Companies /Consumer Cyclical

Dicks Sporting Goods Inc

NYSE: DKS Specialty Retail
$139.15
▼ $0.62 (−0.44%) today
Markets closed · 2:40pm ET

Q4 2026 Earnings

Reported Mar 12, 2026, 7:03am ET · SEC source
$3.45
Beat +17.41%
EPS · est. $2.94
$6.2B
Beat +2.66%
Revenue · est. $6.1B
+5.2%
Beating market
DKS vs S&P since report
1 quarter
Consecutive EPS misses

Market Reaction

% 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 2026 Results

DICK'S Sporting Goods delivered a strong fourth-quarter beat, posting non-GAAP EPS of $3.45 against a consensus estimate of $3.03, a 13.86% positive surprise, as revenue surged 59.9% year over year to $6.23 billion, clearing the $5.95 billion estimate by 4.64%. The transformative driver behind both the top- and bottom-line jump was the September 2025 acquisition of Foot Locker, which folded roughly five months of the athletic footwear chain's operations into consolidated results, including $2.18 billion in Foot Locker segment net sales during the quarter alone. The DICK'S core business held its own independently, with 3.1% comparable sales growth and standalone non-GAAP EPS of $4.05, up 12% year over year. Analysts had questioned whether the stock would finally reward investors for the company's consistent execution, and management's fiscal 2026 guidance of $22.1 billion to $22.4 billion in consolidated net sales, with non-GAAP EPS of $13.50 to $14.50, signals confidence that the Foot Locker integration will reach an inflection point by back-to-school season.

Key Takeaways
  • 3.1% Q4 comparable sales growth for the DICK'S Business driven by growth in average ticket and transactions
  • 4.5% full year comparable sales growth for the DICK'S Business
  • Record-setting Q4 sales for the DICK'S Business
  • Strong holiday season execution
  • Double-digit non-GAAP EPS growth for the DICK'S Business in Q4
  • Non-GAAP operating margin of over 11% for DICK'S Business full year

“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

Forward Guidance & Outlook

For fiscal 2026 (52 weeks ending January 30, 2027), DICK'S expects consolidated net sales of $22.1 billion to $22.4 billion. DICK'S Business segment net sales are expected at $14.5 billion to $14.7 billion with comparable sales growth of 2.0% to 4.0%, while Foot Locker Business segment net sales are expected at $7.6 billion to $7.7 billion with proforma comparable sales growth of 1.0% to 3.0%. Consolidated GAAP operating income is expected at $1.71 billion to $1.83 billion, with non-GAAP operating income of $1.68 billion to $1.81 billion. GAAP EPS is guided to $13.70 to $14.70, with non-GAAP EPS of $13.50 to $14.50, based on approximately 91 million diluted shares and a 25.5% effective tax rate. Net capital expenditures are expected at approximately $1.5 billion. The company plans to open approximately 14 additional House of Sport locations and approximately 22 additional DICK'S Field House locations. Management expects the Foot Locker Business to reach an inflection point beginning with back-to-school, returning to both top-line and bottom-line growth.

DKS YoY Financials

Q4 2026 vs Q4 2025 · SEC filings Q4 2025 Q4 2026
$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 Revenue by Segment

DICK'S Sporting Goods$4.1B
Foot Locker$2.2B

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