Companies /Consumer Cyclical

Dicks Sporting Goods Inc

NYSE: DKS Specialty Retail
$139.15
▼ $0.62 (−0.44%) today
Markets closed · 1:46pm ET

Q2 2027 Earnings

Reported Aug 25, 2026, 7:01am ET · SEC source
$3.53
Miss −6.83%
EPS · est. $3.79 Adjusted

Non-GAAP EPS excludes Foot Locker acquisition-related costs of $29.3 million (net), IEEPA tariff refunds of $38.1 million attributable to prior-year costs plus $2.1 million related interest income, store operating model redesign costs of $15.3 million, and $6.1 million non-cash deferred compensation plan adjustments.

$5.6B
Miss −1.06%
Revenue · est. $5.6B
1 quarter
Consecutive EPS misses

Market Reaction

% change · around the report
−20%0Aug 25Aug 26report 7:01am ETearnings−0.2%−18.6%
−20%0Aug 25Aug 26earnings−0.2%−18.6%
DKS −18.6%S&P 500 −0.2%
−20%0Aug 25Aug 26report 7:01am ETearnings−0.3%−18.6%
−20%0Aug 25Aug 26earnings−0.3%−18.6%
DKS −18.6%NASDAQ −0.3%
−20%0+20%Aug 24Sep 2report 7:01am ETearnings−0.7%−11.4%
−20%0+20%Aug 24Sep 2earnings−0.7%−11.4%
DKS −11.4%S&P 500 −0.7%
−20%0+20%Aug 24Sep 2report 7:01am ETearnings−1.0%−11.4%
−20%0+20%Aug 24Sep 2earnings−1.0%−11.4%
DKS −11.4%NASDAQ −1.0%
−30.68%
Day of report
+4.30%
Next session
+6.95%
One week

Did DKS Beat Earnings? Q2 2027 Results

DICK'S Sporting Goods posted a mixed second quarter for fiscal 2026, falling short of Wall Street expectations on both the top and bottom lines as the integration costs and operational drag from its Foot Locker acquisition weighed on results. The retailer reported adjusted non-GAAP EPS of $3.53, missing the $3.79 consensus estimate by 6.83%, while consolidated net sales of $5.59 billion came in 1.06% below forecasts, despite surging 53.2% year over year as the Foot Locker business, acquired in September 2025, contributed $1.74 billion to the quarter. The legacy DICK'S business remained healthy, with 4.9% comparable sales growth aided by FIFA World Cup demand, but the Foot Locker segment posted a $31.88 million operating loss and a 3.6% proforma comp sales decline, hurt by a promotional footwear marketplace and weak retro product performance. Several institutional investors have recently added new positions in the stock, though shares have traded near their 52-week low. Looking ahead, management trimmed its full-year outlook, guiding for consolidated net sales of $21.90 billion to $22.20 billion and non-GAAP EPS of $11.00 to $12.00, with Foot Locker proforma comp sales now expected at negative 2.0% to flat.

Key Takeaways
  • DICK'S Business delivered 4.9% comp sales growth driven by broad-based growth across categories
  • Strong results from the 2026 FIFA World Cup investment
  • Growth in average ticket and transactions for the DICK'S Business
  • Foot Locker Business proforma comps declined 3.6% due to challenging athletic footwear marketplace
  • Fewer launches in Q2 and underperformance of launch and retro product impacted Foot Locker
  • Increasingly promotional conditions across portions of athletic footwear and apparel marketplace
  • IEEPA tariff refunds of $59.0 million received during the quarter

“We're proud of our second quarter performance in the DICK'S Business, where we delivered comp sales growth of 4.9% and gained market share despite growing pressure across portions of the athletic footwear and apparel marketplace. Our Q2 results reflect the strength of our athlete-focused strategy, broad differentiated assortment, strong brand partnerships and continued focus on profitable growth opportunities such as House of Sport, GameChanger and DICK'S Media Network. We invested significantly around the FIFA World Cup, and our team delivered outstanding results. While we are taking a more cautious view of the balance of the year, we remain highly confident in the strength of the DICK'S Business and our long-term opportunity at Foot Locker.”

Dick's Sporting Goods CEO, on the earnings call

Forward Guidance & Outlook

The company revised its full-year 2026 outlook downward due to challenging athletic footwear and apparel marketplace conditions. Consolidated net sales are expected at $21.9 billion to $22.2 billion. GAAP EPS guidance is $10.94 to $11.94 and non-GAAP EPS guidance is $11.00 to $12.00, based on approximately 90 million diluted shares and a ~29% effective tax rate. Consolidated operating income is expected at $1.45 billion to $1.55 billion on a GAAP basis ($1.46 billion to $1.56 billion non-GAAP). DICK'S Business comp sales outlook is maintained at 2.5% to 4.0% growth, with net sales of $14.5 billion to $14.7 billion and segment profit of $1.54 billion to $1.60 billion. Foot Locker Business proforma comp sales outlook is lowered to negative 2.0% to 0.0%, with net sales of $7.4 billion to $7.5 billion and segment loss of $(80) million to $(40) million. Gross capital expenditures are expected at approximately $1.6 billion ($1.4 billion net). Total pre-tax charges related to the Foot Locker acquisition review are expected up to $750 million, including $200 million in fiscal 2026.

DKS YoY Financials

Q2 2027 vs Q2 2026 · SEC filings Q2 2026 Q2 2027
$0$2.0B$4.0B$6.0B$3.6B$5.6BRevenue$1.4B$1.9BGross Profit$452.2M$440.8MOperating Income$381.4M$315.5MNet Income
$0$2.0B$4.0B$6.0BRevenueGross ProfitOperating IncomeNet Income

DKS Revenue by Segment

DICK'S Sporting Goods$3.8B+5.6%
Foot Locker$1.7B

Figures from SEC filings and company reports. Not investment advice.