Q1 26 EPS
$2.90
MISS 0.20%
Est. $2.91
Q1 26 Revenue
$5.16B
BEAT +1.95%
Est. $5.07B
vs S&P Since Q1 26
-7.1%
TRAILING MARKET
DKS -6.5% vs S&P +0.6%
Market Reaction
Did DKS Beat Earnings? Q1 2026 Results
DICK'S Sporting Goods delivered a mixed first quarter for fiscal 2026, posting non-GAAP EPS of $2.90 against a consensus estimate of $2.91, a narrow 0.20% miss, while revenue of $5.16 billion topped expectations by 1.95% and surged 62.7% year-over-ye… Read more DICK'S Sporting Goods delivered a mixed first quarter for fiscal 2026, posting non-GAAP EPS of $2.90 against a consensus estimate of $2.91, a narrow 0.20% miss, while revenue of $5.16 billion topped expectations by 1.95% and surged 62.7% year-over-year. The headline growth story was almost entirely structural: the September 2025 acquisition of Foot Locker contributed $1.79 billion in net sales to the consolidated top line, while the legacy DICK'S business independently generated $3.38 billion with a 6.0% comparable sales gain. Gross margin compressed to 32.59% from 36.70% a year earlier, reflecting the lower-margin Foot Locker mix and $42.73 million in acquisition-related inventory write-downs, which weighed heavily on the bottom line. Some institutional investors have trimmed their positions ahead of and following the print, though analysts broadly maintain a moderate buy consensus on the stock. Looking ahead, management raised the low end of comparable sales guidance for both segments and lifted consolidated non-GAAP operating income guidance to $1.71 billion to $1.83 billion, with full-year non-GAAP EPS maintained at $13.50 to $14.50.
Key Takeaways
- • DICK'S Business delivered 6.0% comp sales growth with growth in average ticket and transactions
- • Broad-based strength across footwear, apparel, and hardlines
- • Foot Locker Business returned to positive comp sales (+0.6%) and profitability
- • Fast Break store remodel initiative delivering double-digit comps and merchandise margin improvement
- • Strong consumer engagement driven by sports category momentum
- • Continued market share gains in the DICK'S Business
DKS YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
DKS Revenue by Segment
With YoY comparisons, source: SEC Filings
“We're very proud of our company's Q1 results. Sport is driving sustained energy and engagement across the consumer landscape, and our team turned that athlete demand into another very strong quarter of execution. In Q1, we delivered comp sales growth of 6% in the DICK'S Business, with growth in average ticket and transactions, and broad-based strength across footwear, apparel, and hardlines. These strong comps were on top of a 4.5% increase last year and a 5.3% increase in 2024, as we continued to gain market share. Given our continued confidence in the DICK'S Business, we are raising our full-year expectations for comp sales growth and profitability.”
— Lauren Hobart, Q1 2026 Earnings Press Release
DKS Earnings Trends
DKS vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
DKS EPS Trend
Earnings per share: estimate vs actual
DKS Revenue Trend
Quarterly revenue: estimate vs actual
DKS Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 27 | — | — | — | — | — |
| Q4 26 BEAT FY | $2.94 | $3.45 | +17.41% | $6.23B | +2.66% |
| FY Full Year | $12.77 | $13.20 | +3.34% | $17.22B | +1.63% |
| Q3 26 MISS | $2.71 | $2.07 | -23.49% | $4.17B | -6.02% |
| Q2 26 BEAT | $4.30 | $4.38 | +1.89% | $3.65B | +1.02% |
| Q1 26 MISS | $2.91 | $2.90 | -0.20% | $5.16B | +1.95% |
| Q4 25 BEAT FY | $3.51 | $3.62 | +3.05% | $3.89B | +3.26% |
| FY Full Year | $13.93 | $14.05 | +0.86% | $13.44B | +0.95% |