital expenditures for 2026 projected at $1.7B gross, $1.5B net.