Dick's Sporting Goods (DKS) reported first-quarter results that beat revenue expectations but missed on earnings per share. The company lowered its full-year profit forecast, attributing the margin pressure to its recent acquisition of Foot Locker. Despite the earnings miss, revenue surged 62.7% year-over-year to $5.16 billion, topping analyst estimates.
The report offered the first detailed look at the integration of Foot Locker, which Dick's acquired in 2025. Management noted encouraging signs, with the Foot Locker business returning to positive comparable sales growth for the first time since Q4 2024. Dick's raised its full-year comparable sales growth guidance for both its core banner and the Foot Locker business. The mixed results highlight the costs and challenges of integrating a major acquisition, even as top-line growth remains robust. Shares were down around 3% in pre-market trading following the announcement.