Companies /Consumer Cyclical
Dicks Sporting Goods Inc
NYSE: DKS Specialty Retail
$144.35
▲ $3.51 (+2.49%) today
Markets closed · 6:56pm ET

Dick's Sporting Goods (DKS) Q4 2025 Earnings

Reported Mar 12, 2026, 7:03am ET · SEC source
$3.45
Beat +17.41%
EPS · est. $2.94 Adjusted

GAAP EPS of $1.41 includes $235.5 million in Foot Locker acquisition-related charges ($217.9 million inventory write-downs, $17.6 million merger and integration costs) and a $13.4 million asset impairment charge from an abandoned technology service contract

$6.2B
Beat +2.66%
Revenue · est. $6.1B
+5.2%
Beating market
DKS vs S&P since report
2 quarters
Consecutive EPS misses

How Did DKS Stock React to Q4 2025 Earnings?

% change · around the report
−3%0+3%Mar 12Mar 13report 7:03am ETearnings−1.3%−4.3%
−3%0+3%Mar 12Mar 13earnings−1.3%−4.3%
DKS −4.3%S&P 500 −1.3%
−3%0+3%Mar 12Mar 13report 7:03am ETearnings−1.7%−4.3%
−3%0+3%Mar 12Mar 13earnings−1.7%−4.3%
DKS −4.3%NASDAQ −1.7%
−6%−3%0+3%Mar 11Mar 20report 7:03am ETearnings−2.4%−3.8%
−6%−3%0+3%Mar 11Mar 20earnings−2.4%−3.8%
DKS −3.8%S&P 500 −2.4%
−6%−3%0+3%Mar 11Mar 20report 7:03am ETearnings−2.2%−3.8%
−6%−3%0+3%Mar 11Mar 20earnings−2.2%−3.8%
DKS −3.8%NASDAQ −2.2%
+1.06%
Day of report
−2.75%
Next session
−2.31%
One week
+9.43%
30 days

S&P 500 over the same 30 days: +4.26%.

Did DKS Beat Earnings? Q4 2025 Results

Yes. Dick's Sporting Goods reported Q4 2025 earnings of $3.45 a share on Mar 12, 2026, beating the $2.94 consensus estimate by 17.4%. Revenue was $6.2B against a $6.1B estimate.

DICK'S Sporting Goods delivered a strong fourth-quarter fiscal 2025 beat, with adjusted EPS of $3.45 clearing the $2.94 consensus estimate by 17.41% and revenue of $6.23 billion topping expectations by 2.66%, even as the results were fundamentally reshaped by the company's September 2025 acquisition of Foot Locker for $2.50 billion. The headline revenue surge of 59.9% year-over-year was almost entirely a function of $2.18 billion in newly consolidated Foot Locker sales, while the legacy DICK'S business held its own with $4.05 billion in net sales and 3.1% comparable sales growth. On a GAAP basis, EPS fell to $1.41 from $3.62 a year ago, weighed down by $235.50 million in acquisition-related charges including $217.90 million of inventory write-downs and a $13.38 million asset impairment tied to an abandoned technology contract. The board lifted its quarterly dividend 3% to $1.25 per share, and management guided fiscal 2026 consolidated net sales of $22.10 billion to $22.40 billion, with consolidated non-GAAP EPS of $13.50 to $14.50, as integration of the Foot Locker platform accelerates.

Key Takeaways
  • 3.1% Q4 comparable sales growth for DICK'S Business driven by growth in average ticket and transactions
  • 4.5% full year comparable sales growth for DICK'S Business
  • DICK'S Business non-GAAP operating margin expanded 88 bps to 11.0% in Q4
  • Strong holiday season execution in the DICK'S Business
  • 16 House of Sport and 15 DICK'S Field House locations opened during fiscal 2025

“We're very proud of our company's Q4 results. In the DICK'S Business, our strong execution powered a great holiday season and another strong quarter with comp growth over 3% and double-digit non-GAAP EPS growth. It was a terrific year overall with comps of 4.5%, gross margin expansion, and non-GAAP operating margin of over 11%. DICK'S and Foot Locker are perfectly positioned at the intersection of sport and culture which is becoming an even stronger part of everyday life. For 2026, we expect to drive continued comp growth, strategic expansion of our square footage, and strong profitability for the DICK'S Business. We also look forward to returning the Foot Locker Business to both top-line and bottom-line growth in 2026. We have deep conviction in the tremendous opportunity ahead for our entire company.”

Dick's Sporting Goods CEO, on the earnings call

What Was Dick's Sporting Goods's Outlook in Q4 2025?

For fiscal 2026, the company expects consolidated net sales of $22.1 billion to $22.4 billion, with DICK'S Business net sales of $14.5 billion to $14.7 billion and Foot Locker Business net sales of $7.6 billion to $7.7 billion. DICK'S Business comparable sales growth is expected at 2.0% to 4.0%, with proforma Foot Locker comparable sales growth of 1.0% to 3.0%. Consolidated GAAP operating income is expected at $1.71 billion to $1.83 billion ($1.68 billion to $1.81 billion non-GAAP). Consolidated GAAP EPS is expected at $13.70 to $14.70 ($13.50 to $14.50 non-GAAP) based on approximately 91 million diluted shares outstanding and an effective tax rate of approximately 25.5%. DICK'S Business segment profit is guided at $1.58 billion to $1.66 billion (11.0% to 11.2% operating margin), while Foot Locker Business segment profit is expected at $100 million to $150 million (1.3% to 1.9% margin). Gross capital expenditures are expected at approximately $1.7 billion (~$1.5 billion net). Plans include approximately 14 additional House of Sport locations and approximately 22 additional DICK'S Field House locations.

DKS YoY Financials

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$0$2.0B$4.0B$6.0B$3.9B$6.2BRevenue$1.4B$1.8BGross Profit$387.0M$184.5MOperating Income$300.0M$128.3MNet Income
$0$2.0B$4.0B$6.0BRevenueGross ProfitOperating IncomeNet Income
DKS income statement, Q4 2025 versus Q4 2024
Metric Q4 2025 Q4 2024 Year over year
Revenue $6.2B $3.9B +59.9%
Gross Profit $1.8B $1.4B +30.0%
Operating Income $184.5M $387.0M −52.3%
Net Income $128.3M $300.0M −57.2%

DKS Revenue by Segment

DICK'S Sporting Goods$4.1B+4.0%
Foot Locker$2.2B

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